There is no trend towards mass withdrawals from the asset, but analysts are in no hurry to make clear predictions due to the strict US regulatory policy regarding cryptocurrencies and the general economic situation. This volatility is the result of increased “market skepticism” that has dampened business activity.
Outumuro noted that on average volatility remained below the above level for 5 weeks before leading to a 46% rise in bitcoin price – the asset is expected to rise in the same broad “corridor”.
Source: Ferra
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