Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge. Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000. This is the least volatile period in the history of the Bitcoin historical volatility index (BVOL), and other data likewise shows …

Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, 2022, and some traders believe the token’s trading volume is potentially driving Solana (SOL) price up. Over the past 48-hours, SOL price has gained to 34% and Bonk is up 117% in the past 24-hours according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn. According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with …

Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1. Cryptocurrency markets have also shown a mild uptick but are yet to make a decisive move higher. One of the reasons could be renewed fears regarding Digital Currency Group’s liquidity issues, which again came into focus after Gemini co-founder Cameron Winklevoss penned an open letter to DCG CEO Barry Silbert on the alleged $900 million that Genesis …

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital confirmed that as of Jan. 4, BTC/USD traded around 37% …

Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. $17,000 "possible" thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets. “Bitcoin trading with legacy markets yesterday,” Filbfilb, co-founder of trading suite Decentrader, began a summary of recent events by stating. Analyzing the 12-hour chart, he argued that the …

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January. Winklevoss Letter to DCG stirs up bankruptcy FUD On Jan. 2, Cameron Winklevoss, the co-founder of Gemini, penned an open letter to Digital Currency Group (DCG) founder, Barry Silbert demanding answers on the $900 million in locked customer funds. Gemini launched the “Earn” program in coordination with Barry Silbert and the $900 million in customer funds have been locked since Nov. 16 due …

Bitcoin (BTC) inched closer to $17,000 on Jan. 3 as the first Wall Street open of the year loomed. Consensus builds for fresh attack on $17,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $16,766 on Bitstamp — its best performance since Dec. 27. Analysts and traders were keenly awaiting the start of Wall Street trading after European stocks posted gains the day prior and United States futures followed suit. As Cointelegraph reported, both equities and gold had looked considerably more appetizing than Bitcoin since the FTX meltdown in November. “If BTC is finally ready to …

Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year. The latest data and analysis shows that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected. BTC price volatility follows bear market pattern With traders frustrated by a lack of tangible moves on BTC/USD, volatility is under the microscope at the start of 2023. For analytics resource Ecoinometrics, however, there is nothing to worry about — Bitcoin is becoming more stable with time, and this is a feature, not a bug. In Twitter comments on Jan. 2, …

There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what's in store for Bitcoin for the year ahead. One crypto exchange founder expects Bitcoin (BTC) to spike to $40,000 by the “summer” of 2023, while a Bitcoin billionaire has renewed his bullish $250,000 BTC price prediction for the year. Erik Voorhees — $40,000 by the “summer” Erik Voorhees, founder and CEO of cryptocurrency exchange ShapeShift, was optimistic about a potential recovery of Bitcoin’s price during an interview with Bankless on Jan. 2, stating he …

The S&P 500 index (SPX) fell 19.4% and the Nasdaq nosedived 33.1% in 2022, recording the worst performance since 2008. The crypto markets also had a horrendous year with Bitcoin (BTC) falling roughly 65% in 2022. In comparison, the United States dollar, which is perceived to be a safe haven, rallied nearly 9%, its best year since 2015. There are several green shoots visible for the cryptocurrency sector for 2023. The U.S. dollar index (DXY), which usually moves in inverse correlation with Bitcoin may have topped out. This increases the likelihood that select cryptocurrencies may be close to forming a …

Bitcoin (BTC) begins the first week of 2023 in an uninspiring place as volatility stays away — along with traders. After failing to budge throughout the Christmas and new year break, BTC price action remains locked in a narrow range. Having sealed yearly losses of nearly 65% in 2022, Bitcoin has arguably seen a classic bear market year, but for the time being, few are actively predicting a recovery. The situation is complex for the average hodler, who is watching for macro triggers courtesy of the United States Federal Reserve and economic policy impact on dollar strength. Prior to Wall …

Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols. According to data from DeFiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO's $5.89 billion and AAVE’s $3.7 billion. Lido now has the highest TVL of any DeFi protocol. pic.twitter.com/2xsM3lVGVl — Patrick | Dynamo DeFi (@Dynamo_Patrick) January 1, 2023 According to Lido Finance’s website, as at Jan. 2 had $5.8 billion Ether (ETH) staked. Meanwhile, there was around $23.2 million staked …