Market
Will Bitcoin's volatility index remain at record lows through Q1 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Cryptocurrency volatility indices such as the Bitcoin Volatility Index (BVIN)
Story
Bitcoin Surges to Record $101,200, Up 130% in 2024 as Volatility Index Hits Lows, $102,000 Imminent
Dec 12, 2024, 10:56 AM
Bitcoin has surged past the $100,000 mark, trading at approximately $101,200, marking its highest daily close ever. This rise represents a significant increase of over 130% in 2024 alone. Analysts attribute this rally to various factors, including a flush of leverage in the market, the influence of exchange-traded funds (ETFs), and a stable funding rate that remains below historical norms. The cryptocurrency's volatility index has reached record lows, signaling increased confidence among major investors. As Bitcoin approaches the $102,000 level, some experts suggest that a further rise to $110,000 could be imminent. The recent price movement is seen as a monumental milestone in Bitcoin's evolution as a global financial asset, with many viewing it as a shift away from speculative trends associated with Web3 and NFTs.
View original story
Similar markets
Moderate (5% to 10% change) • 25%
Very High (more than 20% change) • 25%
High (10% to 20% change) • 25%
Low (less than 5% change) • 25%
Very High (more than 20% change) • 25%
Moderate (5% to 10% change) • 25%
High (10% to 20% change) • 25%
Low (less than 5% change) • 25%
No • 50%
Yes • 50%
Less than $10,000 • 25%
More than $30,000 • 25%
$20,001 - $30,000 • 25%
$10,000 - $20,000 • 25%
