“Implied volatility remains elevated relative to the exceptionally low-volatility regime observed over the prior six months, suggesting a shift toward a more active volatility environment,” Glassnode found.
TLDR:
Crypto market cap is largely unchanged on Wednesday morning (UTC);
75 of the top 100 coins and 4 of the top 10 coins have gone up today;
BTC increased by 0.1% to $86,388, and ETH is down 0.1% to $2,924;
expectations for extreme moves have moderated
Implied volatility remains elevated;
The Marshall Islands launched a nationwide UBI program that allows crypto payments;
HashKey Holdings started trading in Hong Kong, shares decreased;
US BTC and ETH spot ETFs both saw outflows on Tuesday of $227.09 million and $224.26 million, respectively;
Crypto market sentiment is largely unmoved over the past month.
