RATE Group | Bitcoin Has Swung 10% In Seven Days — Is It Really More Stable?
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Bitcoin Has Swung 10% In Seven Days — Is It Really More Stable?

03 Sep Bitcoin Has Swung 10% In Seven Days — Is It Really More Stable?

Posted at 06:47h in Bitcoin News by

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Balloons with a bitcoin logo at the DeeCrypto retail store selling cryptocurrency mining equipment. Photo credit: Artyom GeodakyanTASS via Getty Images)

Bitcoin, as well as the wider cryptocurrency market, has been struggling with stability for years. Over the past 12 months, bitcoin has climbed from around $5,000 to an eye-watering near $20,000 before sharply falling back this year.

The bitcoin price is now hovering around the $7,000 mark.

Later this month the U.S. Security and Exchange Commission (SEC) is due to make a decision on whether to grant approval for a bitcoin exchange-traded fund — something the SEC has previously rejected due to fears around bitcoin’s wild price swings and price manipulation.

The bitcoin price has swung from under $6,000 to almost $8,500 over the last three months.CoinDesk

A bitcoin…

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