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Watch Here’s Why Bitcoin Might Be About to Make New Highs Financial News Video

Watch Here’s Why Bitcoin Might Be About to Make New Highs Financial News Video

“Bitcoin could be headed for another meteoric rise, but it’s clear the cryptocurrency hasn’t shaken the curse of volatility.

“Its value surged on Wednesday, passing the $13,000 mark, before it shed about $1,000 within minutes. Around 6 pm ET, the currency was back to a $12,400-plus valuation.

“The reason for the sudden midday sell off wasn’t immediately clear.

“But cryptocurrencies are known for price swings. A previous bitcoin craze hit a fever pitch in 2017. Bitcoin soared from just a few hundred dollars apiece in January 2017 to more than $20,000.

“But it came crashing down again. BItcoin’s value was still hovering around the $3,000 mark four months ago.

“Experts say a weakening US dollar and fresh discussions about regulating digital currencies are fueling the latest spike in demand.”

Read more at CNN

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