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Bitcoin Volatility Jumps to Three-Month High After Late Plunge
Bitcoin volatility is back to levels not seen since early November, thanks to a sudden tumble toward the end of the U.S. day. Historical swings over the past 10 days on the Bitcoin-U.S. dollar pair surged to 65% on Wednesday, the highest level since Nov. 6, according to data compiled by Bloomberg. Bitcoin plunged in that session, going from being little-changed at $10,168 around 5 a.m. Hong Kong time to a drop of more than 8% to $9,327 about 45 minutes later. It recovered somewhat after that, and traded at $9,572 as of 10:50 a.m. “It could be a technical move with highly leveraged derivatives positions getting ... (full story)
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- Feb 20, 2020 5:19am Feb 20, 2020 5:19am
- TudorIoan
- Joined Dec 2015 | Status: Member | 3436 Comments
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- Feb 20, 2020 6:06am Feb 20, 2020 6:06am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Feb 20, 2020 6:39am Feb 20, 2020 6:39am
- TudorIoan
- Joined Dec 2015 | Status: Member | 3436 Comments
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