Bitcoin Volatility at its Worst as Crypto Ranges $2,000 in a Single Day

BTC

Before the ink could metaphorically dry or our earlier YouTube Video on how Bitcoin was approaching $15,000, the cryptocurrency broke yet another barrier, racing past $16,000.

In a manic day of trading, Bitcoin prices raced to hit $17,000, around mid-day eastern time, after which it retreated to $15,000 and then climbed back again to $17,000. At the time of writing this piece it was back below $16,000.

It is not unusual to see price volatility in a highly traded and highly speculative product, but even by its own standards, what happened yesterday was highly unusual.

The announcement of Bitcoin futures launching on CBOE and CME later this year will certainly bring some calm to the dynamic cryptocurrency, and could come as much needed relief for BTC investors going through a manic ride.

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