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Why Is The Price Of Bitcoin So Volatile?


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Data from Coinmarketcap.com shows a sharp decline in Bitcoin prices from $18,737.60 December 18th of last year to $6,252.44 on February 6th of this year. However, Bitcoin’s value had already increased to $9,959.84 as of February 16th at 21:00. Rather than a steady increase in Bitcoin’s price up to mid-December of last year, this reflects volatility of this leading cryptocurrency.
 

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