Bitcoin has had a volatile week, suffering sharp price fluctuations as global macroeconomic uncertainty heavily influences investor decision-making.
The doubts that are gripping the markets have been evidenced by a notable decline in global bond yields, which recently reached their lowest in more than 100 years, according to Bank of America Merrill Lynch research reported on by MarketWatch.
Many traders have been spooked by concerns about the trade war between the U.S. and China, uncertainty surrounding the value of the Chinese yuan and worries about the potential of a no-deal Brexit.
Against this backdrop, bitcoin rose to more than $12,300 on Tuesday, August 6th, up close to 19% from its intra-week low of $10,366.33, reached during the evening of Friday, August 2nd, CoinDesk data shows.
FULL ARTICLE: https://www.forbes.com/sites/cbovaird/2019/08/09/bitcoin-finishes-a-volatile-week-as-traders-flock-to-safety/#7c3a297b4f4e