BREAKING
305d 4h ago

Bitcoin Volatility Drops to 2.54% as Market Enters Calm Phase Amid Macroeconomic Stability

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to recent data from Coinglass, Bitcoin’s volatility has experienced a notable decline for the second consecutive day, now positioned at 2.54%. This downtrend in Bitcoin’s volatility often signals a shift away from high-risk speculative trading and a decrease in retail investor enthusiasm, commonly referred to as FOMO (Fear of Missing Out). As volatility wanes, it may reflect a transition into a consolidation phase, indicating a period of relative market stability.

Moreover, the fluctuation patterns of Bitcoin prices are intricately linked to various macroeconomic factors, including inflation projections, changes in interest rates, and geopolitical tensions. When these elements stabilize, a corresponding decrease in Bitcoin’s volatility is often observed. Investors keen on navigating the cryptocurrency landscape should closely monitor these developments, as they play a significant role in influencing market dynamics.

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