The American Institute of economic research (AIER) has studied the dynamics of bitcoin price since 2013 and found that on the daily timeframe the first cryptocurrency is less volatile than Ethereum, Ripple, Bitcoin Cash and Litecoin.
Aier used data from the analytical resource CoinMarketCap to determine the weighted average percentage change in the price during the day.
So, over the past five years, the average daily fluctuation in the price of bitcoin has always been less than the other four crypto-currencies. The researchers also used the coefficient of variation to test the data again.
In 2013, the weighted average daily price change of XRP exceeded the bitcoin indicators by five percentage points, but in 2016 the difference was less than 1%.
It is noteworthy that in 2018, the corresponding indicators of volatility of bitcoin, Ripple and Litecoin increased compared to 2016, and Ethereum — decreased.
At the same time, for each cryptocurrency analysts have calculated the number of days in a year when the price of the asset increased or fell by more than 10%. Bitcoin Cash was the most volatile, and bitcoin again showed the lowest values.
We will remind, earlier startup Chainalysis the study of bitcoin wallets has concluded that the group of 1600 addresses controls one-third of all the coins on the market.
In April of this year, Chainalysis determined that there are only 1600 wallets containing more than 1000 BTC. Together, these anonymous addresses hold almost 5 million coins, which is the third part of the entire bitcoin market without taking into account inactive wallets, the funds on which in some cases are considered irretrievably lost (from 2.3 million BTC to 3.7 million BTC). So, only 100 addresses contain from 10 000 to 100 000 BTC BTC.
Moreover, analysts have concluded that long-term bitcoin investors, known as cholera, in the period from December 2017 to April this year sold the first cryptocurrency for $30 billion.
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