Understanding The Risks: Why Bitcoin’s Price Soars But Remains Volatile
10 Mar 2025
Bitcoin, the most widely used cryptocurrency, is in the news as its price breaks above $91,000. With projections reaching as much as $1 million by the end of the year, this sudden upsurge has raised both excitement and alarm among investors and experts alike. But even with its phenomenal growth, Bitcoin is a very volatile commodity—its price determined by a multitude of uncontrollable variables. Bitcoin's Meteoric Rise In the last week, Bitcoin witnessed a sharp 10% hike in hours, taking its value far beyond the $90,000 mark. This rollercoaster ride speaks volumes about the sudden fluctuations which have become a hallmark of the crypto market. Most analysts refer to President Donald Trump's new policies as a trigger for the rise, predicting that his proposed crypto summit—a move to be organized during his expected second term—would keep the optimism quotient high in the market. Trump's Crypto Influence...
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