Cryptocurrency Market Remains Bearish as Risk of Crash Subsides

IconCryptoNewsTerminal Staff18 Aug, 2024

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Cryptocurrency Market Remains Bearish as Risk of Crash Subsides

Cryptocurrency analytics firm Greeks.live has reported that the cryptocurrency market continues to exhibit bearish trends, although the risk of a significant market crash has diminished. According to Adam, the firm's macro researcher, implied volatility (IV) levels in major expiration options are declining. Bitcoin has been trading within a wide range since March 2023, while Ethereum (ETH) continues to show signs of bearishness. This week is expected to be significant for macroeconomic events, including announcements from central banks worldwide that could influence the market's trajectory.