In financial terms, volatility is a statistical metric used to assess the degree of variation in the trading price of an asset or market over time. Higher dispersion or more frequent price swings indicate elevated volatility, whereas lower fluctuations suggest a more stable asset. Within the cryptocurrency sector, volatility remains chronically high, categorising the asset class as a high-risk investment vehicle. One effective method of interpreting this volatility is through the analysis of return distributions. As illustrated in Figure 1, the return distribution for Bitcoin—the market’s primary benchmark—exhibits ... (full story)