Bitcoin Steadies but Investors Brace for More Volatility

Bitcoin Steadies but Investors Brace for More Volatility
A representation of virtual currency bitcoin and small toy figures are placed on a computer motherboard in this illustration taken on Jan. 7, 2021. Dado Ruvic/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The price of bitcoin has steadied after a spectacular flash crash pushed the cryptocurrency down nearly 19 percent intraday on Sept. 7—the day El Salvador adopted it as legal tender—but analysts say investors should brace for more volatility.

“Post liquidations can push prices around for a few days,” cryptocurrency technician Daniel Joe wrote in an analytical note on CryptoPotato.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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