Bitfinex: Bitcoin volatility decreases, market enters consolidation phase

ChainCatcher news, Bitfinex Alpha's latest report shows that the correlation between Bitcoin and the S&P 500 and Nasdaq has reached a new high for the year, while the implied volatility of options has decreased by 13% this week, indicating that traders expect price fluctuations to ease.

On the macro front, the number of unemployment claims in the U.S. has risen to the highest level in three years, and the consumer confidence index has ended a six-month streak of increases, with growing concerns in the market regarding the Trump administration's trade policies and regulatory changes. On the institutional side, there has been a surge in applications for Litecoin, XRP, and Solana ETFs, indicating rising institutional investment interest, while the U.S. House Oversight Committee has launched an investigation into unfair banking services faced by crypto-related entities.