Crypto Market Sees Calm After Sell-Off, Bitcoin Recovers

Despite a recent sell-off, the cryptocurrency market shows signs of stabilizing, with Bitcoin trading around $66,600 and Ether slightly up to $2,900. Volatility has decreased, with altcoins falling by nearly 37% this year, while Bitcoin has lost about 30%. Bitcoins implied volatility index, BVIV, has returned to previous levels, indicating easing market concerns. Meanwhile, Monad (MON) has doubled its debut price on South Korean exchange Upbit, surpassing Coinbases trading volume.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.