The latest news for Bitcoin and the crypto market is that volatility is returning after a period of low trading volumes on centralized exchanges. Despite the complexity of macro data in the United States, cryptocurrency holders are continuing to accumulate Bitcoin in anticipation of the next bull run. Blackrock’s application to create a spot Bitcoin ETF has caused volatility to resurface. Trading volume and market liquidity have been at record lows recently. The price volatility index has seen a positive swing, but still remains low. Low liquidity can lead to potential price manipulation by whales. The options market has also been uninteresting, but there has been a spike in volatility following the Blackrock news. These conditions are likely to continue in the coming months. Bitcoin holders are accumulating the cryptocurrency, supported by the upcoming halving event. Miners, exchanges, and whales are declining, while accumulators are adding to the circulating supply. It is crucial to watch the market and the behavior of entities in the Bitcoin ecosystem. The US macroeconomic situation is also worth noting, with warnings of a potential recession. Despite this, the housing sector has shown signs of recovery, but high interest rates on fixed mortgages are a concern. The Federal Reserve has announced a reversal toward more expansionary monetary policies. Overall, the US is facing uncertainty between an economic recession and expansionary policies.
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