BTC price volatility fell to a 23-month low, and 70% of cryptocurrency owners use them to pay for goods and services

BTC Price Volatility Drops To 23-Month Low

The 180-day volatility of the first cryptocurrency dropped to a record 0.028, the lowest level since November 2018.

According to Coin Metrics, it has dropped by 43% in the past 30 days. Last week, some events could greatly affect the value of bitcoin: the indictment of the BitMEX exchange and the detection of the coronavirus in US President Donald Trump.

However, this led to a fall in prices by less than 5%, and the cryptocurrency has already regained some of the lost positions. An uncharacteristic calm continues in an unstable and volatile market, notes Coindesk analyst Zach Voell.

Poll: more than 70% of cryptocurrency use them pay for goods and services

The BlockCard Company surveyed 35,000 crypto investors. It turned out that more than 70% of them used cryptocurrency to pay for goods or services in the past year.

Most often (12.6%) digital currency was used to pay for entertainment, 11% of respondents spent it on groceries, 8.4% on clothes, and 5% on paying rent. It should be noted that 77% of respondents continue to build up their crypto assets.

The majority of survey participants (59%) reported that they spent $100- $ 10,000 in cryptocurrency last year, more than $10,000 was spent by only 12% of respondents.