Bitcoin

Quai Network

Elon Musk

<p>Several years ago, if you had been told that Bitcoin would one day be the calmest asset in the market, you would probably have laughed. Well, welcome to October 2024, where Tesla, AMD, and Nvidia have taken it upon themselves to bring a good dose of stock market roller coasters while Bitcoin enjoys a well-deserved break. Let’s see how these tech giants managed to steal the spotlight from the star cryptocurrency, and whether this relative calm of Bitcoin heralds a new era for digital assets.</p>
<h2 id="h-tesla-amd-nvidia-bienvenue-au-cirque-de-la-volatilite">Tesla, AMD, Nvidia: welcome to the circus of volatility</h2>
<p>October has been a colorful month for the tech giants. Tesla, true to its reputation as an eccentric star, made headlines with a volatility of 24%. That’s well above the discreet range of <a href="https://www.cointribune.com/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">11% for Bitcoin,</a> which, for once, seems to be in “zen” mode.</p>
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<p>Tesla did not disappoint thrill-seekers with an incredible jump of +21.92% in a single day, followed by a nice drop of -8.78% a few days later. In short, it was a bit of a stock market roller coaster, with Elon Musk as the conductor.</p>
<p>AMD, another ace in tech, also made headlines. The company achieved the feat of diving to -10.62% in one day, showing that it too could offer suspense to its investors.</p>
<p>Nvidia, on the other hand, showed more modesty with 12% volatility, but nevertheless did not fail to shake up the market. In comparison, Bitcoin, with its calm pace, almost seems boring. Is tech stealing the crown of volatility from crypto? Everything suggests so.</p>
<h2 id="h-bitcoin-de-bad-boy-a-sage-de-la-finance">Bitcoin: from bad boy to wise financier?</h2>
<p>While Tesla and its friends play tightrope walkers on the stock exchange, Bitcoin is strangely stable, even serene.</p>
<p>What if this tranquility was not just a simple accident? According to some experts, this decrease in volatility is evidence of “institutional maturity” for the cryptocurrency.</p>
<p>Indeed, major financial players are increasingly interested, and their influence seemingly has a calming effect on crypto. As <a href="https://ge.linkedin.com/in/mike-ermolaev-873034257" target="_blank" rel="noopener noreferrer nofollow">Mike Ermolaev</a> from Outset PR says, “Bitcoin has ceased to be a turbulent teenager and is gradually transforming into a responsible adult.”</p>
<p>The increasingly close integration of stock and cryptocurrency markets is not unrelated to this phenomenon.</p>
<p>Now, mixed platforms allow for the exchange and securing of cross assets, creating a bridge between the two worlds.</p>
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<p>This rapprochement helps to harmonize the volatility between tech stocks and Bitcoin, each becoming calmer in the presence of the other. Who would have thought that Bitcoin would eventually benefit from frequenting traditional markets?</p>
<p>If Bitcoin continues on this path, could it become a safe-haven asset? Yes, you read that right: a safe haven. In a world where inflation is rampant and economic uncertainties keep growing, Alan Orwick from <a href="https://qu.ai/" target="_blank" rel="noopener noreferrer nofollow">Quai Network</a> sees in this stability a serious possibility. “It may be time to see Bitcoin as a modern refuge,” he suggests, as an alternative to traditional investments. As tech grapples with its ups and downs, cryptocurrency seems to offer an almost reassuring stability.</p>
<p>In the end, this October serves as a valuable lesson for investors. The rising stars of tech may shine brightly, but they can also burn out, while Bitcoin, in full transformation, seems to take a step back to better anchor itself in <a href="https://www.cointribune.com/en/stablecoins-are-driving-record-demand-for-treasury-bonds-what-is-behind-this-trend/" target="_blank" rel="noopener noreferrer nofollow">the financial landscape.</a></p>

Bitcoin In Zen Mode, And Tech In Full Storm

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