COINOTAG News, May 10th - The latest data from Coinglass shows that Bitcoin volatility has significantly decreased, dropping to 2.02% over the past two days. This marks a significant decline in Bitcoin volatility, reaching its highest level since the end of February this year. Generally, increases in Bitcoin volatility are associated with heightened speculative trading and enthusiasm from retail investors. The decrease in volatility may indicate that the number of short-term speculators is diminishing, suggesting that the market may be consolidating or may need some time to see a clearer trend.

Additionally, Bitcoin's price fluctuations are often influenced by broader macroeconomic factors such as inflation rates, interest rate policies, and changes in geopolitical tensions. As these factors become more stable, Bitcoin's volatility typically decreases accordingly, highlighting the intricate relationship between the cryptocurrency market and economic signals.

Crypto World