What is bitcoin beta?

In the realm of cryptocurrency and finance, alpha represents a coveted metric. It signifies an investment's ability to outperform its benchmark, indicating superior performance.

Understanding Bitcoin's beta is vital in assessing its risk-return profile. It provides insights into how volatile the cryptocurrency is and how its performance is likely to correlate with broader market movements.

Conversely, beta measures the volatility or risk associated with an investment. It gauges the relative risk of an asset in comparison to its benchmark.

Among the various platforms and exchanges that facilitate cryptocurrency trading, BTCC stands out as a reputable option. Based in the UK, BTCC offers a comprehensive range of services including spot trading, futures contracts, and digital wallets.

When it comes to Bitcoin, its beta stands at 0.90. This figure holds significant implications for investors. It indicates that Bitcoin's returns are closely aligned with the market's overall performance.