Bitcoin is stable around $60,000, with potential for volatility and breakout, making it appealing to invest.

From Nasdaq Corporation

August 20, 2024 09:35 AM:

Experienced crypto investors are cautious due to recent market sell-offs. Top cryptocurrencies remain in the red, but Bitcoin stands out, stabilizing around $60,000. Bitcoin’s volatility is returning, with unpredictable price swings. Spot Bitcoin ETFs are resilient, with positive net inflows after the market turbulence. Bitcoin’s historical seasonality suggests potential volatility ahead.

Investing $1,000 in Bitcoin now is appealing. Historical volatility may lead to a breakout, supported by spot ETF resilience. Investment options include spot ETFs, crypto exchanges like Coinbase, or trading platforms like Robinhood. Despite risks, investing in Bitcoin could prove lucrative.

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Read more at Nasdaq: The Ultimate Cryptocurrency to Buy With $1,000 in August