Analysis: The crypto market awaits bullish catalysts as Bitcoin volatility drops to a four-month low

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BTC1,44%

Odaily Planet Daily reports that data shows the annualized 30-day implied volatility of Bitcoin has fallen below 40%, reaching its lowest level since October 5. The U.S. Senate Banking Committee's delay in discussing the Market Structure Bill has become one of the most talked-about topics in the crypto market this week. Some analysts warn that if the bill fails to pass, it could trigger a crypto winter. Meanwhile, U.S.-listed spot ETFs saw a net inflow of $1.81 billion this week, the largest weekly inflow since October. Sidrah Fariq, an executive at Deribit, stated that the current market sentiment remains cautious but constructive, and a clear bullish catalyst may be needed to achieve the next phase of gains. The market is waiting for a definitive catalyst and additional positive factors to sustain a continued upward breakthrough. (CoinDesk)

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