, our daily newsletter explaining what happened today in crypto markets – and why. Coming April 4.progress in cease-fire talks
. 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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