According to statistics given by ZeroHedge, the Dow Jones index, which monitors the 30 top industrial firms, was more volatile than Bitcoin as of October 7.
Bitcoin has always been characterized by volatility, whereas traditional financial markets are significantly more stable. The change in volatility, however, may be linked to the fall from all-time highs, which has seen the commodity settle around $20,000 for weeks.
It seems that the market gloom has brought “stability” to Bitcoin in recent times, with investors in some locations resorting to the asset as a hedge against increasing costs. At the time of writing, BTC is trading at $19,383.
At the same time, BTC’s lower volatility has evolved as a result of a strong dollar, which has caused global fiat currencies to lose value in comparison to the US currency. In this regard, the rising dollar, together with falling commodity prices, may have a negative influence on stock portfolios.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
This website uses cookies.