Bitcoin (BTC) Price News: All over the place ahead of U.S. inflation data. what next?
Bitcoin (BTC) Price News: All over the place ahead of U.S. inflation d…
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Bitcoin dips about $500 after inflation comes in hotter than expected in May
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The correlation between bitcoin and its implied volatility, which refers to expectations for price turbulence over a specific period, has turned negative again for the first time since May. This indicates investor concerns about moves to the downside. The shift from positive correlation comes amid concerns the looming $3 billion FTX liquidations could crater the crypto market. Watch Chart of the Day explain the data: https://www.coindesk.com/video/bitcoin-price-volatility-correlation-turns-negat
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