Lots of investors almost lost their hope in cryptocurrency in the month of July :

Crypto prices plunged this year, which was an unexpected occurrence which really shocked a lot of cryptocurrency traders

Over the past two years, many have poured into cryptocurrencies like bitcoin, Ethereum and solana. I believes it is a smart hedge for this investment portfolio, the rest of which is in real estate, stocks and bonds. But more than that, i feel a deep connection to the idea of digital assets, which makes the pain of bitcoin’s plunge this year a lot more bearable.
“I actually do think it has the potential to save the world,crypto holdings have lost about 40% in value this year.
Some investors buy cryptocurrencies as if they are stocks, holding them in a crypto exchange and hoping prices rise so they can make a profit. Others deposit their crypto into yield-earning accounts with firms that then invest those digital assets or lend them out to others for a fee. Bitcoin, the biggest cryptocurrency, is riding the wave of July’s market rally. It is up about 28% in July, but is still down about 65% from its November record high.
Source: https://www.google.com/amp/s/www.wsj.com/amp/articles/crypto-prices-crashed-but-true-believersare-holding-on-11659143571

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