Bitcoin’s price volatility dropped to its lowest in more than a year in July, according to multiple measures of these fluctuations.
The cryptocurrency’s annualized 60-day volatility fell to 28.53% on July 30, according to figures compiled by investment manager Blockforce Capital.
At this point, the measure was at its lowest value since August 28, 2023, additional figures provided by Blockforce Capital reveal.
The digital currency’s annualized 30-day volatility also reached its lowest in over a year last month, dropping to 25.26% on July 23. At this level, the measure was at its most subdued value since October 15, 2023.
The chart below helps illustrate these developments:
The world’s most prominent digital currency experienced these shifts in volatility during a month where its price fluctuated between less than $105,000 and more than $122,750, Coinbase figures from TradingView reveal.
It is also worth noting that these measures of bitcoin volatility fell to their lowest in over a year in a month where the crypto space in general benefited from significant progress.
Over the course of July, the U.S. House of Representatives passed three separate bills providing cryptocurrency regulations, and one of them, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), was signed into law by President Donald Trump.
Past that, the House declared “Crypto Week” starting on Monday, July 14.
The crypto space benefited from additional progress during the month, as the U.S. Securities and Exchange Commission released guidance on exchange-traded products (ETPs) on July 1, which some experts predicted would result in a landslide in applications for these products.
SEC Commissioner Hester Peirce extended an olive branch to the crypto/blockchain space when she issued a statement on tokenizing securities on July 9, which invited industry participants to meet with members of the agency.
All in all, the crypto space’s regulatory backdrop became a bit more clear, making it easier for entrepreneurs, investors and other industry participants to make well-informed decisions.