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Bitcoin's recent drop shows acute volatility remains a hallmark
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business-standard.comBitcoin has lost almost 20% in less than two weeks, proving that extreme volatility remains a hallmark of crypto investing.
Yet in the world of Bitcoin, it’s largely business as usual with bullish conviction intact -- in contrast to traditional markets where moves on this scale are met with alarm. The largest cryptocurrency edged higher after earlier slipping as much as 3.4% to $55,663 on Friday.
“This correction seems more like a natural breather in a bull run, as well as a healthy flushing out of leverage,” said Noelle Acheson, head of market insights at Genesis Global Trading. “Meanwhile, mainstream awareness continues to spread, adoption continues to grow, market infrastructure continues to develop, and the Taproot upgrade sets the
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