Can Your Crypto Bounce Back in February?
It's fair to say that 2022 woke up on the wrong side of the bed for investors in crypto. Most of the market's digital currencies -- including all of its most popular denominations -- experienced double-digit-percentage declines in January. The five largest cryptocurrencies by market cap experienced an average decline of 26%:
January in general was rough for most investors that were long the market. There were few safe havens. Stocks took a hit, as the S&P 500 suffered a 5% slide for the month. Bonds slipped as investors braced for a series of rate hikes that could start as soon as next month. Even that dollar bill you framed years ago lost more value than usual with inflationary pressures mounting. Crypto was still the hardest hit of the four markets. Let's see if it can recover in February.
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Source Fool.com
