Cryptocurrency investing in 2024 is also driven by geopolitical factors, with gold and Bitcoin showing parallel hedge asset behavior amid global currency pressures. Traders are using BTC futures to balance portfolio risks against traditional market swings. Bitcoin continues to benefit from more buy-in from politicians and financial institutions. Algorithmic stablecoin Terra Classic USD ( LUNC-USD ) experienced a more significant depegging in May 2022. Terra’s stability mechanism involved a complex relationship with another token called LUNA. Unfortunately, when traders lost confidence in Terra, it forced a massive expansion of LUNA supply, ultimately causing both currencies to collapse. Cryptocurrency investing data shows Bitcoin’s 30-day volatility index has fallen to 22%, the lowest since early 2021, suggesting consolidation before a breakout. Historical patterns point to potential momentum shifts following periods of low volatility in the crypto market.