Bitcoin Is Crashing, But Is This Drop Irrational?

Bitcoin Is Crashing, But Is This Drop Irrational?

Bitcoin has had an interesting history—and one that gives it a reputation for volatility. In many ways, this volatility is understandable; even if the cryptocurrency has a bright future ahead of it, it’s still a relatively new type of asset, and investors aren’t sure how to fairly price it compared to the dollar. But in other ways, the volatility seems irrational, fluctuating wildly in response to variables that may or may not matter to the future of the currency.