Volatility compression grips crypto markets ahead of U.S. inflation report: Crypto Markets Today
CoinDesk
Cryptocurrency markets remain stable as investors watch for U.S. inflation data and navigate volatility amid significant shifts in the Bittensor ecosystem.Summary
Bitcoin and Ether are experiencing an extended period of low volatility, with technical indicators suggesting a potential 40% price swing is imminent. Markets are currently awaiting U.S. consumer price index (CPI) data, which is expected to influence risk assets like Bitcoin. Meanwhile, the Bittensor ecosystem is facing turmoil following the departure of a major developer, Covenant AI, who criticized the project's claims of decentralization. In contrast, the privacy-focused token DASH has seen significant gains as investors rotate into the sector, while analysts note that ETF-related flows are increasingly shaping Bitcoin's options market dynamics.
(Source：CoinDesk)