Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets said.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Fidelity’s FBTC, not GBTC, let outflows on Wednesday in what may be an alarming development for the bulls.
Much-hyped restaking project EigenLayer’s 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won’t be ready when the token launches.
The new project would build off the much-discussed “BitVM” design released last year by developer Robin Linus, which has kindled hopes that the oldest and largest blockchain could eventually see Ethereum-style programmable layer-2 networks.
The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group.
The man sometimes called “Bitcoin Jesus” did not hisse capital gains on hundreds of millions of dollars he raised in selling bitcoin in 2017, the DOJ alleged.
The latest price moves in crypto markets in context for April 30, 2024.
The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.