Key takeaways
- Bitcoin has gained in popularity as an alternative investment and has recovered surprisingly well after last year’s crypto winter
- Bitcoin and Ethereum have stalled since the debt-ceiling crisis picked up speed, but could break new markers once deal is signed off by Congress
- Ripple’s XRP currency could get interesting if it wins its SEC case, having already gained 48% this year
Crypto: love it or hate it, it’s an asset class that’s here to stay. The industry has always been turbulent, but it went through arguably its most challenging period last year with the ‘crypto winter’ and collapse of crypto exchange FTX. But that’s all changed this year with Bitcoin and other cryptocurrencies making a serious comeback.
Does that make crypto a buy this year? Quite possibly, depending on your risk appetite and portfolio make-up. We’ve got the lowdown on what’s happening in the crypto market, the big and small cryptocurrencies that are trending at the moment and some wider crypto industry stocks to consider for your investments.
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