"Volatility is as outdated as the hills, and it’s not going anywhere," Noble says. Many traders see bitcoin’s value swings as a part of the game, however "volatility is tough for individual traders to deal with," Noble says. Shortly after bitcoin’s latest all-time high in November, Ethereum marked its own new all-time high when its price went over $4,850. Bitcoin hit its first excessive of the yr in 2021 when it went above $60,000 in April, and the price motion since then highlights the cryptocurrency’s volatility in a time when more and more individuals are involved in getting in on the action. Recent price fluctuations highlight the heightened volatility that crypto has been recently experiencing, possible due to poor macroeconomic headwinds and the recent bankruptcies within the crypto world. Ethereum has seen comparable volatility following the most recent excessive. Since it tested a new 2020 high of $9k, Bitcoin (BTC) has paused, correcting lower to $8,950 at press time. At the press time, Bitcoin (BTC) is down by about 5 p.c on the day. He pointed out that the bear flag that accompanied the latest downtrend projects a move to $6k, which might mean a decrease of about 25 p.c from the current stage of the coin.