Over the last few weeks, the Cryptocurrency market has been overwhelmed by the high level of uncertainty and volatility caused by constantly changing world macro economics. This unstable market condition is that Bitcoin Price has a dance between $ 74,000 and $ 83,000 for several days.
As US President Donald Trump announced a new trade tariff, the price of BTC sank at $ 74,000 earlier last week. On Thursday, April 10, Pryptocurrency recovered $ 83,000 after President Trump paused trade tariffs in all countries except China.
Is Bitcoin now a mature asset?
Bitcoin prices respond to almost all news of world trade, showing the volatile state of the cryptocurrency market. But the whole chain analytics expert explained that the volatility of the Bitcoin market is now seduced compared to past episodes.
Julio Moreno, the research director of Cryptoquant, is the bitcoin price volatility of global trade dramas in the new post of Social Media Platform X. It turns out to be much lower than other past events such as Bank (Silicon Valley Bank).
The relevant indicators here are the price intrain range metrics that estimate the percentage of the percentage of Bitcoin average per share. According to Cryptoquant’s data, the Bitcoin Price Intraweek range rose to an all-time high of 72%during the Covid-19 market recession in April 2020.
Source: @jjcmoreno on X
The above chart shows that the BTC Intrak range metrics have surged to 49%since the collision of the Terra Luna ecosystem in May 2022, which reached 31%after the collapse of the SAM-Bankman-FTX Exchange in late 2023 and the SVB bank in early 2023.
Bitcoin prices are between 8% and 21% as trade tensions in the United States and China increases. This decrease in volatility suggests that Pryptocurrency has matured with assets with deeper liquidity and market structure.
Relatively stable price behaviors can be linked to long -term holders and steady enterprise adoption because institution players can see the world’s largest cryptocurrency as a hedge to macroeconomic uncertainty.
Bitcoin price at a glance
At the time of this article, the price of BTC was about $ 83,700, up 5% over the last 24 hours.
The price of BTC returns to above $83,000 on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock’s main image, TradingView chart
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