Cryptocurrency investors face a difficult decision

In the cryptocurrency market, it is deja vu again.

Cryptocurrency prices are falling; investors panic; the collapse stops and prices stabilize; they try to bounce back, but the rebound doesn’t really last.

This sequence has been repeated several times, but this time it is different in one key respect: the price drop is much sharper and more marked. Bitcoin is now trading at its lowest levels since 2020.

The cryptocurrency king has wiped out all the gains he made in 2021. He now trades around $23,166, according to data firm CoinGecko, just over a third of his record high of $69,044.77, set on Nov. 10.

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