Experts say 'prolonged downturn' in Bitcoin and other crypto assets is normal

time:01-30 05:30 source:Internet

Several experts have warned investors that the high volatility of the crypto market, including a “prolonged downturn,” should be considered “normal” market behavior by long-term investors. After the price of BTC fell below $33,000 earlier this week, several experts who spoke with it said the volatility was normal, according to CNBC’s “Make It.” Bitcoin reached an all-time high of around $69,000 in November 2021 and is now down around 44%. Onramp Invest CEO Tyrone Ross explained that volatility is not uncommon for crypto asset markets: a prolonged downturn like this is normal for cryptocurrencies. People should know to get in, and if you have the means, you should work with advisors to guide you through these markets.

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