Bitcoin Price Dives $500 in 3 Minutes as Volatility Continues

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The leading cryptocurrency plunged around $500 in the span of three minutes just minutes ago. Bitcoin now trades for $13,000 after hitting $12,700 briefly. Analysts remain confident after that rapid move lower. Bitcoin Prices Dives Under $13,000 After Hitting New Year High What a chaotic past few days it has been for Bitcoin. The leading cryptocurrency plunged around $500 in the span of three minutes late last hour as sellers suddenly stepped in en-masse. This came shortly after Bitcoin set a new year-to-date high at $13,350, just under 1% above the previous high at $13,250. Chart of BTC's price action over the past day from TradingView.com. Source: BTCUSD from TradingView.com BTC plunged as low as $12,700 on futures exchanges such as Binance during this massive wick lower. The rapid nature of this move either suggests there was a massive market order or there was a cascade of stop losses, resulting…

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