Home > Quick > Body

Matrixport: Bitcoin Volatility Surges to 62%, Key Events in September Could Trigger Market Turbulence

clock
2024-09-06 08:37:07
Matrixport released a report saying that Bitcoin's 30-day real volatility rose to 62% in recent days, exceeding the long-term average of 58%. Historical data shows that when volatility exceeds 70%, it usually creates profit opportunities for traders who sell implied volatility in the short term. On the other hand, when volatility is below 30%, buying volatility tends to provide a good risk reward. Bitcoin has fallen by 12% since June 21, showing a similar summer volatility trend to previous years.
In addition, several important events in September could affect the Bitcoin market, including the US jobs report released on September 6, the presidential debate on September 10, and the Federal Reserve's interest rate decision on September 18. These events are expected to have a significant impact on market sentiment.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.