According to The Block, Bitcoin’s 30-day annualized price volatility is currently at 15.5%, an all-time low.
This compares to an average annualized 30-day volatility of 61.4% for the digital asset in 2022 and an average of 43.8% for this metric so far in 2023.
The low volatility in prices coincided with a drop in trading volumes, with just $1.88 billion in bitcoin traded across major exchanges on Sunday, a drop that meant traders were less active in the market.