Bitcoin market volatility has persisted as the U.S. dollar continues to swing back and forth as the market attempts to determine the odds of a fiscal stimulus package. The leading cryptocurrency recently plunged $150 in a manner of minutes as the U.S. dollar rapidly jumped higher in an odd bout of price action. The futures market has felt this volatility, with derivatives tracker reporting millions of dollars worth of liquidations.
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Bitcoin has exhibited strong volatility over recent hours as the U.S. dollar has swung back and forth. The cryptocurrency plunged from its daily highs near $11,620 to $11,460 in the span of thirty minutes just an hour or two ago.
The U.S. dollar is bouncing back and forth as the market tries to price in the chances of another fiscal stimulus package passing. President Trump has been tweeting about the subject matter,