Crypto Daybook Americas: Bitcoin’s Volatility Nears Two-Year Low Signaling Mixed Market Sentiments
Your Briefing for June 4, 2025
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Current Bitcoin Price Trends
Interest in Bitcoin, trading around $105,024.85, appears to be waning as indicated by a drop in Google search trends, reflecting a significant reduction in retail enthusiasm. Searches have recently plummeted to below rank 25, marking a stark contrast to the euphoria experienced during previous peaks.
Historically low volatility supports this observation. The Bitcoin Volatility Index (DVOL) rests above 40, close to its lowest since mid-2023. Furthermore, equity in companies like Strategy (MSTR) has shifted towards issuing preferred equity due to price movement stagnation. Conversely, the iShares Bitcoin Trust (IBIT) benefits from this reduced volatility by attracting conventional investors seeking stable exposure without drastic price fluctuations.
Anticipation builds for the upcoming U.S. jobs report, with the unemployment rate projected to remain at 4.2% and non-farm payrolls estimating 130,000 for May, the weakest since February. Any variance could trigger renewed market fluctuations.
Upcoming Crypto Events
- June 4, 10 a.m.: U.S. House Financial Services Committee hearing on “American Innovation and Digital Assets.”
- June 6: Sia (SC) to activate its V2 hard fork.
- June 9, 1-5 p.m.: U.S. SEC will host a roundtable on “DeFi and the American Spirit.”
- June 10, 10 a.m.: U.S. House Final Services Committee hearing on various crypto-related measures.
Stay alert for potential market movements prompted by these events.
Market Highlights
- Bitcoin’s recent performance: BTC at $105,875.59 (+0.53%)
- Ethereum ETH trading at $2,644.68 (+1.07%)
- Other significant metrics: Gold +1.01% at $3015.9/oz, DXY remains unchanged at 99.18.
This summary captures essential developments in cryptocurrency markets as they unfold. Please reach out for any specific inquiries or further details.
