๐๐ Bitcoin's volatility is on the rise, and it's expected to continue throughout the month, according to a Bitfinex report as cited by The Block! ๐ฅ๐น
The report notes that this increase in volatility began with the S&P 500 index in mid-September and has now extended to Bitcoin, with 24-hour volatility hitting 340% on October 2nd. ๐๐ฅ
The Bitcoin options market is also bracing for higher volatility, with implied volatility (IV) at 37.8% compared to historical volatility (HV) at 32.4%. ๐๐
Stay tuned for a potentially exciting month in the crypto world! ๐๐ #BitcoinWorld #CryptoVolatility #MarketTrends
