The annualized volatility of the total market value of cryptocurrencies in the second quarter of 2024 is higher than that of the SP 500
Odaily2024/07/20 12:21
By:Odaily
Odaily News CoinGecko published an article on the X platform stating that the total market value of cryptocurrencies fell by 14.4% ($408.8 billion) to $2.43 trillion in the second quarter of 2024, basically fluctuating between $2.30 trillion and $2.90 trillion. While the
cryptocurrency market fell, the SP 500 rose by 3.9%, causing the correlation between the cryptocurrency market value and the SP 500 to drop significantly, from 0.84 in the first quarter to 0.16 in the second quarter. In addition, cryptocurrency volatility remained high in the second quarter, with the annualized volatility of the total market value reaching 48.2% and the annualized volatility of
Bitcoin reaching 46.7%. In contrast, the volatility of the SP 500 is much lower, at 12.7%.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet
Cointelegraph•2024/09/06 00:43
“Blueprint” for ApeChain Success Drops: A Beacon of Hope for ApeCoin?
Dailycoin•2024/09/06 00:15
Was Bitcoin’s March Record “First Peak” or “Last Peak”? Here’s How Analysts Responded
Bitcoinsistemi•2024/09/05 23:39
Telegram CEO Pavel Durov Releases a Breaking Message
Bitcoinsistemi•2024/09/05 23:39
