Bitcoin’s Volatility Dips to Multi-Year Low: Is It Becoming a Safe Haven Asset?

Bitcoin’s price fluctuations are calming down, signaling a potential shift towards a more stable asset class. This unprecedented calm is reflected in the cryptocurrency’s 30-day volatility, which has sunk to levels not seen in nearly five years. Notably, Bitcoin’s recent surge has coincided with a marked decrease in volatility, indicating a move away from its erratic past.