Major cryptocurrency took a hit on Monday evening, kicking off Q2 in the red. The price of BTC dropped by over 5%.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
-5.35%
$66,838
Ethereum (CRYPTO: ETH)
-8.52%
$3,369
Dogecoin (CRYPTO: DOGE)
-12.55%
$0.18
What Happened: Bitcoin’s volatility has surged compared to ETH in recent times.
The annualized 30-day historical volatility for Bitcoin spiked to almost 60% last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points. This marks the widest difference in volatility spread in at least a year, according to data from Paris-based Kaiko. Historical volatility serves as an indicator of the level of price turbulence observed over a specific period.
The upcoming Bitcoin blockchain reward halving is a significant event that occurs every four years. It will decrease the rate of Bitcoin emission per block by 50%, potentially leading to increased volatility in the cryptocurrency market.
Scheduled for April 21, this event will reduce the reward paid to miners for each block to 3.125 BTC from the current 6.25 BTC. This halving will effectively cut miners’ revenue in half, currently estimated at $26 billion annually, according to ByteTree.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Core (CRYPTO: CORE)
+38.48%
$3.75
Bittensor (CRYPTO: TAO)
+4.35%
$534.65
Bitget Token (CRYPTO: BGB)
+1.62%
$1.07
The …
Full story available on Benzinga.com
Major cryptocurrency took a hit on Monday evening, kicking off Q2 in the red. The price of BTC dropped by over 5%.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
-5.35%
$66,838
Ethereum (CRYPTO: ETH)
-8.52%
$3,369
Dogecoin (CRYPTO: DOGE)
-12.55%
$0.18
What Happened: Bitcoin’s volatility has surged compared to ETH in recent times.
The annualized 30-day historical volatility for Bitcoin spiked to almost 60% last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points. This marks the widest difference in volatility spread in at least a year, according to data from Paris-based Kaiko. Historical volatility serves as an indicator of the level of price turbulence observed over a specific period.
The upcoming Bitcoin blockchain reward halving is a significant event that occurs every four years. It will decrease the rate of Bitcoin emission per block by 50%, potentially leading to increased volatility in the cryptocurrency market.
Scheduled for April 21, this event will reduce the reward paid to miners for each block to 3.125 BTC from the current 6.25 BTC. This halving will effectively cut miners’ revenue in half, currently estimated at $26 billion annually, according to ByteTree.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Core (CRYPTO: CORE)
+38.48%
$3.75
Bittensor (CRYPTO: TAO)
+4.35%
$534.65
Bitget Token (CRYPTO: BGB)
+1.62%
$1.07
The …
Full story available on Benzinga.com
Major cryptocurrency took a hit on Monday evening, kicking off Q2 in the red. The price of BTC dropped by over 5%.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
-5.35%
$66,838
Ethereum (CRYPTO: ETH)
-8.52%
$3,369
Dogecoin (CRYPTO: DOGE)
-12.55%
$0.18
What Happened: Bitcoin’s volatility has surged compared to ETH in recent times.
The annualized 30-day historical volatility for Bitcoin spiked to almost 60% last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points. This marks the widest difference in volatility spread in at least a year, according to data from Paris-based Kaiko. Historical volatility serves as an indicator of the level of price turbulence observed over a specific period.
The upcoming Bitcoin blockchain reward halving is a significant event that occurs every four years. It will decrease the rate of Bitcoin emission per block by 50%, potentially leading to increased volatility in the cryptocurrency market.
Scheduled for April 21, this event will reduce the reward paid to miners for each block to 3.125 BTC from the current 6.25 BTC. This halving will effectively cut miners’ revenue in half, currently estimated at $26 billion annually, according to ByteTree.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Core (CRYPTO: CORE)
+38.48%
$3.75
Bittensor (CRYPTO: TAO)
+4.35%
$534.65
Bitget Token (CRYPTO: BGB)
+1.62%
$1.07
The …Full story available on Benzinga.com Read More$BTC, $CORE, $DOGE, $ETH, $TAO, Bitcoin, BTC, Cryptocurrency, dogecoin, Ethereum, News, Top Stories, Markets, Movers, BTC, US2036121067, $ETH, $BTC, $DOGE, $TAO, $CORE, News, Cryptocurrency, Top Stories, Markets, Movers, Benzinga Markets
