Analyst: Bitcoin May Enter Low Volatility Phase Unless Major Event Occurs

BlockBeats News, March 19th, Greek.live analyst Adam posted that on March 19th, the US stock market showed a significant contagion effect from the cryptocurrency market. Major US stocks experienced a notable decline, causing Bitcoin to drop from $74,000 to $71,000, with the altcoin market following suit simultaneously.

Despite Powell's hawkish remarks warning of inflation risks from regional conflicts and signaling that the Fed may not cut interest rates this year, the market had already priced this in, and the interest rate decision was not beyond expectations. The volatility surge triggered by this drop had an extremely short duration, and this morning it has fallen back below yesterday afternoon levels. As we are about to enter the quarterly settlement week, barring any significant events, Bitcoin may enter a phase of low volatility.