Market Wrap: Bitcoin Stuck Around $58K; Monthly Volatility Drops to 3-Month Low
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Bitcoin could be in for a long, cool spring of modest new all-time highs followed by sudden dips.
The project shields users from crypto’s dips. Under the hood, it’s all about DeFi.
"Buying options in this low implied volatility environment is extremely interesting," one crypto firm says.
Long-term bitcoin holders were unmoved during the recent correction, similar to previous turning points, according to Glassnode.
Bitcoin rode the roller coaster this week, but its overall volatility has been in decline.