Investment Banking Firm S Ta Head Suggests Bracing For Long Bitcoin Volatility Spells
During the CNBC Trading Nation show, Wald said digital assets come with an upside reward; hence investors should expect prolonged volatility. His sentiments come as cryptocurrency proponents project low bitcoin volatility as institutional investors participate more in the sector. Wald advises investors to be resilient and brace for long volatility spells. The analyst, for instance, referred to recent bitcoin performance in February. The asset dropped from a high of $58,000 to about $44,000 within 24 hours but upheld its trend lines....