The 14% range between Bitcoin’s low and high price on Tuesday was its biggest price swing of the year, according to data compiled by Bloomberg.
Bitcoin is rallying back toward all-time highs after its surge to a record on Tuesday was met with massive selling, resulting in the cryptocurrency’s most volatile price action of the year.
The more-than 14% range between the low and high on Tuesday was its biggest price swing of the year, according to data compiled by Bloomberg. The combined figure of more than $1 billion is among the highest since the pandemic-era bull run in digital assets, according toEven with the latest dip, Bitcoin’s almost 58% advance so far in 2024 outstrips global stocks, supporting optimism across the digital-asset market. A gauge of the largest 100 tokens is up about 55% over the same period.
The net inflow of about $8.6 billion is colliding with a looming slowdown in Bitcoin’s supply growth, the so-called
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