• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Bitcoin Becomes Less Volatile than Emerging Fiat Currencies; Moon Ahead?

Yashu Gola by Yashu Gola
8 months ago
in Bitcoin
Reading Time: 3min read
Bitcoin Becomes Less Volatile than Emerging Fiat Currencies; Moon Ahead?

Bitcoin Becomes Less Volatile than Emerging Fiat Currencies; Moon Ahead?

Advertisement
Nexo Logo
Listen to Article
  • A notoriously volatile Bitcoin is now less risky than emerging fiat currencies, according to the latest data readings.
  • Charts on Woobulll show bitcoin’s volatility heading below that of the EM currencies.
  • The data appears as fresh polls predict a depressive year for the fiats of key emerging markets, including South African rand, Mexican peso and Brazilian real.

The volatility of Bitcoin dropped below that of emerging market (EM) currencies for the third time since 2012, according to the graphical data provided by Woobull.

bitcoin, cryptocurrency, volatility, btcusd
Bitcoin Volatility pitted against traditional markets | Source: Woobull

The chart showed bitcoin’s seesaw price behavior taking a break ahead of its much-hyped halving event. Traders reduced their day-to-day exposure in the bitcoin market after withdrawing large amounts of cryptos from their exchange wallets. That soon followed bitcoin’s mean-transaction volume plunging to its lowest since March 2020.

The trend shows bitcoin’s short-term move from a risky asset to more of a store-of-value. On the trade front, the cryptocurrency was consolidating sideways – stuck between a $9,000-$9,300 range.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

EM Currencies Turn Risker to HODL

In comparison, EM currencies experienced larger price swings against their safe-haven, the US dollar. A Reuters poll found developing nations suffered double-blow in the form of the Coronavirus pandemic and the renewed trade war front between the U.S. and China.

The demand for the U.S. dollar surged among the global central banks as their economies came to halt after Coronavirus-induced lockdowns. As a result, the greenback strengthened against a string of national currencies.

https://www.youtube.com/watch?v=dZa1eTYur4k

A majority of poll respondents expected the EM currencies volatility to rise, soon after China’s yuan fell to its one-month low on Wednesday. The Indian Rupee, battered by slowing growth and a two-month-long lockdown, also plunged. So did the South African Rial, Mexican peso and Brazilian real.

Mike Keenan, a currency strategist at Johannesburg-based Absa Capital, told Reuters that investors typically use low-yield EM currencies as a hedging strategy.

“Volatility is still high from the peaks of last month. It will only subside further if we get a bit more improvement in the COVID situation and (so long as) any kind of tensions between the U.S. and China don’t flare up,” he added.

Bust then Boom for Bitcoin

Prominent derivative trader and crypto host Tyler D Coates highlighted an interesting correlation between the volatilities of bitcoin and EM currencies. The anecdote showed the cryptocurrency undergoing a huge sell-off followed by a bottom formation. Nevertheless, the price rebounded later.

bitcoin, cryptocurrency, volatility, btcusd
Anecdotal relationship between Bitcoin and EM currencies | Source: Woobull, Tyler D. Coates

“Looks like this has happened twice since 2012,” wrote Mr. Coates. “The last two times led to a selloff and then a bottom. This would line up rather nicely with a post halving dump and then the moon.”

Photo by Jason Leung on Unsplash


Since you’re here… Take advantage of the trading opportunities with Plus500

Risk disclaimer: 76.4% of retail CFD accounts lose money.

Tags: bitcoinbtcusdcryptocurrencyvolatility
TweetShare
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Related Posts

bitcoin dark web monero

Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero

20 hours ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

1 day ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Logs Revenge Recovery as Lagarde Calls for Global Regulation

2 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Flickers Near $35,000 as Bond Yields Drop; A Detailed Outlook

2 days ago
bitcoin bar new york

Landmark Real Estate Listing Offers Two New York Bars For 25 Bitcoin

3 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Paints Predictive Death Cross as Price Tops Out Near-Term

3 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

SV-based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

January 15, 2021

Kickoff Your DeFi Journey With YOYO FINANCE – Their Token Sale Is Live

January 14, 2021

RAI Finance Pre-sale Finishes in 1 Minute

January 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.