May 26, 2024

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Delighting finance buffs

Getting a Loan to Invest in Crypto? Forget About It

U.S. cryptocurrency investors are going for walks on thin ice on cryptocurrencies these times. Price ranges for high-profile cryptos are down drastically at the mid-yr position.

Bitcoin, for illustration, has shed approximately 50% of its benefit in the past two months while Ethereum has fared even worse, slipping from $4,800 in November 2021 to $1,000 in June 2022.

You’d assume downward-sliding cryptos costs would be sufficient to stop traders from getting excessive risks with cryptocurrencies. But if you imagined so – imagine yet again, as 1-fifth of crypto investors have utilized a loan to invest in additional bitcoin, Ethereum, and other investable tokens.