If there’s one word that describes Bitcoin and cryptocurrency, it’s volatile. Crypto prices soar and then seem to crash almost as quickly, while rumors, sentiment, and fundamental developments are quickly factored into the market.
For example, Bitcoin was skyrocketing in April 2021, hitting an all-time high of more than $64,000. But just three months later the cryptocurrency had lost more than half its value, plummeting to under $30,000. Then in November 2021, Bitcoin hit an all-time high again, at nearly $69,000, but by late January had plummeted by more than 40 percent.
Bankrate: https://www.bankrate.com/investing/bitcoin-and-crypto-crash-what-investors-should-do/
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