Massive Bitcoin Volatility as US Inflation for February Clocks at 7.9%

As the February Consumer Price Index numbers were released, the Bitcoin price went on an incredible rollercoaster ride.

Market volatility continues to be high. The market continues to be turbulent after soaring from $39K up to $42K, then falling back to $39K within 40 hours. These numbers are unprecedented in recent decades. Bitcoin’s price reacted quickly. In just minutes, it soared to $40.3K and then dropped to $38,500 in a matter of minutes. The current price is $39K at the time of writing.

Source: TradingView

Coinglass data revealed that volatility caused over $44 Million worth of liquidated positions within the hour.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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