RATE Group | Bitcoin Volume Expected To Plummet; JPMorgan Spinoff Launches Hybrid Blockchain
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Bitcoin Volume Expected To Plummet; JPMorgan Spinoff Launches Hybrid Blockchain

26 Jan Bitcoin Volume Expected To Plummet; JPMorgan Spinoff Launches Hybrid Blockchain

Posted at 21:22h in Bitcoin News by

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CRYPTO MARKETS

Bitcoin gave up some of its January gains this week as it fell 10% over a period of seven days after climbing above $9,000 last weekend. On Thursday alone, the digital asset lost 3.6% in a matter of hours.

While the cryptocurrency might face additional losses in the short term, Tim Enneking, managing director of Digital Capital Management, said that in the long term, he is looking for bitcoin to bounce back.

“The downward corridor of the past six months has been pretty solidly broken to the upside,” he said. 

EXPECT VOLATILITY FOR THE YEAR OF THE RAT

Bitcoin traders and investors have been warned to expect bitcoin volatility this weekend due to Lunar New Year celebrations in China.

“The Year of the Rat starts this…

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