BTC fell below $21K on Friday, August 26, 2022, as crypto remains very uncertain. The number one crypto has been in trading at a relatively tight price between $20,000 and $25,000 over the last few weeks since its huge drop. Crypto analysts posted to possible economic recession, growing rise of interest rates, and the ongoing war in Ukraine, including the inflation rate at its 40-year record high for why the reasons of prices in the crypto and also in the stock markets. The two markets has has been on the same trend lately, which creates difficulties for both investors, analysts say.
The father of all cryptocurrency hasn’t been above $50k for almost 9 months now. And despite the volatility, BTC’s price has seen a nearly 70% off as its value dropped since its all-time high above $68,000 on November 10, 2021.
As of this writing, BTC is trading at $19,851.18 per coin. Source: https://coinmarketcap.com
Should you start buying cryptocurrency now?
Some may say yes, but don’t take their words on your investments. You still have to do your own research to better protect yourself from crypto volatility. We suggest the DCA or Dollar Cost Averaging to reduce your losses if uncertainty happens.