Here's Why Bitcoin Rallied 4% Off Of Today's Lows

It's been a wild and whacky 24 hours for Bitcoin (CRYPTO: BTC), and many other top cryptocurrencies as well, for that matter.As of 24 hours ago, Bitcoin was trading around $92,450 per token, sinking to an intraday low of around $89,420 at 11:15 a.m. ET, before rallying to a 24-hour high of almost exactly $93,000 per token as of 4:30 p.m. ET. That's good for a trough-to-peak move of 4.3% today. This significant intraday volatility has also been observed in other markets, with the Nasdaq (which tracks mostly technology and high-growth stocks) experiencing similar intraday moves. Thus, the entire thesis regarding the correlation between Bitcoin and other risk assets increasing appears to be at play again today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool