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Reasons to Bitcoin’s Volatility Could Be The Rising Popularity of Leveraged Margin Trading

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On July 10, the price of Bitcoin overcame the $13.000 mark, but then, contrary to the expectations of many traders, it sharply dropped to $12.000. The price drop hasn’t stopped and on the night of July 11, the quotes turned out to be at $11.100. Bitcoin lost in price over 10%. During July 11th Asia session bitcoin slightly recovered and trades at around $11,600 (7:00 UTC.)

The total capitalization of the cryptocurrency market dropped to $313 billion, losing about 12% during the day. According to CMC, the volume of trading in the market as a whole ...

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