Bitcoin's Low Volatility Persists Despite Fed Rate Hike

Bitcoin's recent rally following the US central bank's interest rate hike has stalled, with the cryptocurrency trading near $29,300. BTC has experienced low volatility, with implied volatility rates at or near all-time lows. However, historical data suggests that such periods of low volatility are often followed by significant volatility spikes and upward price movements. In the Ethereum ecosystem, ZkSync Era, a zero-knowledge scaling solution, has seen a surge in daily active addresses, potentially driven by speculation about a potential airdrop.