**Bitcoin Volatility Index Hits Lowest Level Since February at 55.59**
CryptoNewsTerminal Staff31 May, 2024
**Bitcoin Volatility Index Hits Lowest Level Since February at 55.59**
The Bitcoin Volatility Index (BitVol), a measure of the implied volatility of Bitcoin options prices over a 30-day period, has dropped to its lowest level since late February, indicating a decrease in market volatility. The index, created by crypto derivatives exchange LedgerX and financial index firm T3 Index, fell by 2.18% to reach 55.59 on the previous day. This represents a significant decline from its recent highs and suggests that investors are becoming more confident in the stability of the Bitcoin market. The decline in volatility is attributed to several factors, including the recent surge in Bitcoin's price, which has reduced uncertainty in the market. Additionally, the increasing adoption of Bitcoin by institutional investors has contributed to a more stable market environment. As the Bitcoin market continues to mature, it is likely that volatility will remain relatively low. This will make Bitcoin more attractive to investors seeking a less volatile asset class.
