Bitcoin Volatility Index Surges 20% on June 3, Largest Daily Jump Since February 5

BTC-2.69%
The Bitcoin Volatility Index (BVIV) surged 20% on June 3, reaching 46.45%, marking its largest single-day increase since February 5. The sharp jump followed a 6% decline in Bitcoin's price to $66,000, which triggered increased investor hedging demand after nearly two months of relatively stable market conditions. BVIV measures Bitcoin's expected volatility over the next 30 days.
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