RATE Group | Cryptocurrency Investors Around the World are Feeling the Pinch
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Cryptocurrency Investors Around the World are Feeling the Pinch

22 Aug Cryptocurrency Investors Around the World are Feeling the Pinch

Posted at 11:54h in Cryptocurrency News by

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Bitcoin continues to be the subject of controversy among both educated financiers and the public. Some believe crypto will one day replace both fiat and credit cards and stand as the financial king of the monetary arena. Others, however, are convinced that digital assets will disappear faster than we expect – a one-time fad that will run its course and eventually die out.

Bear Market

Jump and Fall, Jump and Fall

One of the big arguments against virtual money is its volatility. Cryptocurrency is known for swinging up and down in impressive fashion. Last year, bitcoin rose all the way up to $19,000 – its highest position in history, while other entities, like Ethereum, were trading for roughly $1,400. The crypto market felt rock solid, and investors were feeling proud of themselves…

But since January of this year, crypto has been sinking deeper and deeper into oblivion. Bitcoin, for example, has lost over 70 percent of its value, and is now trading for about $6,400 at press time….

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