Here’s A Look At How Bitcoin’s Volatility Rose Over The Past Three Months And Caused Crypto Liquidations
- The volatility of Bitcoin has surged, reaching a three-month peak in recent analysis.
- Growing buying momentum suggests an imminent price surge for the cryptocurrency.
As election day in the US approaches, various market sectors are reacting. Notably, cryptocurrencies are feeling the pressure as well. Consequently, Bitcoin’s volatility has surged to its highest point within three months. The pressing inquiry now is: will it significantly impact market dynamics? Will the US elections sway cryptocurrency trends? Crypto market volatility started gaining traction ahead of anticipated electoral outcomes. According to data from AskFX, crypto market volatility skyrocketed recently, hitting 66.7 at this report’s time of writing.This increase was expected as Bitcoin reached unprecedented levels of instability over these past months.
A noteworthy finding surfaced from the volatility chart; a distinct pattern emerged which first appeared in July and has persisted since then.
Your attention is drawn toward BTC’s current volatility level testing significant resistance with a reading recorded at 63.72. Should it surpass this resistance barrier post-election results, increased fluctuations could occur for investors.
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