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Cryptocurrency update: all aboard the Bitcoin rollercoaster Strap yourself in and keep all hands and feet inside the ride at all times: Bitcoin is on another wild journey.

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The tweet-happy mogul has been at it again. Musk and co.

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As Bitcoin falls, so do other tokens. Bitcoin is actually most volatile on the weekends, so maybe this whole situation should not have come as a surprise.

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Crypto liquidations surge in 24 hours The fallout from the above has caused a surge of liquidations. While this is still significant, it is not the largest long-position liquidation to hit crypto markets recently.

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What the above shows, however, is just how volatile the sector is. But the short-term losses for Bitcoin holders are proving rather dramatic. It also goes to show how reactive crypto sellers are to single tweets.

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Asset managers take cautious crypto stance Institutional fund managers, triggered by the Tesla BTC fiasco, have expressed reservations around cryptocurrencies reports the Financial Times. The other major cause for concern is the sheer volatility of cryptocurrency.

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This latest wave of cautionary sentiment comes after Bank of England Governor Andrew Cap bitcoinmarkets last week reaffirmed his stance that cryptocurrencies have no inherent value. Share this article.

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