Bitcoin (BTC) is trading within a tight range between key averages as volatility in the U.S. Treasury bond market and losses in Chinese stocks impact the cryptocurrency market. The Bollinger bandwidth, which measures volatility, is falling, indicating low volatility in the bitcoin market. However, the spike in Treasury market volatility could lead to risk aversion and benefit the U.S. dollar, potentially weighing down on bitcoin and other risk assets. Additionally, the slide in Chinese stocks may reverse the money flow to Asian stocks and cryptocurrencies.
- Content Editor ( coindesk.com )
- 2024-10-09
Bitcoin Trapped Between 50 and 200-Day Averages as Bond Market Volatility Spikes, China Stocks Slide