Unpacking Bitcoin's Largest Weekly Price Swings Since 2014

Bitcoin's wild price swings continue as regulatory shifts and macroeconomic shocks fuel volatility—with the crypto king posting the biggest drawdown in dollar terms

Image Credit: Microsoft Co-Pilot

Last week saw Bitcoin experience one of its most volatile periods in recent memory, a stark reminder of the cryptocurrency's inherent price swings. This volatility isn't an anomaly in Bitcoin's history; as the chart below illustrates, such dramatic fluctuations are a recurring theme. These extreme movements highlight the speculative nature of Bitcoin and its susceptibility to market sentiment. Let’s analyze recent events that stoked this bout of volatility in Bitcoin and the associated cryptos.