- Bitcoin dives sharply on thin volumes in weekend trading but correction is nowhere close to the bigger swings experienced in the past
- Crash for Bitcoin may have been due to alleged regulatory action against financial institutions using cryptocurrencies for money laundering, as well as possible run-up in Dogecoin into the weekend being seen as a sign of a bubble
But this weekend’s Bitcoin crash serves as a reminder that no matter how many institutional investors buy into Bitcoin, it still remains at its core a highly speculative and volatile asset.
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