Bitcoin 's volatility recently hit record low levels, with the period from May 24 to June 7 falling in the bottom 6% for volatility historically.

The price ranged between $66,936 and $71,656 during this time. Swan Bitcoin's CIO, Rapha Zagury, noted the 15-day rolling volatility was just 23%, close to historical lows. Despite this, Bitcoin's price dropped 3.33% on June 7 due to stronger-than-expected US job growth.

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