Bitcoin Rallies Keep Getting Quickly Sold — What’s Up?
The world’s largest cryptocurrency is lacking sustained momentum, the price selling off shortly after each attempted leg higher.
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Bitcoin Price
The world’s largest cryptocurrency is lacking sustained momentum, the price selling off shortly after each attempted leg higher.
Prior uneventful periods preceded major eruptions in volatility for BTC’s price, crypto analytics firm K33 Research noted.
Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.
The recent collapse of three high-profile banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud.