Analysts suggested that volatility in the cryptocurrency market, especially Bitcoin (BTC), may continue.
Analysts of the cryptocurrency exchange Bitfinex published on Monday, October 9 Bitfinex Alpha In the report, the events specific to Bitcoin volatile movements He made detailed explanations about it.
Pointing out that Bitcoin volatility started to increase with the arrival of October, analysts suggested that this situation could continue throughout October. Data from the last 200 days Bitcoin volatility is currently in the highest position Analysts stated that S&P 500 Volatility in traditional financial products such as from the lows in September He reminded that it has been on the rise since then.
on the other hand Bitcoin in options markets volatility in US stocks It has been noted to be similarly synchronized with volatility increases.
Analysts, October 2 the day happened Volatility over 340% Emphasizing that Bitcoin is above the historical volatility index, this situation is likely to continue he expressed:
Since the beginning of October, Bitcoin has been more volatile on average compared to the last 200 days. Isolated high-volatility moves in Bitcoin and other cryptocurrencies continue to increase, indicating that this trend may continue, with historical volatility trending above major averages.
US impact on volatility
CoinShares analyst offering a different perspective on the subject Luke NolanUSA inflation And Consumer Price Index (CPI) He stated that the data may bring about higher volatility. Nolan, 12 October He highlighted that the CPI data to be announced on Thursday could be the first step of a new volatile wave.
Market analysts also Palestine – Israel The war started again between oil prices in a short time 4% increase created and if this increase continues The US Federal Reserve’s (FED) inflation target of 2% He emphasized that he might not be able to reach it.
While it is emphasized that obstacles on the way to the inflation target may trigger an increase in interest rates, such a move also affects the cryptocurrency market. volatility It was noted that it could increase