Bitcoin's least volatile month ever? BTC price ends February up 0.03%
In dollar terms, BTC price action at the end of February versus the start was unlike any other month. Bitcoin (BTC) moved just 0.03% last month in U.S. dollar terms, making February 2023 likely its least volatile in history. Data from Coinglass from after the monthly close confirms that BTC/USD went practically nowhere for four weeks straight. Bitcoin monthly candle barely leaves a trace To say that Bitcoin is less volatile than it was is something of an understatement when it comes to February. Despite its ups and downs, mostly due to macroeconomic data, BTC price action finished the month almost exactly where it began at around $23,500. That means that Bitcoin was more stable than a raft of mainstream assets, including stocks, commodities and, of course, major world currencies. This is no mean feat for cryptocurrency, with Bitcoin often criticized as a poor store of value owing to its sometimes intense volatility. Nonetheless, following January’s 40% gains, bulls held down the for...