Cryptocurrencies

Bitcoin's Daily Trading Range Falls From $4,700 to $124

Cryptocurrency mining rigs operate in a cargo container at the Golden Fleece cryptocurrency mining company in Kutaisi, Georgia.
Photographer: Daro Sulakauri/Bloomberg

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By Matt Turner and Brandon Kochkodin

May 2, 2018 at 2:11 PM UTC

This article is for subscribers only.

Volatility might be off the floor in equity markets, but in the crypto world it’s heading down to levels not seen since last fall. The spread between Bitcoin’s daily high and low price has trended back toward $100. That’s a steep drop from December, when prices saw a record swing of about $4,700 in a single day.

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