Crypto Bitcoin Drops By 6 Percent Today

[Good-Guy]

Cryptocurrencies are one of the most volatile things I have ever seen. I was never expecting cryptocurrencies to be that volatile, but it looks like the cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, etc are far much more volatile than stock prices and gold prices. You can gain a lot of profits in one day and lose money in one day. Right now the price of Bitcoin has dropped by 6 percent and this caused the bitcoin to tumble back to $60,700. This might be a bad news for short-term traders. Moreover, the price of other coins like Ethereum, Bitcoin Cash, etc also fluctuated a lot. The only thing we can do now is wait. So, how much money did you lose right now?

 

[Lens1000]

When it comes to market fluctuations, cryptocurrency market leads. Forex and the stock markets is a more stable investment because it is less volatile when placed side by side with cryptocurrencies. However, the volatility is what keeps cryptocurrency investment very interesting.