Despite its irrepressible market appeal, cryptocurrencies such as bitcoin still labour under a shady reputation, given a history of scandal and sudden price collapses, coupled with its popularity among cybervillains. “Bitcoin is notorious for its frequent and substantial price fluctuations, making a potential downturn unsurprising as this volatility often reinforces its reputation as a highly volatile asset, particularly for those new to cryptocurrency markets,” said XTB analyst Walid Koudmani.