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Dow Jones is now officially more volatile than Bitcoin

Dow Jones is now officially more volatile than Bitcoin
Paul L.

In recent months, Bitcoin (BTC) has traded in tandem with stocks, with both asset classes battling prevailing macroeconomic factors led by skyrocketing inflation and interest rate hikes. However, Bitcoin’s volatility appears to cool down compared to traditional stocks as the flagship crypto shows signs of decoupling from equities. 

In particular, as of October 7, the Dow Jones index that tracks the 30 largest industrial stocks was more volatile than Bitcoin, data shared ZeroHedge indicates

Dow Jones/Bitcoin volatility chat. Source:ZeroHedge

Bitcoin’s latest achievement highlights the asset’s maturing nature considering it has been classified among the most volatile investments. Notably, proponents have maintained that once Bitcoin matures, characterized by increased adoption, the asset will be less volatile and trade like traditional assets.

Bitcoin’s historical volatility

Overall, Bitcoin has historically been marred by volatility, but traditional financial markets are usually much more stable. However, the shift in volatility can be attributed to Bitcoin’s retreat from the all-time highs that have seen the asset consolidate around $20,000 for weeks.

In this case, the level is being treated as a temporary bottom for Bitcoin after the impressive bull run that culminated in an all-time high of almost $68,000 in late 2021. 

At the same time, Bitcoin’s less volatility has emerged in the wake of a strong dollar that saw global fiat currencies lose value compared to the U.S. currency. In this line, the rising dollar can potentially negatively impact stock portfolios alongside crashing commodity prices. 

However, Bitcoin has maintained stability, with investors in some regions turning to the asset as a hedge against skyrocketing prices. 

In the meantime, Bitcoin continues to consolidate below $20,000 as it bears and bulls tussle to gain control. By press time, the asset was trading at $19,500 with losses of less than 1% in the last 24 hours. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.


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