Bitcoin's volatility has significantly decreased, with data showing it's now behaving more like a traditional asset.
The iShares Bitcoin Trust (IBIT) volatility is just 1.28 times that of the S&P 500, a significant shift from last year's 5.7 multiple.
Binance Research notes Bitcoin's growing reputation as a hedge against global turmoil, citing a BlackRock study showing a 37% average gain post major geopolitical events since 2020.
Analysts are cautious despite recent positive movements, questioning whether Bitcoin's reduced volatility can lead to sustained strength.