Bitcoin volatility rises to 1.77%

BlockBeats News, June 13: Possibly influenced by the new geopolitical tensions between Israel and Iran, Bitcoin's volatility has risen to 1.77%, marking a roughly upward trend for five consecutive days.

BlockBeats Note: High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment. When volatility subsides, it may indicate a decline in short-term speculators, signaling that the market is entering a consolidation phase or a "cool-down period." Additionally, Bitcoin's price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may decrease accordingly.