Bitcoin volatility hits a new low this year, Ethereum gas fee falls below 3 gwei, when will the market turn around?

Recently, Bitcoin (BTC) volatility hit a new low this year, while Ethereum gas fee fell below 3 gwei, which also reflects the extreme downturn in the market and the reduction in investor trading activities.

Low volatility usually means that the market is waiting for an important trigger event, and Ethereum's low gas fee further shows the reduction in activity on the network.

From historical data, the market tends to accumulate strength against the backdrop of low volatility and low transaction costs, waiting for new catalysts to drive price changes. Currently, the market is waiting for several events that may bring about a turnaround:

1. The launch of the Ethereum ETF: This is a highly anticipated event. Once approved, it may attract a large amount of institutional funds into the market and drive prices up.

2. Bitcoin halving event: The next Bitcoin halving is expected to take place around April 2024. The reduction in supply after the halving usually brings expectations of rising prices.

3. Improvement of the macroeconomic environment: Macroeconomic factors such as changes in global economic policies and changes in inflation levels will also have a significant impact on the crypto market.

Although the current market is in a downturn, this state also provides investors with opportunities for layout.

Personally, I suggest that brothers should pay attention to the above key events and be ready to take action when there are obvious signs of a turnaround in the market. Being patient and flexible is the best strategy in the current environment. #BTC突破7万大关 #BTC15万 #币安用户数突破2亿 #美联储何时降息？ #币安上线ZK