Bitcoin (BTC) volatility climbed to 3.6% on March 19 — the highest point since August 2024, according to data from CoinGlass.
The volatility reflects heightened market uncertainty amid structural unknowns in the US economy, according to Uldis Tearudklans, chief revenue officer at UK-based cryptocurrency exchange Paybis.
“The policy landscape is becoming more complex with the emergence of Elon Musk’s Department of Government Efficiency,” Tearudklans said. “While the initiative to reduce government spending has bipartisan backing, the broader economic effects — particularly on employment and consumer demand — remain difficult to quantify.”
The Department of Government Efficiency claims to have generated an estimated savings of $115 billion for the US government as of March 19. The alleged savings include workforce reductions, asset sales, grant cancellations, and regulatory savings.
Bitcoin volatility history from March 2013 to March 2025. Source: