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Top asset management team helps you profit without hassle
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Bitcoin's Volatility Meltdown: Crypto Daybook Americas
Source: CryptoNewsNet Original Title: Bitcoin’s Volatility Meltdown: Crypto Daybook Americas Original Link: https://cryptonews.net/news/analytics/32127409/ Bitcoin, the leading cryptocurrency by market value, continues to trade directionless above $90,000, with implied volatility in meltdown as the year end approaches.
Volmex’s BVIV, which tracks bitcoin’s options-based 30-day implied volatility, has dropped to an annualized 45.10%, the lowest since Nov. 10. That’s down from a peak of 65% observed on Nov. 21.
Coins like ZEC and AAVE have gained over 9% in the past 24 hours, outpacing BTC and ether. HYPE, TAO and SUI are up over 5% while KAS and TRX are down over 1%. The CoinDesk 20 and CoinDesk 80 Indices are up over 2% each, pointing to some bullishness in the broader market.
Analysts say they expect the choppy price action in BTC to continue.