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.”
