Bitcoin has had one of the most volatile trading histories ever. The cryptocurrency’s first significant price increase occurred in 2010 when the value of a single bitcoin jumped from just a fraction of a penny to $0.09. Bitcoin has undergone several rallies and crashes since it became available. This article offered some insight into Bitcoin’s volatility and some reasons why its price acts the way it does.
The record rise and subsequent fall this week shows that while many analysts remain confident a $20,000 valuation is just a matter of time, the jury is still out on the stability of cryptocurrencies as a whole.
You can read the full article here.