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Bitcoin (BTC) Falls to $25K Before Spiking Above $26,250

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

bitcoins

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Bitcoin (BTC), the largest digital asset in the world, has experienced some recent volatility. The virtual currency fell to $25,000 and spiked after it to $26,250 in some exchanges. This volatility could be linked to different factors but BTC is moving and giving new opportunities to investors. 

Bitcoin (BTC) Experiences Volatility

Bitcoin and other virtual currencies experienced some volatility in recent days. Indeed, BTC fell to $25,000 and afterwards surged to $26,250 showing that there is real interest in purchasing BTC as soon as it falls. 

It is possible to see that as soon as BTC fell to $25,000 the price of the virtual currency could not move lower. One of the possible explanations for this is related to the large wall of buy orders that we can find at this level. 

A few hours later, Bitcoin moved higher and surpassed $26,000 earlier this morning. Therefore, Bitcoin remains in the same range as it has been for around a month. Nevertheless, $25,000 is the lowest price reached by Bitcoin since mid-June this year. 

At the time of writing this article, Bitcoin is being traded at around $26,288 and it has a market capitalization of $510 billion, as reported by CoinGecko. Investors should now analyse and see whether Bitcoin will remain in this range or if it will continue to experience further volatility. One of the things that could have an impact on the price of Bitcoin is the halving event that is expected to take place as soon as next year.