Bitcoin faces 2024 volatility reminiscent of 2017’s rollercoaster ride

exchange681 week ago

0 0 2 minutes read

As we navigate through 2024, Bitcoin’s roller-coaster ride through volatile markets is drawing comparisons to its explosive journey in 2017. The digital asset has faced seven significant declines since January while also hitting new all-time highs with a 50% surge this year. Behind this unpredictable behavior are two pivotal driving forces: one being record profit-taking by investors, and the other, a concerning rise in speculative leverage, which has twisted the market dynamics to an extreme. But amidst this high-wire act, there’s a historical sign that might just indicate where we’re headed next. Will this signal mark the stabilization of Bitcoin’s price, or are we on the cusp of another dramatic twist?

To access this insight, connect your Solana wallet or learn more about CryptoSlate Alpha.

Unlock this insight with CryptoSlate Alpha

This insight is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.

👋 Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.

To access CryptoSlate Alpha, you will need

1. Solana Wallet

Connect a Solana self-custody wallet (Phantom, Solflare or Torus).

2. Stake ACS

Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.

Included in your membership

Exclusive Research & Analysis

Crypto, Macro & DeFi Insights

Already holding ACS? Connect & stake now →

Join Access Protocol to get CryptoSlate Alpha

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.