Bitcoin’s price is just as likely to fall back down as it is to continue climbing. The future of cryptocurrency is sure to include plenty more volatility, and experts say that’s something long-term crypto investors will have to continue dealing with.
Read moreWhy are Bitcoin prices falling?
The values of risky assets—like Bitcoin—tend to decline in the wake of the Federal Reserve making policy changes to become more fiscally conservative . More broadly, as Bitcoin matures and becomes more widely adopted, the price of Bitcoin is increasingly correlated with the prices of traditional assets like stocks.
Read moreDoes Bitcoin go up during the week?
It indicates that the large holders of the cryptocurrency, so-called bitcoin whales, are active during the weekend to amass or offload bitcoins in big number and cash in the weekend price swings.
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