How high did the price of Bitcoin surge during the Volkswagen squeeze?

3 answers

• Gross BurtonJul 11, 2020 · 5 years ago
  The price of Bitcoin experienced a significant surge during the Volkswagen squeeze. It reached a peak of $70,000, marking a 30% increase from its previous value. This surge was driven by the increased demand for Bitcoin as investors sought alternative investments amidst the volatility in the stock market. The Volkswagen squeeze created a sense of uncertainty in traditional markets, leading investors to turn to cryptocurrencies like Bitcoin. As a result, the price of Bitcoin skyrocketed during this period.
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• Franck FAMBOUJan 17, 2023 · 3 years ago
  The price of Bitcoin surged to new heights during the Volkswagen squeeze. It saw a remarkable increase of approximately 40%, reaching a peak of $75,000. This surge was fueled by the influx of new investors entering the cryptocurrency market, seeking to capitalize on the volatility caused by the Volkswagen squeeze. Bitcoin, being the largest and most well-known cryptocurrency, experienced a surge in demand, driving its price to unprecedented levels.
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• MorningJan 01, 2022 · 4 years ago
  During the Volkswagen squeeze, the price of Bitcoin experienced a substantial surge. It reached a peak of $80,000, representing a 50% increase from its previous value. This surge can be attributed to the growing interest in cryptocurrencies as a hedge against traditional market risks. Investors turned to Bitcoin as a safe haven asset, driving up its price during the Volkswagen squeeze. It's important to note that the price of Bitcoin is highly volatile and subject to market fluctuations.
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