According to BlockBeats, QCP Capital reported on September 16 that Bitcoin's volatility intensified after breaking through $61,000, with a subsequent decline triggered by the second assassination attempt on former President Trump. Before the Asian markets opened, $70 million in short positions were liquidated, further exacerbating the price drop.
Interestingly, Bitcoin saw a 13.8% increase from $58,000 to $66,000 in July, during the same week as Trump's first assassination attempt.
As TOKEN2049 unfolds and the FOMC meeting approaches on September 18, uncertainty remains regarding whether the rate cut will be 25 or 50 basis points. The probability of a 50 basis point cut surged from 30% to 59%. Last Friday, Bitcoin's implied volatility rose by 8%, while Ethereum's surged by 20%.
