A $1,800 Drop in Minutes: Bitcoin Volatility on Full Display
This week’s jump in Bitcoin prices revived themes well known to the digital currency that inflated then burst less than two years ago. Among them: enormous volatility, and exchange overloads.
Bitcoin soared as much as 39% this week to $13,852, the highest since January 2018. But it hit a brick wall around 4:30 p.m. New York time Wednesday, plunging more than $1,800 within about 10 minutes. Moments later, prominent cryptocurrency exchange Coinbase Inc. reported a system outage, which was resolved after an hour. Swings continued Thursday, with the coin anywhere from down 7.3% to up 4.8%.
Source of shared Link
My previous dlike posts :
- 'Phase Zero' of a New Ethereum Blockchain Could Go Live Next January - CoinDesk
- Trump says Iran 'made a very big mistake' by shooting down drone - Reuters
- Military operation against Iran was set before White House called it off - CNNPolitics
- The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?
- Malta to Register All Rent Contracts on Blockchain - CoinDesk
- Bitcoin Price Hits $11,300, Up 170% This Year
- Wait for October: New Bitcoin Miner Demand Is Again Outstripping Supply - CoinDesk
- Bitcoin price races past $12,000 as Ethereum, XRP, and Litecoin pairs get decimated | CryptoSlate
- Bitcoin Is Still Climbing: Is This Time Different?
- 5 Industries That Will be Revolutionised by Blockchain
You just received a 7.63% upvote from @honestbot, courtesy of @discernente!
You got a 3.88% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
This post has received a 21.10% upvote from @lovejuice thanks to @discernente. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
You got a 33.33% upvote from @redlambo courtesy of @discernente! Make sure to use tag #redlambo to be considered for the curation post!
Thank you so much for using our service! You were protected from massive loss up to 20%
You just received 14.35% upvote from @onlyprofitbot courtesy of @discernente!
More portion of profit will be given to delegators, as the SP pool grows!
Comment below or any post with "@opb !delegate [DelegationAmount]" to find out about current APR, estimated daily earnings in SBD/STEEM
You can now also make bids by commenting "@opb !vote post [BidAmount] [SBD|STEEM]" on any post without the hassle of pasting url to memo!
* Please note you do not have to key in [] for the command to work, APR can be affected by STEEM prices