HomeUncategorizedBTC price meets CPI as volatility ‘collapses’ — 5 things to know in Bitcoin this week By Cointelegraph

BTC price meets CPI as volatility ‘collapses’ — 5 things to know in Bitcoin this week By Cointelegraph

August 7, 2023

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© Reuters.

(BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues.

After one of its least volatile weekly closes, remains stuck at $29,000 — but can the coming seven days provide what is needed to break the deadlock?

BTC/USD annotated chart. Source: Rekt Capital/X (Twitter)
BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
Bitcoin annualized realized volatility annotated chart. Source: Checkmate/X
BTC/USD chart with trading session dominance data. Source: Cole Garner/Twitter
Bitcoin new addresses annotated chart. Source: Ali/X
Bitcoin difficulty estimator graphic (screenshot). Source: Bitrawr
Bitcoin hash rate chart (screenshot). Source: Bitinfocharts