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⭕️BITCOIN'S VOLATILITY: REASONS AND OUTLOOK

⭕️BITCOIN'S VOLATILITY: REASONS AND OUTLOOK

Day: 08 | Time: 14:54 The value of Bitcoin remains extremely volatile, with a 23% drop from its peak of $74,000 earlier this year. The reasons for this volatility can be attributed to several events. One of them could be the expected payment to creditors of the former exchange Mt. Gox, which could lead to a massive sell-off of Bitcoin. Additionally, German authorities have sold confiscated Bitcoin worth $500 million, contributing to the price decrease. Lastly, decisions on interest rates by the US Federal Reserve can influence Bitcoin's volatility. Despite this, analysts are still optimistic about the future of Bitcoin and predict new all-time highs.

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