Bitcoin volatility drops below that of South Korean stock market

Bitcoin's price volatility is now lower than that of the South Korean stock market, BeInCrypto reported on Aug. 3, citing Bloomberg data. The publication noted that this year, the standard deviation of daily fluctuations for the KOSPI index has been 63%, while Bitcoin's has been only 48%. This metric measures how much daily returns deviate from their average, indicating the degree of market turbulence. BeInCrypto added that this lower volatility for Bitcoin stems from its steady downtrend since reaching an all-time high in October of last year, with its price down approximately 29% year-to-date.