Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure

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MARKET WRAP: Volatility is fading as the rally in crypto and stocks continues. But bitcoin $BTC miners are starting to realize gains – a possible source of selling pressure.

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. Traditional safe havens such as gold and the U.S. dollar declined during the New York trading day, while the Chicago Board Options Exchange's CBOE Volatility Index , a popular measure of the stock market's expectation of volatility based on S&P 500 index options, reached the lowest level in a month.

Fading volatility indicates less fear among market participants, which could support the current relief rally across speculative assets."Bitcoin is going along with the rise of stock indices and often even acts as a leading indicator of investor sentiment," Alex Kuptsikevich, a trader at , wrote in an email to CoinDesk. That means a temporary pullback in bitcoin could precede a drop in equity prices.

 

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