Bitcoin
Key Bitcoin Indicators Signal Period of Stability in Crypto Market | Video
The Chart of the Day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let’s take a look at the chart for the day. A key Bitcoin indicator points to a period of calm in the crypto market. Bitcoin volatility risk premium or VRP has collapsed since designated traders predict a relatively stable market ahead. The one-month VRP has dropped from 15% to 2.5% since April 20th. This is in line with the monitoring of Bin analysts. Analysts said in a note that the market consensus appears to be that future volatility may be lower than previously predicted, after as of 10:30 a.m. Eastern Time Bitcoin was around $62,600. That’s it for today’s chart. My name is Jen Sani. See you next time to unpack more data behind the top stories.