Dado Ruvic | Reuters
Bitcoin‘s trademark rollercoaster ride is back — and doesn’t look to be letting up anytime soon.
On Monday, bitcoin rebounded and traded up roughly 14% near the 38,000 level after slumping to less than $32,000 on Sunday. The choppy movement comes just days after bitcoin plunged 30%, near the $30,000 mark, on May 19. Bitcoin hit an all-time high near $65,000 in April.
“We’ve traded in the $30,000-to-$44,000 price range in a week,” he added. “That’s enormous.”
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Even though the cryptocurrency has skyrocketed over the last decade and has gained mainstream support from big banks, it can be a complicated investment for most retail investors. It’s historically expensive, volatile, can’t be purchased through a traditional brokerage account and isn’t backed by a financial institution.
There are a few ways that people can invest in cryptocurrency and even bitcoin specifically, or the technology behind it, without holding any actual coins themselves. While it might not completely shield investors from cryptocurrency’s trademark volatility, it can give them some protection from loss.
“There are things that you can