Ex Bridgewater Analysts: Bitcoin Bubble Will Burst, But Crypto-Mania Is A Sign Of Far More Dangerous Market TrendMark Melin
Markets go up, and markets go down – sometimes in a dramatic fashion that can fool investors. Wednesday’s price action in the Bitcoin was quite cryptic. After starting the day just below $10,000, the cryptocurrency rocketed higher early in the US trading secession, topping out near $11,325 before giving back nearly more than a 10% daily gain to go negative, bottoming out near $9,285 before closing just above the flat line on the day. That’s one wild ride. To hedge fund managers . . .
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