How to Invest in Cryptocurrency
Cryptocurrencies can open your portfolio to new investing opportunities. Cryptocurrency's popularity has reached mainstream investors, but a recent swoon in these coins' value has many questioning whether crypto is more of a risk or an opportunity for them. While there are differing opinions about the future prospects for Bitcoin (BTC) and other cryptocurrencies , crypto assets have catapulted in popularity and are gaining widespread demand from investors globally. But there is a crack in crypto's bullish streak. Bitcoin's price dropped nearly 50% between late December 2021 and a mid-May low, and as of June 2 was still hovering around $30,000, a far cry from the all-time high near $70,000. Other crypto assets are also struggling. Ether (ETH) is down roughly 50%, Cardano (ADA) is off by 54% and Polkadot (DOT) has dropped 63% year to date. Still, Bitcoin had a market capitalization exceeding $570 billion as of June 2, greater than tha...