Bitcoin Price Volatility Reached A 14-Month High In June

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Bitcoin Price Volatility Reached A 14-Month High In June

Bitcoin had a tumultuous June, as one measure of volatility climbed to the most since April 2020 and prices fell to their lowest in five months. On June 9, the cryptocurrency's annualized 30-day volatility rose to 117. 04%, figures provided by asset manager Blockforce Capital reveal. Upon reaching this point, the digital asset's 30-day volatility had attained its greatest value since April 10, 2020, approximately 14 months earlier. A separate measure of price fluctuations, annualized 60-day volatility, reached 106. 39% on June 25, the most since May 11, 2020, additional Blockforce Capital data shows. As a result, this alternate measure of volatility hit a 13-month high. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] The world's most prominent digital currency experienced this notable volatility during a month where bitcoin prices fell to as little as $29, 031. 31 on June 22, CoinDesk figures show. At this point, the cryptocurrency was trading at its lowest since January 22, additional CoinDesk data indicates. After falling to a roughly five-month low, the digital asset quickly recovered, rising to as much as $34, 790. 33

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