Cryptocurrencies
Bitcoin Almost Wipes Out Its Mega Gain Just as Swiftly as It Came
- Largest digital token reaches nearly $14,000 before reversing
- Volatility is near highest levels since crypto bubble in 2018
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Bitcoin’s rise was meteoric this week -- and its decline has been just as swift.
It’s easy come, easy go in the crypto world, where a frenzy over Bitcoin pushed its price to nearly $14,000 on Wednesday, its highest level since January 2018. The largest digital asset then reversed course in a matter of minutes after a prominent cryptocurrency exchange reported an outage. The retreat accelerated Thursday and put the coin’s price back to nearly the same level as just five days ago.