💰Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends: Fidelity Digital Assets
According to the study conducted by Zack Wainwright at Fidelity Digital Assets, bitcoin (BTC) is exhibiting signs of decreased volatility as it evolves. Historically known for its sharp price fluctuations, BTC’s volatility levels have notably declined in recent years. Wainwright’s analysis points out that bitcoin’s volatility was lower than that of 33 S&P 500 stocks as of early 2024, challenging the traditional view of bitcoin as an exceedingly unstable asset.
💰Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends: Fidelity Digital Assets
According to the study conducted by Zack Wainwright at Fidelity Digital Assets, bitcoin (BTC) is exhibiting signs of decreased volatility as it evolves. Historically known for its sharp price fluctuations, BTC’s volatility levels have notably declined in recent years. Wainwright’s analysis points out that bitcoin’s volatility was lower than that of 33 S&P 500 stocks as of early 2024, challenging the traditional view of bitcoin as an exceedingly unstable asset.
Telegram and Signal Havens for Right-Wing Extremists
Since the violent storming of Capitol Hill and subsequent ban of former U.S. President Donald Trump from Facebook and Twitter, the removal of Parler from Amazon’s servers, and the de-platforming of incendiary right-wing content, messaging services Telegram and Signal have seen a deluge of new users. In January alone, Telegram reported 90 million new accounts. Its founder, Pavel Durov, described this as “the largest digital migration in human history.” Signal reportedly doubled its user base to 40 million people and became the most downloaded app in 70 countries. The two services rely on encryption to protect the privacy of user communication, which has made them popular with protesters seeking to conceal their identities against repressive governments in places like Belarus, Hong Kong, and Iran. But the same encryption technology has also made them a favored communication tool for criminals and terrorist groups, including al Qaeda and the Islamic State.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
