Bitcoin Volatility Tightens After Prices Surge to 1-Month High

Bitcoin Volatility Tightens After Prices Surge to 1-Month High

Bitcoin prices entered rangebound trading today after soaring to their highest level in over a month. Earlier in the session, the digital currency's price climbed roughly 3%, peaking at an average of $1,054.73 – the highest since 5th January, according to the CoinDesk Bitcoin Price Index (BPI). The price rally came as traders responded to a recent uptick in market sentiment and overnight reports that the People's Bank of China's foreign exchange reserves had declined. Following this ascent, bitcoin prices pulled back somewhat, falling slightly lower to $1,046.24 by 15:30 UTC, a less than....


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