Bitcoin still astounds the financial area with its thrilling price alterations. From its early ages of few cents even per coin to today’s highs reaching more than $74,000, Bitcoin’s journey has been nothing short of remarkable. However, this journey has been marked by extreme volatility, with fluctuations of over 80% in value at times. Uncovering […]
The post Bitcoin’s Price Swings: Here is Why BTC Market is Highly Volatile appeared first on Coin Edition.
- Bitcoin’s volatility stems from its young existence, scarcity factor, and influence of large-scale investors.
- Liquidity issues in the cryptocurrency market exacerbate Bitcoin’s price swings.
- Regulatory developments and the introduction of financial products may mitigate Bitcoin’s volatility in the future.
Bitcoin still astounds the financial area with its thrilling price alterations. From its early ages of few cents even per coin to today’s highs reaching more than $74,000, Bitcoin’s journey has been nothing short of remarkable.
However, this journey has been marked by extreme volatility, with fluctuations of over 80% in value at times. Uncovering the origin of Bitcoin’s volatile nature is crucial for the success of investors and analysts as well, because that can give an indication of the future of cryptocurrencies.
The Bitcoin volatility is rooted in a diverse range of factors which take beginnings in the characteristic of the digital currency that is very young. Unlike the aged traditional assets that have a centuries-long historical data, Bitcoin and the broader cryptocurrency market are unable to maintain stability that comes from decades of influe…
The post Bitcoin’s Price Swings: Here is Why BTC Market is Highly Volatile appeared first on Coin Edition.
