The fluctuation peaked when Bitcoin dropped to $ 10,891.32 / coin at 14h22. Bitcoin has lost nearly half its value. It is also the biggest shock that investors face in the 24 hours crazy.
Started at dawn on Dec. 22, UTC Time. Bitcoins have high volatility. At 3:20 pm EST, Bitcoin slipped to $ 13,664.72 per coin, though several days earlier, Bitcoin climbed to nearly $ 20,000.
However, this is just the beginning.
When Bitcoin rebounded to $ 15,000 / coin for more than an hour, many investors were relieved. However, the devastating slippage began not long afterwards. After reaching the $ 14,960 / coin level at 5:05 pm, Bitcoin started to slide long slopes when reach bottom breaks.
The fluctuation peaked when Bitcoin dropped to $ 10,891.32 per coin at 14h22. Compared to the peak of $ 20,000 / coin set a few days ago, at the price of short-term bottom, Bitcoin lost almost half of its value. It is also the biggest shock that investors face in the 24 hours crazy.
From the bottom of $ 10,891.32 / coin Bitcoin step by step recovery despite many consecutive ups and downs. At 23:00 the same day, Bitcoin again reached the peak $ 15,000 / coin. However, after a short moment, the currency continued to fall and fell below $ 14,000 / coin before ending a day of madness, with price fluctuations.
Fluctuations with Bitcoin are what investors in Bitcoin are probably familiar with. Unlike the stock market, Bitcoin does not have “circuit breaker” rules, which are important to prevent a crisis when investors simultaneously sell out. Therefore, after each shock reduction, Bitcoin prices may immediately rise again. It depends entirely on the confidence of investors.
Chris Weston, head of research at IG Markets in Sydney, said that investors share feelings, fear losing money at Bitcoin price drops or fear of losing money at Bitcoin price is the key factor. to the strong fluctuations of this currency. Bitcoin or any other currency can increase without ceiling but will fall without limit.
As of December 23, Bitcoin is trading at $ 14,340.33 per coin. Price fluctuations continue but have a much smaller amplitude than yesterday. Bitcoin was trading at $ 13,857.15 per coin while trading at $ 13,655.92 per coin on Dec. 23.