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Bitcoin proves just how volatile it is

Published

5 years ago

May 24, 2021

Bitcoin has continued to prove to investors how volatile it is

At the weekend, the world’s largest digital coin Bitcoin traded at just over $33,000. This put the coin down 13% and well below its 200-day rolling average.

The slump in Bitcoin was also seen in other cryptocurrencies, including Ethereum and Dogecoin.

But this all followed Bitcoin climbing more than 8 percent earlier in the weekend, following a tweet from Elon Musk.

Edward Moya from Oanda Corp says “Bitcoin has two problems – ESG and decreasing reliance on China, both of which could take some time.”

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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