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Bitcoin’s recent drop shows acute volatility remains a hallmark
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economictimes.indiatimes.comBitcoin has lost almost 20% in less than two weeks, proving that extreme volatility remains a hallmark of crypto investing. Yet in the world of Bitcoin, it’s largely business as usual with bullish conviction intact — in contrast to traditional markets where moves on this scale are met with alarm.
The largest cryptocurrency edged higher after earlier slipping as much as 3.4% to $55,663 on Friday. “This correction seems more like a natural breather in a bull run, as well as a healthy flushing out of leverage,” said Noelle Acheson, head of market insights at Genesis Global Trading.
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