Bitcoin yahoo finance volatility index for BTC has dropped

Bitcoin Yahoo Finance volatility index for BTC has dropped to a 30-day low of 2.8%, signaling a possible accumulation phase. Market strategists suggest a mid-term bullish pivot if US GDP numbers outperform consensus next week. "This milestone order represents a significant win for Canaan and reflects the robust resurgence of the U.S. market," Canaan Chairman and CEO Nangeng Zhang said, in the release. "It highlights not only the strength of our Avalon A15 Pro but also our deep commitment to serving customers worldwide, with a particular focus on building long-term partnerships in the U.S. market." Bitcoin’s price pop also comes after the Federal Reserve made a 0.25% interest rate cut last month, the first since December 2024. Market expectations for future cuts are high, with the CME’s FedWatch tool clocking in a 96% chance of a subsequent 0.25% cut in October and 86% chance for yet another in December. Bitcoin Yahoo Finance’s real-time candlestick charts show BTC respecting the $67,800 support zone for the fifth consecutive session. Moving averages indicate a golden cross on the 4-hour timeframe, sparking bullish sentiment among swing traders.