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New York CNN Business —
Is the crypto winter finally over? (And in the scorching heat of summer no less?)
Bitcoin prices have stabilized around the $23,000 to $24,000 level after plunging below $20,000 in June.
The prices of ethereum and other leading digital currencies have also rallied in the past two months, leading to hopes that this nascent market may have reached its bottom.
But the optimism could be premature, and fleeting. Companies with direct ties to the crypto landscape continue to struggle.
Coinbase reported a loss for the second quarter after the closing bell Tuesday. That follows Monday’s revenue warning from Nvidia (NVDA), whose graphics cards are a key component in many bitcoin mining rigs.
With all this in mind, some experts think that bitcoin may be stuck in...
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