On-chain analysis indicates that Bitcoin market volatility is at its lowest ever period. Crypto analysts have been monitoring historical BTC volatility levels, and they have bottomed out.
Volatility is not the only metric that has tanked for Bitcoin. The network hash rate is also declining sharply; however, the two are not necessarily connected.
According to Blockchain.com, hash rates fell to 229 TH/s (terahashes per second) on Dec. 25. This represents a decline of 16% from the all-time high in early November.
(By Martin Young)
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