📉📊 Bloomberg Reports Lowest Bitcoin Volatility Since 2016 📉📊

Bloomberg News has reported that Bitcoin's volatility over a 90-day period has reached its lowest level since 2016, according to their own data. K33 Research analysts Bendik Schei and Vetle Lunde noted that the 3-month implied volatility of Bitcoin has dropped to around 35 points. This decrease in volatility has resulted in Bitcoin experiencing much smaller price movements, with daily fluctuations limited to around 5%. The calm atmosphere in the cryptocurrency market this summer has contributed to this decline in volatility, with the 3-month implied volatility reaching levels far below historical lows. As of now, BTC is trading at $29,166.15, reflecting a decrease of 0.81%. #BitcoinVolatility #CryptocurrencyMarket #BTCPrice