Bitcoin had a wild day, ranging between $96,400 and $96,400.
It began rising slowly at 6:00 AM and reached its highest point at $96,450.72 at midday. But as the afternoon went on, the momentum started to slow down.
The biggest event occurred at 4:43 PM EST, when Bitcoin jumped above $2,400 and reached $96,444.20, a 2.55% increase.
The volatility of today’s market highlights the possibility of significant gains and losses and demonstrates the erratic character of cryptocurrency markets.
Questions about what caused this abrupt surge and what the future holds for the digital currency are raised by such swings, which serve as a reminder that in the world of Bitcoin, things may change drastically.
Source (CNBC)
