Bitcoin is now less volatile than S&P 500 and Nasdaq

Cointelegraph

Published Nov 05, 2022 06:10AM ET

Updated Nov 05, 2022 09:40AM ET

Bitcoin (BTC) held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high.

U.S. dollar index (DXY) 1-day candle chart. Source: TradingView
BTC/USD annotated chart. Source: Michaël van de Poppe/ Twitter
Bitcoin vs. S&P500 vs. Nasdaq Composite Index volatility chart. Source: Yassine Elmandjra/ Twitter
BTC/USD volatility vs. EUR, GBP chart (screenshot). Source: ARK Invest

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