Bitcoin Trading Sure Is Volatile

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

I was puttering around this morning looking at the latest price for bitcoin, and I happened to switch over from a chart of closing prices to a box-and-whisker plot. Here’s what it looks like:

Two things jump out at me. First, trading this week—and for the past month—has been wildly variable. Over the course of just a few days, bitcoin trades have ranged from $10,000 to $16,000. That’s a huge range, and suggests quite a bit of trading friction.

Second, for four straight weeks the low trade has been at precisely $10,000. What’s up with that? Does it have something to do with the start of futures trading on December 10?

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate