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Bitcoin Price Turbulence Showcases the Advantage of Risk Management
Following bitcoin’s volatile February, investors might have hoped that March would be a tamer month for bitcoin. So far, in mid-March, that hasn’t been the case. The month began well for bitcoin prices after President Trump announced his intentions to create a strategic reserve fund for cryptocurrency. This show of support propelled bitcoin’s price to around $95,000 on March 3. However, the good times didn’t roll for long. The very next day, Trump’s planned tariffs on Mexico, Canada, and China took effect. This trade war volley sparked concerns over where risk assets would go, leading to a sell-off. ... (full story)
