Crypto investment management company Matrixport has released its latest weekly report. The report noted that Bitcoin’s 30-day realized volatility has exceeded 60%, surpassing its long-term average.
Bitcoin’s 30-Day Realized Volatility Reaches 62%
According to Matrixport’s report, Bitcoin‘s 30-day realized volatility rose to 62%, surpassing its long-term average of 58%. Historically, periods when realized volatility exceeds 70% are typically short-lived and present profitable opportunities for traders selling high levels of implied volatility. Conversely, buying volatility tends to be advantageous only when realized volatility falls below 30%.
Since June 21, Bitcoin’s price has dropped by 12%, moving in parallel with historical patterns where the crypto market generally falls during the summer months and then sees increased volatility. This trend in price is expected to continue, especially with several upcoming significant events that could substantially impact Bitcoin’s market dynamics.
On the other hand, the potential victory of Donald Trump in the US presidential elections or a shift in monetary policy by the Fed under Chairman Jerome Powell to stimulate the economy could create a bullish environment for the largest cryptocurrency and altcoins.
Investors Focus on September Events in Crypto Markets
The countdown continues for critical developments within the month that could affect Bitcoin’s price and market sentiment. These include the release of US employment market data today, the presidential debate between Kamala Harris and Trump on September 10, and the Fed’s interest rate decision on September 18. All these events are seen as key factors shaping the market’s short-term trajectory ahead of the US presidential elections on November 5.
While the crypto market remains unpredictable, BTC‘s price has dropped by 1.46% in the last 24 hours, trading below the $56,000 threshold at $55,946. The total market cap also eroded by 1.39% during this period, falling below $2 trillion.
