For example, Bitcoin has experienced rapid surges and crashes in its value, climbing to nearly $65,000 in November 2021 before dropping to just over $20,000 a year and a half later.
Cryptocurrencies traded in public markets suffer from price volatility, so investments require accurate price monitoring. For example, Bitcoin has experienced rapid surges and crashes in its value, climbing to nearly $65,000 in November 2021 before dropping to just over $20,000 a year and a half later. Bitcoin prices had roared back by mid-2024. As a result of this vast range of volatility, many people consider cryptocurrencies a speculative bubble.