US Experiences Heightened Bitcoin (BTC) Volatility Relative to Asia

In the latest twist of events on a rather calm Monday in the financial district, Bitcoin electrified the market by rocketing up 7%, reclaiming a value of $70,000. This surge underscores a trend where major Bitcoin price movements are increasingly unfolding during U.S. trading hours.

This tendency was similarly observed back in February when the cryptocurrency crossed the $60,000 threshold, marking its first instance since 2021, and during its march towards a new record high in March. Coinciding with this shift is the introduction of Bitcoin exchange-traded funds, which since their inauguration on January 11, have attracted over $11 billion in net new assets.