Gold Turns Wilder Than Bitcoin as Volatility Explodes to 2008 Levels | US Crypto News
Gold's 30-day volatility has spiked past Bitcoin's, reaching levels not seen since the 2008 financial crisis.Summary
Gold has recently experienced extreme market turbulence, with its 30-day volatility surging to 48.68, surpassing Bitcoin's current volatility of around 39% and reaching levels not seen since the 2008 financial crisis. This volatility followed gold's sharpest plunge in over a decade, which included a nearly 10% single-session drop. The wild swings are attributed to broader macroeconomic uncertainty, geopolitical instability fears, and concerns over currency debasement, driving investors toward precious metals. Following the dip, gold staged a dramatic rebound, surging 17% in 48 hours and adding nearly $6 trillion to the precious metals market cap (including silver). Analysts note that gold remains severely under-owned and is maintaining its safe-haven status, being up roughly 66% year-on-year, while Bitcoin is down over 20% in the same period.
(Source：BeInCrypto)