Bitcoin now less volatile than Nasdaq, S&P 500 and gold; 'eruption is near' says K33 Research
Bitcoin’s current lower volatility compared to Nasdaq, S&P 500 and gold suggests that a potential eruption in price swings is imminent, according to K33 Research.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Bitcoin has displayed a rare feat of stability, with its 5-day volatility falling below that of major traditional assets like Nasdaq, S&P 500 and gold, according to crypto research firm K33 .
"My short-term thesis is that the market's volatility pressure is about to climax and that an eruption is near," Vetle Lunde, senior analyst at K33, said in the report."The tricky job is to build an informed view of when the pressure gets too strong."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks open higher as S&P 500, Nasdaq headed for fifth straight monthly gainU.S. stocks opened higher on Monday, the final session of July, as the three main indexes appeared poised for sizable monthly gains. The Dow Jones Industrial Average was little-changed at 35,470:
Read more »
U.S. stocks finish higher as S&P 500, Nasdaq climb for 5th straight monthU.S. stocks finished higher on Monday, while the S&P 500 and Nasdaq Composite capped off July by recording their fifth-straight month in the green — the...
Read more »
S&P 500, Nasdaq notch modest gains Monday, rise for the fifth straight month: Live updatesStocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month. The Dow rose 0.28% The S&P 500 was up 0.15% The Nasdaq gained 0.21%
Read more »
Bitcoin price drops below $29,000 after judge casts doubt on Ripple rulingBitcoin is less volatile than the Nasdaq, the S&P 500 and even gold, as 30-day volatility approaches 5-year lows, a report claimed.
Read more »
Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide – Markets and Prices Bitcoin NewsBitcoin-based NFT sales have stumbled this week, finishing seventh in the last seven-day stretch out of close to two dozen blockchains. Ordinals
Read more »
Curve Finance's Token Surges 500% on Bithumb After Major ExploitThe CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
Read more »