Bitcoin Faces Weekend Volatility Amid Market and Geopolitical Tensions
Bitcoin (BTC) has seen calm weekends during its recent bull run, but that could change soon. Deribit options data shows a sharp rise in implied volatility for October 5, signaling potential price swings. This could be driven by upcoming events, including the U.S. nonfarm payrolls report and rising geopolitical tensions in the Middle East.
The jobs report may impact Fed policy and strengthen the U.S. dollar, which could put pressure on Bitcoin. Combined with escalating tensions between Iran and Israel, Bitcoin traders may see increased market activity over the weekend.
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