Cryptocurrencies
Bitcoin Volatility Surges Amid Flirtation With $12,000 Threshold
- Cryptocurrency’s price swings are the most in about a year
- Technical gauge suggests that Bitcoin remains overbought
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One of the most alluring aspects of Bitcoin to traders and speculators is back: Volatility.
Price swings by the largest cryptocurrency have reached the highest level in about a year in the past few weeks as the digital asset trades around $12,000. Bitcoin crashed almost $500 in a matter of minutes this morning after reaching that level, only to begin testing that high again.