Bitcoin is showing signs of maturity as a global financial asset, with price volatility dropping to its lowest level in more than 500 days, according to new research.
Volatility refers to the degree of variation of a trading price over time, which indicates the uncertainty about the size of changes in an asset’s value.
Bitcoin (BTC) weekly volatility hit a 563-day low on April 30, said Vetle Lunde, the head of research at K33 Research.
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million. “These increases were… Source link
