Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Analysis: Bitcoins continue to strengthen despite macroeconomic headwinds; declining volatility may pave the way for further gains
Svmuu News Bitcoin continued to gain ground amid macroeconomic headwinds, rising approximately 2% to break through the $72,000 mark and outperforming the U.S. stock market.Meanwhile, Nasdaq 100 and S&P 500 index futures fell at one point during the Asian trading session, while the U.S. Dollar Index (DXY) rose above 100. Such movements typically put pressure on risk assets like cryptocurrencies, but the crypto market as a whole remained on an upward trend that day.In the derivatives market, the crypto industry’s open interest (OI) rose 5% over the past 24 hours to $107.6 billion, indicating continued capital inflows. Among these, Bitcoin’s OI climbed to 687,200 BTC, the highest level since February 25; Ethereum OI rose to 13.72 million ETH. Meanwhile, open interest in futures for tokens such as XRP, SOL, ADA, and SUI also saw significant increases.Furthermore, the 30-day annualized implied volatility (BVIV) for Bitcoin has dropped to 55%, hitting a two-week low, indicating reduced market volatility and creating conditions for further spot price increases.Meanwhile, the ongoing escalation of the conflict in Iran has kept oil prices near $100 per barrel, but the Bitcoin has remained relatively stable amid geopolitical and macroeconomic uncertainties. (CoinDesk)
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
Recommended Reading


