Cryptocurrency markets are experiencing a surge in volatility, with Bitcoin prices fluctuating wildly. This volatility can be both an opportunity and a risk for traders. To mitigate risk, consider diversifying your portfolio by investing in alternative cryptocurrencies like Ethereum or Litecoin. Additionally, set stop-loss orders to limit potential losses.

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Diversification is key in volatile markets. Consider allocating a portion of your portfolio to stablecoins or altcoins with strong fundamental backings to balance out the risk.