Bitcoin Volatility Soars Near Two-Year High Amid ETF Excitement

Bitcoin is nearing a two-year high, with increased activity in derivatives markets and a changing macroeconomic backdrop potentially leading to heightened volatility. Fidelity Digital Assets's Chris Kuiper notes that despite low volatility, some participants are becoming bullish, with metrics in Bitcoin derivatives approaching levels last seen in late 2021. The US Federal Reserve's potential policy changes and the expectation of Bitcoin exchange-traded funds also contribute to the evolving landscape. As Bitcoin trades around $46,800, market participants should brace for increased volatility ahead.