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A recent report by Arcane Report showed that Bitcoin volatility last Thursday was as high as it has not been since May 2021. In this analysis, the average hourly high-low difference of the digital asset in both the spot and perpetual markets was used. The result was that volatility last Thursday was at a level last recorded in May 2021, a time when the market was going through a period of slumps and crashes.
The hourly average of the high and low prices on May 12 showed a deviation of 3.68% in the spot market. For comparison, the last time such a level was recorded on May 20, 2021. However, this is not the highest value that volatility has ever reached.
At the beginning of 2020, volatility was much higher in view of market movements. The most volatile day for Bitcoin would be recorded later in March of the year. March 13, a memorable day for investors, has been called the most volatile day for the Bitcoin price. The deviation on the spot market in the hourly average was up to 11.91%. However, 2021 was one of the most volatile years for the digital asset, in which the deviation reached a peak of 6.81%.
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