In recent weeks, Bitcoin has shown decreased volatility despite ongoing interest from state structures and investors.
Bitcoin Volatility Decreases
In January, Bitcoin's volatility noticeably decreased. Throughout the second half of the month, the price remained largely unchanged except for the brief period around the presidential inauguration. Amid decreasing volatility, the transaction count stayed at the level observed at the start of the month.
States Show Interest in Bitcoin
Despite decreasing volatility, interest in Bitcoin continues to grow, especially among various states. Utah and Kentucky have announced plans to create strategic Bitcoin reserves and use it as a payment method. The legislation includes the possibility to invest in digital assets and participate in crypto lending, mining, and staking.
Bitcoin Dominance Rising
While Bitcoin's price has remained stable, its market dominance is showing positive dynamics. Bitcoin's market share rose from 54.56% to 59.67%, indicating preparation for the next volatility surge. Bitcoin remains in focus, especially from a long-term perspective.
Although Bitcoin's volatility is decreasing, interest in the cryptocurrency from both investors and state structures continues to increase, which may support its market dominance.
