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Bitcoin’s Price Fell $30K+ Since Last Month—Why Is It So Volatile?

Bitcoin’s Price Fell $30K+ Since Last Month—Why Is It So Volatile?

Bitcoin's price has dropped by more than $30,000 in the last six weeks, a reminder that the most popular cryptocurrency's value is highly unpredictable. Even when conditions seem favorable, crypto assets can be volatile because of limited supply, concentrated ownership among "whales," and hair-trigger market sentiment. Bitcoin's volatility presents great risks for everyday investors, but also the chance for gains from significant price swings.

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