The researchers found that the volatility of bitcoin is lower than Nasdaq and gold
Date: 2023-08-07 Author: Karina Ziganova Categories: BLOCKCHAIN, CRYPTO PAYMENTS
Currently, 30-day bitcoin volatility is near a five-year low, at levels that have only been observed for eight days since January 2019, wrote in KZZ report. However, when bitcoin volatility becomes less intense, it has historically been followed by periods of high volatility.
This suggests that the current period of low volatility may end soon and we may see more significant price fluctuations.
According to Lunde, several upcoming events or known catalysts, including the SEC's reaction to bitcoin exchange-traded funds (ETF) applications from Ark 21Shares, BlackRock and others, could lead to bitcoin volatility in the coming weeks and months.
I expect all active filings to be delayed, at least until Grauscale's current litigation against the SEC is complete.
Thus, I expect that the impact of these events on volatility will be less strong for the market.
However, I am in favor of maintaining significant positions in BTC and more aggressive accumulation during the summer in cases of a quick verdict.
