The volatility of the deep V bottom has increased significantly

Bitcoin Prices hit a bottom and rebounded in the Asian session on Thursday (July 16), and price volatility has increased significantly recently.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) came under pressure from the high above 293 yesterday, plummeted to around 285 in the Asian session of this trading day, and then rebounded sharply to the 292 line.

The quotes released by KRAKEN show that Bitcoin/Euro (XBT/EUR) fell from a high of 266 yesterday, bottomed out at around 259 in the Asian session of this trading day, and then soared strongly to above 265.

The price of Bitcoin has hit a deep V bottom this trading day, and it has been the second consecutive trading day with large ups and downs. The market volatility has increased significantly recently. After losing the important factor of Greek buying, Bitcoin lacks short-term direction, and the turbulent market is expected to continue further.

In industry news, funds raised from a global bitcoin fundraiser have been donated to Tbilisi City Hall, Tbilisi Zoo and Tamaz Elizbarashvil Dog Rescue.

The Georgian Co-Investment Fund (GCF) and BitFury Group donated to the event. In addition, the two companies also cooperated with Georgian Technopark Ltd. to support the cause.

A special Bitcoin wallet was established for this event, allowing people from all over the world to donate via Bitcoin, achieving the dual effects of charity and Bitcoin promotion.