Crypto Market Update: Altcoins Surge as Bitcoin's Low Volatility Signals Potential Upheaval
Investors continue to diversify their portfolios by investing in alternative cryptocurrencies, resulting in increased valuations for tokens such as ETH, RAY, ENA, and MKR, while bitcoin remains relatively stable above $100,000. Notably, the 30-day options-based implied volatility for bitcoin, as measured by the Deribit DVOL index, is nearing its lowest level since June 2024, which often precedes …