Bitcoin’s Volatility Tamed: ETFs Driving Stability in Cryptocurrency Market?
San Francisco, CA – Bitcoin, the popular cryptocurrency, is showing signs of stability as its price fluctuations have decreased significantly over the past decade, according to Matt Hougan of Bitwise Asset Management. Hougan, the firm’s chief investment officer, attributed the recent calmness in the bitcoin market to a balance between supply and demand, driven by the introduction of new sources of demand through ETFs. This shift has led to a more predictable market for investors. …