Bitcoin volatility increased in the first week of October, with analysts forecasting that such conditions could endure for at least the rest of the month.
The report highlighted what it says is a historical trend where major equity indices experience volatility first before it spills over to other risk assets such as bitcoin. Analysts cited the volatility index for the S&P 500, stating it has rebounded from a multi-year low on Sept. 15. The report added that the bitcoin options market showed implied volatility in October remaining above historical volatility, a rise that is in sync with similar volatility increases in U.S. equities.
Nolan stated that Thursday's CPI could come in lower than expected, with a consensus projection at 3.7%, down from a former forecast of 3.8%.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
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