Cryptocurrencies like bitcoin BTCUSD, +0.49% and ether ETHUSD, +1.56% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -2.36% and Citibank .
The total market cap for all crypto nearly hit $3 trillion during parts of 2021 and companies like Robinhood HOOD, -6.86%, Coinbase COIN, -12.13% and Crypto.com capitalized on higher volume of crypto trading.
As the interest in crypto continues to rise, so does the interest in crypto prices.
Here’s how crypto prices changed in May 2022:
Bitcoin
Prices for bitcoin dropped 20.08% lower during May, continuing a soft 2022 for the crypto.
Despite bitcoin’s lower prices, not many investors are trying to “buy the dip,” according to a note on Tuesday by Glassnode.
“The recent sell-off, and lower prices has not yet inspired an influx of new users to the space, and only the HODLers remain,” the analysts wrote. HODLers is slang for people who buy crypto with no intention of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...