Author: Money

The cryptocurrency market is once again proving that in order to invest in Bitcoin, Ether or any other virtual currency, you have to be able to stomach massive price drops. Bitcoin’s price was around $33,000 per coin Monday morning. That’s a six-month low and a 50% decline from its high of $68,000 in November. Ether, the second largest cryptocurrency by market value, is down near $2,200, compared to $4,800 record in November. Many other coins and tokens have gotten off to a rough start in 2022, with prices dipping sharply over the last few days. The fact that the crypto market…

When investors get stressed out, risky assets are often the first to be dumped. It seems like that is exactly what’s been happening this week, with a steep slide in prices of Bitcoin, Ethereum and other cryptocurrencies. Bitcoin’s price fell below $42,000 on Friday, the lowest it’s been since since September and about a 40% drop off its high in November. Ethereum’s price also fell to its lowest in just over three months. The crypto market’s plummet was accompanied with a slump in many tech stocks. This week’s price slide for cryptos started after Federal Reserve minutes released Wednesday revealed the central…