This article was originally published as: Bitcoin’s Highest Volatility Trend Analysis Since the COVID-19 Crash: Way out to FinTech Perspective
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Abstract
This research finds that the bitcoin’s (BTC) volatility is higher than normal. Bitcoin’s realized volatility has reached the levels as high as March-2020, the duration of month in which Bitcoin crashed for COVID. During bull runs, price fluctuations are the more common because investors cash out next to different points. More enormous volatility creating greater magnitude of change in prices of the bitcoin. It is implicit that this downward can go to upward eventually. Despite bitcoin’s explicit volatility, it has already outperformed the other assets, such as the gold, during previous year. Overall this volatility of bitcoin is chronologically going down: as price and the market cap of cryptocurrency has already increased over time, the explicit volatility of this asset shows fluctuating trend. During previous year, Bitcoin along with other cryptocurrencies are at upward but fluctuating trend and performing comparatively better opposite to traditional. This study finds way out to remedy through fintech perspective for volatility to overcome.
Authors
- Maria Afreen (Faculty of Economics and Business University Malaysia Sarawak, Malaysia)
Keywords
FinTech, COVID, Bitcoin, Digital Currency, Blockchain
References
References not available for this article.
