The Dow Jones Stock Index is Now More Volatile Than BTC

The Dow Jones Stock Index is Now More Volatile Than BTC
  • Recent trading has seen stocks and bitcoin (BTC) coexist.
  • Now, the Dow Jones stock index fluctuates more than Bitcoin.
  • Currently, Bitcoin is consolidating below the $20,000 level.

With both asset classes facing prevalent macroeconomic conditions, like soaring inflation and interest rate rises, Bitcoin (BTC) has recently traded side by side with equities. However, as the leading cryptocurrency exhibits symptoms of decoupling from equities, Bitcoin’s volatility seems to be calming down in comparison to conventional stocks.

In particular, Bitcoin was less volatile as of October 7 than the Dow Jones index, which covers the 30 biggest industrial firms.

Given that it is one of the most volatile assets, Bitcoin’s most recent success shows how the asset is developing. Notably, supporters have argued that as Bitcoin develops and gains more popularity, it will become less volatile and trade like more conventional assets.

To 29,296.79, the Dow Jones Industrial Average dropped 630.15 points or 2.1%. To 3,639.66, the S&P 500 fell 2.8%. The Nasdaq Composite dropped 3.8% to 10,652.41, only 1% above its yearly low.

In general, volatility has traditionally harmed Bitcoin, while conventional financial markets are often considerably more stable. The change in volatility, however, may be linked to Bitcoin’s decline from the record highs, which have caused the commodity to trade in a narrow range of around $20,000 for weeks.

While bulls and bears struggle for dominance, Bitcoin continues to consolidate below $20,000 at this moment. At the time of publication, the asset had 24-hour losses of less than 1% and was trading at $19,485 according to

The less volatile nature of Bitcoin has also been apparent in the aftermath of a strong dollar, which caused other fiat currencies to depreciate in value relative to the dollar. In this context, the rising dollar together with the plummeting commodity prices may have a negative effect on stock portfolios.

Bitcoin has maintained stability, nevertheless, since investors in some areas use it as a buffer against sharp price increases.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer