Bitcoin Shows More Volatility Than Ether Ahead of Halving

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let’s take a look at the chart of the day. The spread between Bitcoin and Ether’s annualized 30 day historical volatility has increased to the highest in at least a year. That’s according to data tracked by Ko Bitcoin’s annualized 30 day historical volatility rose to 60% last week. Surpassing Ether’s 30 day realized volatility by nearly 10, 10% points. So what’s the catalyst for Bitcoin’s greater volatility? Well, since the SEC approved spot, Bitcoin, ETF S in the United States, traders have been focused on ETF activity with net inflows breeding upside volatility in both Bitcoin and the broader crypto market. Meanwhile, the dwindling probability of the sec approving an E ETF seems to have de motivated Ether traders and traders are getting ready for Bitcoin’s fourth having coming up later in April, the event will reduce the per block reward to miners by 50% and could be another reason for higher volatility. That’s it for today’s charge of the day. I’m Jen Sanas. We’ll see you next time to unpack more of the data behind top news stories.