Bitcoin's Volatility Skyrockets Over Ethereum as Halving Event Nears

02.04.2024 19:46 94 times read Reading time: 2 minutes 0 Comments

Bitcoin's Volatility Surpasses Ethereum as Halving Approaches

In a recent analysis by BTC-ECHO | Bitcoin & Blockchain since 2014, it was reported that Bitcoin's volatility has surpassed that of Ethereum. As the highly anticipated halving event draws nearer, the influx and outflow of capital, fueled by the newly approved Bitcoin Spot ETFs, have contributed to making Bitcoin's volatility greater than ever before. The historical 30-day volatility for Bitcoin spiked to nearly 60 percent last week, overtaking Ethereum's volatility by nearly ten percentage points.

The buildup to the halving event suggests that we may see increased market volatility post-halving due to potential price adjustments. Nevertheless, experts from ETC Group anticipate that despite a potential initial stabilization around the time of the halving, significant impacts will likely materialize approximately 100 days afterward, with expectations of long-term price appreciation stemming from the anticipated supply squeeze.

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Ethereum Staking Rate Soars: Is $4,000 on the Horizon?

A surge in Ethereum's staking rate—now exceeding 27%—has been reported by Business Insider Deutschland, signaling robust confidence in the future of its blockchain network. This increase reflects investors' optimism toward ETH, with more than a quarter of all tokens staked at present. With the available supply dwindling and exchange reserves hitting multi-year lows, this scarcity could exert upward pressure on the asset's value.

This trend aligns with the growing amount of ETH being locked into smart contracts rather than being circulated on exchanges, indicating a commitment to long-term investment strategies and confidence in Ethereum's potential for growth. Analysts are weighing the possibility that these conditions could precipitate a parabolic price trajectory, potentially launching ETH's value back over the $4,000 mark within the year.

Ethereum Price Forecast Warns Investors: Correction Signs Emerging!

Financial experts at finanzen.net are alerting to potential signs of an imminent price correction for Ethereum, following some recent softening in its market strength. Even with positive developments, such as Larry Fink's speculation about the odds increasing for Ethereum ETF approvals and dovish gestures from US Federal Reserve policies aiding in the recovery after considerable sell-offs in cryptocurrency markets, the present momentum seems sluggish. This has raised concerns among traders over the possibility of impending price retractions.

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