Bitcoin Price Surges Above $110,000 as Volatility Drops to October 2023 Levels
Bitcoin has seen a remarkable price surge recently, climbing to $112,872.78—an increase of 1.15%. What's particularly notable is that implied volatility has decreased to 36.5%, levels not seen since October 2023 when Bitcoin was trading below $30,000.
Currently, Bitcoin's price is fluctuating between $110,000 and $120,000, demonstrating a strong upward momentum compared to last year.
This drop in volatility suggests that Bitcoin's market behavior is increasingly reflecting stock market dynamics, with changes in how price and volatility interact. Since November, Bitcoin's implied volatility has been declining steadily while its price has surged impressively from around $70,000 to over $110,000.
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