Bitcoin price volatility drops to lowest level in over a year in July

According to Forbes, data from Blockforce Capital shows that Bitcoin price volatility dropped to its lowest level in over a year in July. As of July 30th, the 60 day annualized volatility of Bitcoin has dropped to 28.53%, the lowest level since August 2023; The 30 day annualized volatility also fell to 25.26% on July 23, hitting a new low since October 2023. The price of Bitcoin fluctuated between $105000 and $122750 for the month. Market analysis suggests that the decrease in volatility is closely related to the progress of US cryptocurrency regulation: in July, the House of Representatives passed three cryptocurrency regulation bills, among which the stablecoin innovation bill has been signed into effect by the President; The SEC has released new regulations for Exchange Traded Products (ETPs) and expressed support for securities tokenization innovation. The gradual clarification of regulatory environment has reduced market uncertainty.