Crypto Market Rebounds SlightlyMarket Rebounds Bulls Back toSpeed?

Crypto Market Rebounds Slightly

Market Rebounds Bulls Back to

Speed?

Crypto Market Rebounds Slightly Market Rebounds

Bulls Back to Speed?

The long-dormant crypto market has rebounded

slightly with the arrival of the new year, showing

brief signs of a rebound. Data shows that the crypto

market traded a total of $29.72 billion on Jan. 3. This

represents a one-day gain of 43.6%. The Bitcoin

Volatility Index rebounded to 52.08 yesterday, up

3.87% in a single day from January 2 (50.14). The

index fell to 49.67 on Jan. 1, 2023, a new low since

April 2019.

Coin prices rise as the market picks up

The rebound in mainstream Token seems to be

driving the cottage sector as well. Some

cottage Tokens, including SRM and SOL, have risen

sharply. Among them, Serum (SRM) rose to $0.17,

up 18.9% in 24 hours, while Solana (SOL) pulled up

for the second day in a row, briefly breaking $14, up

nearly 25% in 24 hours.

The Bitcoin Volatility Index rebounded to 52.08

yesterday, up 3.87% in a single day.

The BitVol (Bitcoin Volatility) Index from Bitcoin

options trading platform LedgerX rebounded to

52.08 yesterday, up 3.87% in a single day compared

to January 2 (50.14). The index fell to 49.67 on Jan.

1, 2023, a new low since April 2019. The BitVol index

is said to measure the 30-day expected implied

volatility derived from the price of tradable bitcoin

options.

BlockBeats Note- Imaging

7.2K

the volatility

21.1K the volatility

implied by the

that is inversely derived by substituting the actual

BlockBeats Note: Implied volatility, is the volatility

implied by the actual option price. It is the volatility

that is inversely derived by substituting the actual

options price and other parameters other than

volatility into the formula using the B-S option

pricing formula. The actual price of an option is

formed by several options traders competing

for the option, and thus the implied volatility

represents the market participants' perceptions and

expectations of the future of the market and is thus

considered to be the closest to the true volatility at

that time.

Although the crypto market has shown brief signs of

recovery, the current market panic index of 29 is still

in a "panic" state.

The fallout from FTX is not yet over, as FTX founder

SBF pleaded not guilty in New York federal court

to eight criminal charges related to the sudden

the collapse of FTX, with a trial date set for October

2, 2023 in U.S. District Court. DCG remains mired

in debt and has an unresolved lending matter with

Gemini. There is still a lot of uncertainty in the

the crypto market, and with the global economy not

yet recovering, it will be difficult for the crypto

community to regain confidence shortly.

Users may be reminded to be aware of the risks and

not to operate blindly.