Sharp price swings have been the norm this year as macroeconomic and geopolitical uncertainty kept traders on edge.
For example, price action over the past two weeks has resembled pullbacks that occurred in the first half of February and March.
NEAR, the native token of the Near protocol, was up by 3%, while Convex Finance’s CVX token was down by 6% over the past 24 hours.
But some analysts and economists are now predicting the report might mark the peak of the current inflation cycle.
“BTC volatility markets are not showing too much panic,” QCP Capital, a crypto trading firm, wrote in a Telegram announcement.
“As a result, when prices go higher, there is much less panic or fear in the market than when prices collapse,” QCP wrote.
The chart below shows a slight uptick in the bitcoin put/call ratio, which indicates greater uncertainty among market participants.
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