The recent drop in Bitcoin's volatility signals potential bullish trends for the current spot price. Key points to note include: the 30-day implied volatility index for Bitcoin showing a significant decline, which suggests less panic and a chance for further stabilizing volatility; XRP is finding support around $2.20, indicating potential for upward movement; Ether continues to rise with solid buying interest; and Solana is hinting at a possible breakout.
This analysis comes from CoinDesk analyst and Chartered Market Technician Omkar Godbole.
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