Bitcoin Stays Calm as Volatility Hits Treasuries

A cryptocurrency automated teller machine (ATM) shows the Georgian Lari price of Bitcoin in a shopping center in Tbilisi, Georgia, on Monday, July 25, 2022. A buzz is building in crypto-investor circles and on Twitter about Bitcoin’s stealth July rally, which has beleaguered investors starting to ponder whether the largest digital asset has found a bottom. Photographer: Valeria Mongelli/Bloomberg , Bloomberg

Sunil Jagtiani, Bloomberg News

Oct 6, 2022

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(Bloomberg) -- The ratio between a gauge of expected volatility in Bitcoin and a similar measure for Treasuries has dropped to around a one-year low. The pattern between the the T3 Bitcoin Volatility and ICE BofA MOVE indexes reflects range-bound trading in the largest token since a June nadir despite major gyrations in bonds that act as a benchmark for global borrowing costs. The question is how long the infamously capricious Bitcoin will stay relatively becalmed when tightening monetary policy is stoking intense cross-asset swings.

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