Bitcoin volatility rises to highest level since August 2024

Odaily reported that Bitcoin hit a new all-time high of over $109,000, with implied volatility and realized volatility reaching their highest levels since August 2024. "The positive correlation between Bitcoin price and implied volatility still exists. This suggests traders are chasing options, especially call options, as the risk reversal shows call options are trading at a premium relative to put options that provide downside protection," said CoinDesk market analyst Omkar Godbole. "Trump's powerful use of social media has historically impacted the markets, adding uncertainty in the coming days," said GCR trader Mitch Galer. "Speculation about strategic cryptocurrency reserves and potential regulatory easing has made the crypto market optimistic about further upside this year," (CoinDesk).