Bitcoin is down nearly 30% from its record high — history shows that's normal
Bitcoin
Bitcoin 's more than 30% drop from its record high underscores the volatility that has come to characterize the cryptocurrency. Moves from previous cycles not only show how the current price swings are all part of bitcoin's normal operating pattern but also how they may often precede a rally, according to figures compiled by CoinDesk Data for CNBC. Bitcoin, the world's largest cryptocurrency, dropped to a low of around $80,000 late last month before staging a rally and falling again this week.
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