- July 25, 2021
- Posted by: Stratford Team
- Category: Business
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- Bitcoin has been stuck in a rut since hitting record highs in April of nearly $65,000 per coin.
- Many top cryptocurrencies have retraced gains from earlier this year.
- Experts told Insider that the ecosystem is still thriving, and now is the time to gain exposure.
Over the past few months cryptocurrencies far and wide experienced a period of weakness after bitcoin, which remains by far the top cryptocurrency by market cap, fell from its record high of almost $65,00 in April.
On July 20, the leading cryptocurrency was dealt another blow when it dipped below the $30,000 support level after hovering around the mark for over a month.
By technical definition, bitcoin is now in
bear market
, or a more than 20% decline over an extended period. Nicholas…
