Bitcoin has traded in a consistently tight range as of late with price volatility reaching a year-to-date low this past month. To compare how bitcoin volatility now measures against traditional financial asset classes, we compared 20 day historical price volatility between TradeBlock’s XBX index prices and several popular US equity benchmarks. As bitcoin volatility continues to trend lower, equities have recently seen spikes in volatility as US stocks saw large intraday price declines in recent weeks. In the figure below, we compare price volatility between the XBX index, the Nasdaq composite, the S&P 500 index (SPX), and the Small Cap Information Technology index. Using these metrics, we found that recently, XBX volatility has fallen below that of the Nasdaq Composite and Small Cap Tech, while still remaining marginally higher than that of the S&P 500.

https://tradeblock.com/blog/the-hard-fork-weekly-market-commentary-3