Debt ceiling to cause heightened volatility ahead?
BTC surged on positive debt ceiling developments over the weekend.
Preview
In Short
Growing volatility and a widened trading range, while options IVs remains at all-time lows as BTC reclaims $28k.
Takeaways
- IV's still at all-time lows
- Gold trading like a safe haven, while BTC shows risk-on tendencies
- BTC, ETH and stablecoin dominance at 2019 levels
Debt ceiling momentum lifts the market higher
Volatility picked up slightly this week as Bitcoin’s trading range widened, retesting lows of $25,800 and surpassing $28,000 to narrowly break the agonizing five consecutive $27k Tuesday trend highlighted in the past week.
