Bitcoin market is like a roller coaster! The day fell by 14% and fell below $11,000.

Bitstamp data shows that Bitcoin has fallen back below $11,000, with a minimum of $1080.37, which is currently down $1,800 or 14.20%, and has risen to $13,880 on June 26.

The gains in bitcoin prices this week have rekindled the well-known theme of the digital currency, less than two years after the last bitcoin bubble burst. These topics include: violent volatility and unbearable load on the exchange.

Bitcoin soared 39% on Monday to $13,880, the highest level since January 2018. But at around 16:30 New York time on Wednesday, Bitcoin was blocked and plunged more than $1,800 in about 10 minutes. A moment later, the famous cryptocurrency exchange Coinbase Inc. The system was reported to be faulty and the fault was resolved after an hour.

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The volatility of Bitcoin is close to the highest level when the bubble burst in early 2018. Analysts said this could be a sign of future growth.

“The 20%-30% callback is not surprising and is in line with Bitcoin’s recent bull market corrections,” wrote Robert Sluymer, technical strategist at Fundstrat Global Advisors, in a research note.

Source: Sina US stocks

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