• February 2023 was Bitcoin’s least volatile month ever, with BTC price ending the month up just 0.03%.
• This is no mean feat for cryptocurrency, which is often criticized as a poor store of value due to its volatility.
• No other month has come close to February 2023 in terms of stability, making it the least volatile month on record.
Bitcoin Experiences Least Volatile Month Ever
In dollar terms, February 2023 was unlike any other month in Bitcoin’s history; BTC/USD moved just 0.03% last month making it the least volatile month ever. Data from Coinglass after the monthly close confirms that Bitcoin went practically nowhere for four weeks straight.
No Mean Feat For Cryptocurrency
This is no mean feat for cryptocurrency, with Bitcoin often criticized as a poor store of value owing to its sometimes intense volatility. Despite its ups and downs, mostly due to macroeconomic data, BTC price action finished the month almost exactly where it began at around $23,500.
February 2023 Is Most Stable Month On Record
More than that, according to the Coinglass figures, no month has come close to February 2023 in terms of stability, making it the least volatile month on record. March has already changed the trend however with BTC/USD up around 2.9% at the time of writing according to data from Cointelegraph Markets Pro and TradingView.
Bitcoin Holds Its Own Against Mainstream Assets
The low volatility also means that Bitcoin held up against a raft mainstream assets including stocks commodities and major world currencies – all while gaining 40% in January!
Conclusion
Overall this article shows that despite its reputation for being highly volatile Bitcoin managed an unprecedented period of stability throughout February 2023 – holding onto nearly every satoshi gained during January’s bull run and showing itself capable of competing with mainstream assets despite its unpredictability.