Bitcoin reaches highest volatility since 2022 as BTC drops to $66K

Bitcoin dropped to $66,000, losing over 3.5% in 24 hours, which coincided with short-term volatility on Binance reaching 1.51, its highest level since 2022, according to CryptoQuant. This price drop was fueled by stronger-than-expected US employment data reducing expectations for aggressive Federal Reserve rate cuts. Despite the recent spike, longer-duration volatility metrics, such as the 30-day (0.81) and 90-day (0.56) annualized volatility, remain subdued, suggesting the current turbulence is concentrated in short bursts rather than indicating a structural market shift. Other cryptocurrencies like Ether, Solana, and XRP also declined, while US equity indexes remained relatively flat.

(Source：Crypto Briefing)