Analyst: Bitcoin May Enter Low Volatility Phase Without Major Impact Events

robot
Abstract generation in progress

Mars Finance News, on March 19, Greeks.live analyst Adam stated that on March 19, the U.S. stock market had a significant contagion effect on cryptocurrencies. Major U.S. stocks declined sharply, dragging Bitcoin down from $74,000 to $71,000, with the altcoin market following suit. Despite Powell’s hawkish speech warning of inflation risks from regional conflicts and suggesting the Federal Reserve may not cut interest rates this year, the market had already priced this in, and the rate decision was within expectations. The volatility triggered by this decline was very short-lived, and this morning it has fallen back below yesterday afternoon’s levels. As the quarterly delivery week approaches, unless there are major impactful events, Bitcoin may enter a low-volatility phase.

BTC-5.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin