Prices of Bitcoin and many other cryptocurrencies have gone down recently. As we approach a crypto winter (I think) we’re seeing shoes drop. There may be a few more pieces of bad news to come, but who knows how much that’ll impact cryptocurrency prices. Some people believe that we could still see a drop of a few thousand more in the price of bitcoin. I didn’t buy much, if any, Bitcoin around the peak so my average cost is still low. I plan on buying in small increments over the next 6 months to a year. I try to buy on days when bad news comes out, because there’s almost always a bounce back and if not, at least it was more on sale that day.
Here are a few articles you might like:
https://www.msn.com/en-us/news/technology/binance-backs-out-of-deal-to-buy-ftx/ar-AA13VULw
https://finance.yahoo.com/news/exclusive-behind-ftxs-fall-battling-044523595.html