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Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, Data Shows

Samuel Edyme
Samuel Edyme
8 months ago
4 mins read
Ethereum Volatility Surpasses Bitcoin by 30%

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Created by industry experts and meticulously reviewed
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Este artículo también está disponible en español.

Despite Bitcoin (BTC) and Ethereum (ETH) still struggling to reclaim their all-time highs, there appears to be a distinct fact amongst both assets now, as shown in the latest data.

Particularly, according to Matrixport’s recent report, Ethereum is now displaying greater price fluctuations compared to Bitcoin in the past weeks.

Related Reading

Ethereum Price Gains Strength

Ethereum Price Gains Strength, Outpaces Bitcoin With An 8% Surge

8 months ago

Ethereum’s Volatile Outpacing Bitcoin’s

Volatility measures the price variations of an asset over time, with higher volatility indicating more significant price changes. According to data from Matrixport, the 30-day realized volatility spread between ETH and Bitcoin typically ranges from 1.0 to 1.5.

#Matrixport 📈Today-Aug 13: #Ethereum’s Volatility Surpasses #Bitcoin’s#Cryptoassets #cryptomarket #BTC #ETH pic.twitter.com/QoKsuLUrAH

— Matrixport Official English (the only official X) (@Matrixport_EN) August 13, 2024

This means that Ethereum’s price movements have been up to 50% more erratic than that of Bitcoin, suggesting that Ethereum may offer a riskier market for investors.

This increased volatility is evident in the way Ethereum reacts to market stimuli. Over recent weeks, Ethereum has shown volatility levels higher than Bitcoin.

Ethereum vs Bitcoin volatility spread
Ethereum vs Bitcoin volatility spread. | Source: Matrixport

This distinction has become particularly notable since the onset of the latest bull market, with Ethereum’s price experiencing more drastic shifts.

These rapid changes can significantly impact investment strategies, as Ethereum’s larger peaks and troughs present different risk and reward scenarios compared to the relatively more stable Bitcoin. Matrixport noted in the report:

Due to Ethereum’s underperformance since the start of this bull market, this higher volatility has made it a less appealing asset. However, as long as the volatility ratio stays within this range, buying Ethereum volatility at the lower end could present an attractive opportunity.

Bitcoin And Ethereum Performance

Meanwhile, over the week, both assets appear to be almost mirroring each other in price performance, with BTC rising by 7.5% and ETH by 7.9%.

However, there has been a noticeable difference in the performance of the past 24 hours. Over this period, Bitcoin has surged by 2.8% to reclaim its $61,000 price mark. On the other hand, Ethereum has increased by only 1.2%, reclaiming its price mark above $2,700.

Related Reading

Is Now the Time to Buy Bitcoin?

Is Now the Time to Buy Bitcoin? Top Analysts Predict $150K Surge On The Horizon

8 months ago

The technical outlook on Bitcoin shows that the asset has now validated the setup of a potential rebound to higher levels.

#BTC

Bitcoin has successfully retested the Channel Bottom as support (green circle) to confirm a reclaim of the Channel overall$BTC #Crypto #Bitcoin https://t.co/CKXDAAOA9v pic.twitter.com/ZCTQtKw580

— Rekt Capital (@rektcapital) August 13, 2024

Meanwhile, the technical outlook suggests that ETH might still be stuck. Crypto analysis platform known as More Crypto Online on X noted:

Clearly, Bitcoin is leading today. Ethereum is still stuck in the range but might try an upside breakout from here.

Ethereum chart shared by More Crypto Online on X
Ethereum chart shared by More Crypto Online on X

Featured image created with DALL-E, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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