Bitcoin Slips Below $50,000, As Volatility Continues

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The Street

By Dan Weil Bitcoin’s overall path has pointed strongly upward since its beginning in 2009. But it’s been a rollercoaster ride along the way. Volatility has been the rule for bitcoin since it was introduced 13 years ago. And that continues Tuesday, as the world’s biggest digital currency slid below the key $50,000 level. It recently traded at $48,923, down 5%. Bitcoin’s overall path has pointed strongly upward since its beginning in 2009 — but it’s been a rollercoaster ride along the way. Just in the past 52 weeks, the cryptocurrency has traded in a range of $25,987 to $68,790. Moves of 5% a d…

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