Authorization

5 crypto experts explain why bitcoin is charging back into a bull market after a brief dip below $30,000 - plus 3 under-the-radar ways to gain balanced exposure to the crypto ecosystem

5 crypto experts explain why bitcoin is charging back into a bull market after a brief dip below $30,000 - plus 3 under-the-radar ways to gain balanced exposure to the crypto ecosystem


Jose Cabezas/Reuters




Bitcoin has been stuck in a rut since hitting record highs in April of nearly $65,000 per coin.




Many top cryptocurrencies have retraced gains from earlier this year.




Experts told Insider that the ecosystem is still thriving, and now is the time to gain exposure.




See more stories on Insider's business page.


Over the past few months cryptocurrencies far and wide experienced a period of weakness after bitcoin, which remains by far the top cryptocurrency by market cap, fell from its record high of almost $65,00 in April.On July 20, the leading cryptocurrency was dealt another blow when it dipped below the $30,000 support level after hovering around the mark for over a month.By technical definition, bitcoin is now in bear market, or a more than 20% decline over an extended period. Nicholas Cawley from DailyFX said he felt investors were no longer willing to "buy the dip" and argued it could take many months for recent losses to be reversed.Since then, however, bitcoin has recovered above $30,000, and the market's panic seems to have abated - for now.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Ноябрь 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
2930