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news.com.au 23 Nov, 2021 10:00 am

Experts believe the latest cryptocurrency crash is not that bad

Experts believe the latest cryptocurrency crash is not that bad
Recent crashes into cryptocurrency have more people interested in investing in the volatile market but one expert says don’t expect a rapid return on your spending.

It is worth noting that in 2015 one Bitcoin was worth over $450,000.An example of this would be if you set up a recurring order that purchased $100 worth of Bitcoin at the start of every month.The latest $10,000 crash has been seen as a minor fluctuation for the currency.If you take that into consideration the $10,000 drop is not a huge amount.

For Bitcoin it has gone from $89,000 to $79,000,” she said.The price drop has been put down to a range of factors including the US Securities and Exchange Commission’s rejection of a spot Bitcoin exchange-traded fund and China’s clampdown on Bitcoin mining.

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