Bitcoin Price Bounce Back Above $51K as Implied Volatility Nears Early January Levels

Bitcoin price finally broke above $51,000 to register a new weekly high of $51,681 after spending the second half of February under $50K. The ongoing price recovery is being attributed to various bullish on-chain metrics that include continuous institutional purchase, exchange outflows, lowering implied volatility, and stable funding rates. The top cryptocurrency’s implied volatility is The post Bitcoin Price Bounce Back Above $51K as Implied Volatility Nears Early January Levels appeared first on Coingape.