Crypto Volatility Plummets: Will BTC Push Past $25K?
• Crypto experienced a small dip in early February after weeks of its main assets (such as bitcoin) increasing in price.
• Analysts and crypto players point out that volatility across the board for stocks is rather high, while crypto is only experiencing marginal volatility.
• In 2022, assets like bitcoin lost more than 70% of their value and the digital currency arena lost over $2 trillion in valuation.
Crypto Market Experiences Sudden Lack of Volatility
In early February, crypto experienced a small dip after weeks of its main assets (such as bitcoin) riding the bull wave and increasing their prices. On or around February 5, the crypto space fell by a little over two percent and wound up stuck at just over $1 trillion.
Analysts Point Out Low Volatility
While at first glance it looked like the bears were once again beginning to enter the fray, there were several analysts and crypto players out there who felt the situation was better than it appeared, and that things could have been a lot worse. One of the issues they were quick to point out is that right now, volatility across the board for things like stocks is rather high. By contrast, crypto is experiencing only marginal volatility.
Sentiment Remains Strong Enough To Keep Industry Stable
For the most part, things have really calmed down compared with where they were in 2022, and experts were quick to suggest that sentiment is still strong enough to keep the industry stable.
Worst Year on Record for Crypto Assets
In 2022, assets like bitcoin lost more than 70% of their value and the digital currency arena lost over $2 trillion in valuation. It was a distressing year marked by heavy speculation, bankruptcies, and bad behavior from players like FTX.
Favorable Outlook For Bitcoin’s Performance
With yields likely to continue to rise, bitcoin might struggle taking out [the] $25,000 level over the short-term. Tech Dev – an analyst known for sharing his crypto thoughts on Twitter – mentioned that when liquidity flows; bitcoin moves..