Topline Despite still-booming institutional adoption, the price of the world’s largest cryptocurrency is tanking Thursday morning as analysts warn of massive volatility on the horizon, pushing bitcoin’s losses to nearly 15% since an all-time high earlier this month. Bitcoin prices, however, are still up nearly 700% over the past year. Getty Images Key Facts As of 11 a.m. EDT, the price of bitcoin has tanked 9.4% over the past 24 hours, pushing its market capitalization down to about $970 billion, from nearly $1.1 trillion at the same time Wednesday, according to crypto-data website CoinMarketCap. Analysts are pinning the losses to nearly $6 billion of bitcoin options set to expire Friday, effectively forcing investors to either double-down on risky bets or unwind their positions—the perfect recipe for vol… Click below to read the full story from Forbes
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