Home Latest a crypto rout continues ahead of North American trading

a crypto rout continues ahead of North American trading

Forex, video, latest February 23, 2021 8:01 pm

Bitcoin down 17% on a day to near $45,000

Bitcoin D1 23-02

a equities selloff is abating somewhat but a rout inside cryptocurrencies is still continuing, with altcoins also taking a plunge alongside Bitcoin today.

  • Ethereum -22% ($1,394)
  • Ripple -26% ($0.41)

As much as a speculative frenzy has been a stunning visual inside a market since late last year, this serves as another reminder of a volatility associated with cryptocurrencies.

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From its record high over a weekend, Bitcoin is down by roughly 20%. However, when youre go return to a spike since Tesla’s announcement two weeks ago, price is still almost 20% higher since then even after accounting for a drop inside a past two days.

That puts a bit more perspective on things when viewing price action inside cryptocurrencies as a volatility swings can become brutal to deal with. As such, if one is to stay invested or is thinking about it, risk management needs to become a number one consideration.

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