Bitcoin’s ‘Insane’ Volatility Fueled By Massive Leverage

Bitcoin’s ‘Insane’ Volatility Fueled By Massive Leverage

Bitcoin prices have been experiencing sharp fluctuations recently, generating both robust gains and sharp losses as the digital currency swings back and forth. The cryptocurrency fell to as little as $11,202.03 shortly after midnight, down roughly 15% from the intra-day high of $13,175.69 it reached yesterday, CoinDesk data shows.