Satoshi

Bitcoin

April

<p>As we approach the much-anticipated Bitcoin Halving day, all eyes are on the queen of cryptos: its ever-changing price (which could well reach a new all-time high), the upcoming changes in the BTC mining landscape, and much more. As this highly anticipated event draws closer, it’s time to take a closer look at bitcoin, and more specifically at its volatility.</p>
<h2 id="h-the-volatile-dance-of-bitcoin-ether-takes-the-reins">The volatile dance of Bitcoin: Ether takes the reins</h2>
<p>In April, many observers expect cryptocurrencies, under the aegis of their star Bitcoin, to write their own story. For the crypto of Satoshi Nakamoto, <strong>the $77,000 mark seems within reach</strong>. However, don’t be surprised if <strong>other altcoins such as Solana, Fantom, or Ethereum steal the spotlight </strong>during this same period.</p>
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<figure class="wp-block-image size-large"><img decoding="async" src="https://www.coindesk.com/resizer/7fPciYORQ_BeMwBHr5iSOVNQy1Y=/1056x566/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RLO3LGW4PZHPDCNLR4YU3BCJXY.jpeg" alt="bitcoin-ether-volatility">
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  The gap between the 30-day historical volatility indices of BTC and ETH – Source: Kaiko
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<p>According to <a href="https://www.coindesk.com/markets/2024/04/01/bitcoin-becomes-more-volatile-than-ether-as-halving-approaches/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" target="_blank" rel="noopener noreferrer nofollow">CoinDesk</a>, Bitcoin, traditionally considered <strong>a stable haven </strong>in the tumultuous world of cryptocurrencies, seems to be losing its balance. Recently, <strong>it has been more turbulent than Ether</strong>, raising questions about its reliability as a reserve asset.</p>
<p>Data from Kaiko, a Parisian company, reveals <strong>a historical volatility gap of nearly 10 percentage points</strong> between BTC and ETH, the largest in a year. This once negligible gap now raises doubts about the consistency of Bitcoin.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<p>The decision by the SEC to approve <strong>several bitcoin ETFs</strong> has fueled investor interest but also introduced increased volatility into the market. Meanwhile, the <strong>lack of approval for an Ether ETF </strong>has deterred traders, further accentuating the gap between the two cryptocurrencies.</p>
<p>The imminent prospect of <strong>the halving of the block reward in the Bitcoin blockchain, or Bitcoin Halving,</strong> adds an additional layer of uncertainty. This reduction could cut miner revenues in half, currently estimated at <strong>$26 billion a year</strong> according to ByteTree.</p>
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<h2 id="h-the-great-game-of-bitcoin-halving-traders-on-the-razor-s-edge">The great game of Bitcoin Halving: Traders on the razor’s edge</h2>
<p>As the eagerly awaited “Halving” of Bitcoin draws near, excitement is at its peak. This halving of the pace of supply expansion could well create <strong>an imbalance favoring a price surge</strong>, at least according to the general consensus. The previous “halvings,” in November 2012, July 2016, and May 2020, were followed by spectacular rises in Bitcoin’s price, thus setting new records over a period of 12 to 18 months.</p>
<p>But <strong>this time it’s different</strong>. Bitcoin has already surpassed its previous bullish peak, crossing $69,000 a few weeks before the event. A situation that adds an extra dose of excitement for traders. Greg Magadini, chief of derivatives products at Amberdata, however, warns that the current euphoria could give way to <strong>a “Sell-the-News” phase</strong> after the event.</p>
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<p>He believes the market is positioned in a very extended manner, which could lead to <strong>sudden moves</strong>. Bitcoin options also reflect this nervousness, with an interesting structure showing high volatility before the expiration on April 26.</p>
<p>In this great game of Halving, where the stakes are high and the forecasts uncertain, traders are bracing for a tumultuous period where each market movement could be decisive. The implied volatility paints a landscape where roller coasters are commonplace, making this a crucial time for cryptocurrency investors.</p>
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Halving Bitcoin: Ethereum’s great challenge for digital supremacy!

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