Bitcoin Calmest in 563 Days, $1M Target Ahead
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Bitcoin volatility drops to a 563-day low, suggesting asset maturity as Arthur Hayes forecasts a $1 million BTC price by 2028 amid rising ETF flows and investor confidence.
Bitcoin is showing signs of maturity as a global financial asset, with price volatility dropping to its lowest level in more than 500 days, according to new research.
Volatility refers to the degree of variation of a trading price over time, which indicates the uncertainty about the size of changes in an asset’s value.
Bitcoin weekly volatility hit a 563-day low on April 30, said Vetle Lunde, the head of research at K33 Research.
Bitcoin’s decreasing volatility suggests BTC is maturing as a global financial asset, leading to a more stable price trajectory.
Bitcoin has become the seventh-largest asset globally by market capitalization, reaching $1.87 trillion. It now ranks above Silver, Meta and Saudi Aramco
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