Bitcoin Volatility Provides a Wild Ride for Investors

Bitcoin (BTSC)  has been on a wild ride during the past week. 

The cryptocurrency started off on Friday afternoon priced at $53,670, but by late Friday night and Saturday morning, it fell 20%, all the way down to $42,000 at one point, The Wall Street Journal reported. 

But then bitcoin started rebounding at the start of the week, and was up to $50,528 on Tuesday afternoon, which is still down from its high of $68,990 in November.

Up And Down

The popularity of cryptocurrency has been on a modest if steady increase during the past two years, going from being largely a concern of the extremely online to something investors are more broadly dipping their toes in. 

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