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Bitcoin’s Bullish Case Will get Stronger After NFP Information, Crypto Derivatives Knowledgeable Says

SB Crypto Guru News by SB Crypto Guru News
November 6, 2023
in Crypto Updates
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Bitcoin’s Bullish Case Will get Stronger After NFP Information, Crypto Derivatives Knowledgeable Says



Supporting the case for continued upside in bitcoin is the dwindling volatility within the U.S. inventory and bond markets. The S&P 500 VIX indicator has tanked from 21.13 to 14.19 prior to now 5 buying and selling days, whereas the MOVE index, an options-based measure of volatility within the Treasury bond market, has dropped from 132 to 118, in keeping with charting platform TradingView. Maybe tensions within the Center East are now not the point of interest for the market.



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