June 24, 2024
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Business

Bitcoin Investors Ponder Next Move After Stunning Price Drop

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The Street

By Rob Lenihan Bitcoin and other cryptocurrencies have been severely battered. These are times that try bitcoin investors’ souls. The cryptocurrency has been tanking for the last several days, locking arms with the stock market and falling off the edge of a cliff. ‘To HODL or Not to HODL?’Bitcoin was up 1.3% to $31,718.69 Tuesday, down 54.1% from its Nov. 10 all-time high of $69,044.77. This is significant downturn, but a report by Glassnode said it remains modest when compared with the ultimate lows of prior Bitcoin bear markets. July 2021 reached a drawdown of -54.2%, and the bear markets of…

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