The Bitcoin price pumped hard on Wednesday, reaching a local high of more than $9,400 on some exchanges. The price move is among Bitcoin’s largest ever single-day upswings by dollar value.
There have been a total of 14 days before now that saw the Bitcoin price gain more than $1,000 in just 24 hours. However, a look into history shows that such moves might not be as bullish as one may presume.
BTC at the Races: Historic Price Moves Lead into Month of Bitcoin Halving
Bitcoin is no stranger to volatilityWe can describe volatility as how much the value of an asset changes over a given time. A volatility index... More
. In its 11-year history, the leading cryptocurrency has seen many price swings, both up and down, that make all but the most extreme moves on Wall Street look tame.
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