Cryptocurrency, Bitcoin (BTC)–While there are a number of reasons detractors of Bitcoin give for the lack of viability as a payment source, price volatility has become a focal points for both economists weighing in on the situation in addition to general observers. However, the falling turbulence of the crypto markets has now culminated in the price of Bitcoin being less volatile than that of tech stocks through the traditional markets.
Much of the falling price fluctuation for BTC can be attributed to the ongoing bear market of 2018. Since reaching an all time high of near $20,000 last December, the price of BTC declined throughout the year to its current price-bounded range between $6300 – $6500. While most crypto investors lament the lack of price appreciation for the coin, which has retraced almost all of the gains experienced in the second half of 2017, others see the dropping volatility as a strong indicator for the long-term health of the crypto markets.