Bitcoin goes wild as volatility jumps to 3-month high – Economic Times

By Joanna OssingerBitcoin volatility is back to levels not seen since early November, with the bulls and bears sparring at the $10,000 price level.

Historical swings over the past 10 days on the Bitcoin-U.S. dollar pair surged to 65% on Wednesday, the highest level since Nov. 6, according to data compiled by Bloomberg. Bitcoin plunged late in yesterdays session, going from being little-changed at $10,168 to a drop of more than 8% to $9,327 about 45 minutes later. It recovered somewhat after that, and traded Thursday at $9,537 as of 8:25 a.m. in New York.

Bloomberg

Cryptocurrencies are known for their volatility, and the largest of them has continued to live up to that reputation. Bitcoin is still up more than 30% to start 2020, which some market players attribute to a search by investors for alternative asset classes amid concerns about the coronavirus outbreak.

Bloomberg

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Bitcoin goes wild as volatility jumps to 3-month high - Economic Times