Kaiko report warns: Danger awaiting BTC and ETH.

According to a report shared by Kaiko on September 9, sharp movements may be seen in #Bitcoin ($BTC ) and #Ethereum ($ETH ) prices.

In the report shared by Kaiko, BTC's 30-day volatility reached 70 percent, almost doubling compared to last year. While Bitcoin has not yet entered an uptrend, the increasing volatility has confused people. September seems to be a turbulent month for cryptocurrencies.

The report stated that #Ethereum volatility exceeded March levels this September. This development is quite critical. Because volatility in September is generally lower than in the first quarter of the year. #Kaiko. stated that these data indicate that fluctuations in September may be higher than expected.

BTC, which was traded at $ 52,500 on September 7, is finding buyers at $ 57,275 as of the writing of the news. Ethereum, on the other hand, came from $2,150 to $2,365. Altcoins have not yet started to make major gains. The Fed's interest rate policy and the upcoming US presidential elections may be decisive in this process.

If volatility increases, caution should be exercised in futures transactions. Sharp price movements in Bitcoin and Ethereum will lead to liquidity purges. During this process, trading memecoins in particular may become more difficult.

Memecoins, which are much more prone to volatile price movements than other altcoins, may shake liquidation data. The main resistance level to watch out for for Bitcoin is $58,000. Persistence above this level may reduce volatility somewhat.