Crypto prices swung wildly in a single day. Here's why that's normal for the space.

Originally reported as: “Digital assets whipsaw as bitcoin sheds 12% before paring losses”

Cryptocurrency prices dropped sharply and then partly recovered within a single day, a level of movement that would be shocking in most other markets. Crypto is known for this kind of extreme volatility, where prices can swing by double-digit percentages in hours. These swings are driven by shifting sentiment, relatively thin trading, and the fact that many crypto assets have no earnings or cash flow to anchor their value. For anyone considering crypto, the key is understanding just how large these swings can be.