At around $29,854, the price of Bitcoin displays slight movement within a narrow range. The futures markets' tranquility contributes to the present price stability.
Bitcoin price sees record-low volatility
While Bitcoin has had similar periods of sideways trading during the 2016 and 2019 cycles, the realized volatility of 2023 has reached multi-year lows. The 1-year realized volatility metric hit levels not witnessed for Bitcoin price since December 2016.Lowered realized volatility is coinciding with muted BTC futures and options trading volume. Bitcoin derivatives are not the only major crypto asset approaching all-time lows in volume. Ethereum derivatives markets fell below Jan.
“Market depth for BTC is pushing yearly lows, and in periods of low liquidity, we tend to see more short-term volatility, both to the upside and the downside. As always, we have to step back and examine the bigger picture. Looking further ahead, the setup for a rally as we head into the next BTC is halving is certainly there. All the fundamentals are looking positive when examined on a longer timeframe, and coupled with the potential of a spot ETF approval, sentiment could definitely pick up.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Aramco Q2 profit down 38% to $30 blnSaudi Arabian state oil giant Aramco on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals.
Weiterlesen »
Aramco Q2 profit down 38% to $30 billionSaudi Arabian state oil giant Aramco reported on Monday a near 38% drop in second-quarter net profit on the back of weaker oil prices and thinner refining and chemicals margins.
Weiterlesen »
Cathie Wood predicts SEC simultaneously allowing multiple spot crypto ETFs: ReportARK Investment Management founder and CEO Cathie Wood predicts another delay in the approval of a spot Bitcoin ETF application by the SEC. This prediction aligns with a proposal by Grayscale, the company currently suing the SEC over its refusal to accept an application for its Bitcoin Trust to be converted to a spot Bitcoin ETF. Grayscale's legal team has requested the SEC to approve all proposed spot Bitcoin ETFs at the same time to prevent any advantage for one over another.
Weiterlesen »
Olivia Culpo Wows in a White Dress — Our Similar Pick Is $28Channel Olivia Culpo in a white designer mini dress with our similar pick from Amazon for under $30 — details
Weiterlesen »
Wind Industry Hits Rough Seas as Problems MountThe wind business, viewed by governments as key to meeting climate targets and boosting electricity supplies, is facing a dangerous market squall
Weiterlesen »
BTC price meets CPI as volatility 'collapses' — 5 things to know in Bitcoin this weekBitcoin combines CPI with steady reaccumulation with BTC price still lacking volatility.
Weiterlesen »