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Can you explain the concept of volatility in cryptocurrency markets?

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Volatility in cryptocurrency markets refers to the extent of price fluctuations that a particular cryptocurrency experiences over a certain period of time. Cryptocurrencies are known for their high levels of volatility compared to traditional financial markets. This means that the price of a cryptocurrency can change rapidly within a short period, which can present both opportunities and risks for investors. Traders often use volatility as an indicator to make decisions on when to buy or sell cryptocurrencies.

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