Bitcoin (BTC) has tended to look “boring” in 2019. But the coin has regular, dramatic price moves, exceeding 20% per day. This behavior has continued since BTC moved into the mainstream.
Bitcoin Surprise Moves Happen Despite Overall Low Volatility
Bitcoin saw volatile days from 2017 until now, with 20 occasions of price moves above 20%. This excludes lesser, but also significant price swings. The moves in either direction had various causes, ranging from the initial crash from all-time highs, to short-term rallies. The list includes the latest 42% price swing in October.
— Ceteris Paribus (@ceterispar1bus) December 19, 2019
Positive price swings were most common toward the end of 2017, when the bitcoin climb marked a series…