Crypto investment management company Matrixport released its latest weekly report. The report stated that Bitcoin’s 30-day realized volatility has risen above 60 percent, exceeding its long-term average.
Bitcoin’s 30-Day Realized Volatility Hits 62 Percent
According to Matrixport’s report Bitcoin $55,763.36’s 30-day realized volatility rose to 62 percent, exceeding its long-term average of 58 percent. Historically, periods of realized volatility exceeding 70 percent have been short-lived, and such increases are profitable opportunities for traders who sell implied volatility at high levels. Conversely, buying volatility tends to be advantageous only when realized volatility falls below 30 percent. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Since June 21, the price of Bitcoin has fallen by 12 percent, paralleling historical patterns where the cryptocurrency market typically declines during the summer months, followed by increased volatility. This trend in price is expected to continue, especially with several upcoming major events that could significantly impact Bitcoin’s market dynamics.
On the other hand, in the US presidential elections Donald Trump‘s win or the President Jerome Powell Under his leadership, the Fed’s change in monetary policy and the start of warming up the economy may create a bullish environment for the largest cryptocurrencies and altcoins.
Cryptocurrency Investors’ Eyes on September Events
The countdown is on for critical developments that could affect Bitcoin’s price and market sentiment within the month. These include, in particular, the announcement today US job market dataSeptember 10th between Kamala Harris and Trump presidential debate and the Fed’s decision on September 18 interest rate decision All of these events are seen as key factors that will shape the short-term course of the market ahead of the US presidential election on November 5.
While the cryptocurrency market remains unpredictable BTCThe price of ‘s has decreased by 1.46 percent in the last 24 hours, below the $ 56,000 threshold, and is traded at $ 55,946. The total market value has decreased by 1.39 percent during this period, falling below $ 2 trillion.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
