RESOLVING THE LEDGER
This is one outlet's own report from The Motley Fool — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 2 sources
The cryptocurrency market warmed up last year as the Federal Reserve cut its benchmark rates, the Trump Administration adopted crypto-friendly policies, and institutional investors increased their exposure to cryptocurrency exchange-traded funds ( ETFs ). But this year, the crypto market cooled off as geopolitical conflicts, inflation, fears of interest rate hikes, and stalled crypto legislation drove investors toward more conservative investments.
Bitcoin (CRYPTO: BTC) , the world's most valuable cryptocurrency, hit its all-time high of more than $126,000 last October. Today, it trades at about $64,000. That was a painful pullback, but it could still represent a good buying opportunity for long-term investors.
Image source: Getty Images.
Continue reading
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.