Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials
Bitcoin price action shows cryptos vulnerable to commentary and governmentpolicies Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles Volatility major issue: In 3 days btc fell40% before bouncing25% off lows BIS staterisks of cryptoscannot yet be fully assessed and saystechnology still unproven Apple and Google developing a payment API for cryptos may give governments full oversight Bitcoin and cryptos current volatility and exposure to governmentsunderlines gold's safe haven status Courtesy of CoinDesk Even for bitcoin last week was an eventful week. The price hit a recent low of $2,980, falling 40% and recovering [...]