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Bitcoin’s latest slump shows why people should be cautious before investing in cryptocurrency
In the last few weeks, bitcoin has been on a wild ride, surging to record highs and then wiping hundreds of billions of dollars from the cryptocurrency market days later. The volatility shows why curious investors should pause before putting money into the cryptocurrency. Bitcoin had an epic runup early in 2021. The asset hit a record high of $41,973 on Jan. 12, according to data from Coin Metrics, but just days later fell about 15%, wiping as much as $200 billion from the cryptocurrency market in just 24 hours. The next week, it regained some of its losses, surging to near $40,000 before reversing course yet again. ... (full story)
