Bitcoin Volatility Plummets to 16% – Lowest Since April

Bitcoin’s short-term volatility has experienced a significant drop, plummeting from 94% to just 16%, marking the lowest point since April. This decrease in volatility, while not affecting the wider cryptocurrency market as a whole, carries implications for trading strategies and price movements. The dip comes amidst broader market trends and is likely driven by the stabilizing effects of recent financial shifts and changes in market sentiment.