Published on: Friday, 09 August 2024 ● 2 Min Read
DUBAI, UAE, Aug. 9, 2024 -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, is pleased to release its latest Crypto Derivatives Analytics Report - Option Volatility Shows Worst Time Might Be Over.
The report unveils a complex interplay of macroeconomic factors and market sentiment that shaped the recent crypto landscape. As the dust settles on a week of heightened volatility, triggered by the unexpected nonfarm payroll figures, the report offers crucial insights into the market's behavior.
While the crypto market has historically mirrored broader economic trends, this latest downturn presents a nuanced picture. Unlike previous sell-offs characterized by forced liquidations and extreme volatility, the recent decline appears more contained.
Key Findings:
These findings suggest that while the crypto market remains susceptible to macroeconomic shocks, its resilience may be improving. However, as the report emphasizes, the situation is fluid, and investors should closely monitor market developments.
#Bybit / #TheCryptoArk / #BybitResearch
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
No comments posted
© 2019 KIVAA Group | All right reserved. www.theindustrial.in
Leave a reply: