{"id":4664,"date":"2021-02-17T19:43:53","date_gmt":"2021-02-17T19:43:53","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=4664"},"modified":"2021-02-17T17:30:05","modified_gmt":"2021-02-17T17:30:05","slug":"bitcoins-record-price-unsustainable-without-lower-volatility","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility","title":{"rendered":"Bitcoin&#8217;s record price unsustainable without lower volatility"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>Bitcoin\u2019s charge to a record north of $50,000 isn\u2019t sustainable unless the cryptocurrency\u2019s price swings cool down quickly, JPMorgan analysts said in a note.<\/p>\n<p>The world\u2019s biggest digital currency hit a record of $51,300 on Wednesday after smashing the $50,000 mark for the first time a day earlier, fuelled by signs it is winning acceptance among mainstream investors and companies.<\/p>\n<p>Bitcoin\u2019s three-month realised volatility, or actual price moves, is 87% versus 16% for gold &#8211; an asset proponents say it could threaten, the U.S. investment bank said in a note published on Tuesday.<\/p>\n<p>The value of all bitcoin in circulation has swollen to $900 billion from $200 billion in September, the analysts said. The $700 billion jump has come the back of a total flow of just $11 billion from institutional investors into major trusts and futures markets.<\/p>\n<p>Bitcoin\u2019s limited supply &#8211; based on \u201cminers\u201d producing a set number of new coins &#8211; has led to a holders charging a premium on bitcoin coming to market, JPMorgan said. Retail flows may have also magnified institutional flows, it added.<\/p>\n<p><b>PERSONAL FINANCE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Bitcoin\u2019s charge to a record north of $50,000 isn\u2019t sustainable unless the cryptocurrency\u2019s price swings cool down quickly, JPMorgan analysts said in a note. The world\u2019s biggest digital currency hit a record of $51,300 on Wednesday after smashing the $50,000 mark for the first time a day earlier, fuelled by signs it [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-4664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin&#039;s record price unsustainable without lower volatility - South Africa<\/title>\n<meta name=\"description\" content=\"Bitcoin\u2019s charge to a record north of $50,000 isn\u2019t sustainable unless the cryptocurrency\u2019s price swings cool down quick ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s record price unsustainable without lower volatility\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s charge to a record north of $50,000 isn\u2019t sustainable unless the cryptocurrency\u2019s price swings cool down quick ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-17T19:43:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/02\/img-602d52875b029.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bitcoin&#8217;s record price unsustainable without lower volatility\",\"datePublished\":\"2021-02-17T19:43:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\"},\"wordCount\":189,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/02\/img-602d52875b029.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/bitcoins-record-price-unsustainable-without-lower-volatility\",\"name\":\"Bitcoin's record price unsustainable without lower volatility - 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