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One of the best cryptocurrencies to buy now, cardano shed 81% in 2022 but has clawed back some of those losses in recent months, posting a year-to-date gain of 21. Bitcoin, the largest cryptocurrency by market cap, is a risky investment with high volatility. It should only be considered if you have a high risk tolerance, are in a strong financial position. $504b today's change (-0. 95 current price $25,880. 74 price as of september 4, 2023, 8:02 a. Et you’re reading a free article with opinions that may differ from the motley fool’s premium. Many believe that digital currency is the future, and investing in bitcoin now could yield significant returns as digital currencies become more widely adopted. With its supply capped at 21 million, bitcoin could act as a hedge against fiat currency inflation. Risks of investing in bitcoin. Bitcoin and ethereum are the two most expensive cryptocurrencies, priced at around $41,700 per token and $3,200 per token, respectively. Bitcoin had a great start to 2023, reversing the downward trend seen throughout the end of 2022. From $16,000 on 1 january, it has risen 63% to $27,152 so far this year. Last month, the btc price even exceeded $30,000 on hopes that the fed’s hiking cycle was nearing completion and that inflation was calming down
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The price of bitcoin is around $17,000 as of this writing. This is significantly below its high of more than $65,000 in november 2021. Many believe that digital currency is the future, and investing in bitcoin now could yield significant returns as digital currencies become more widely adopted. With its supply capped at 21 million, bitcoin could act as a hedge against fiat currency inflation. Risks of investing in bitcoin. That said, bitcoin's price is the lowest it's been in years. It's currently priced at around $16,500 per token, down from its all-time high of nearly $70,000 per token last year. Deposit cash to invest. To buy crypto, you’ll need to make sure you have funds in your account. The price of bitcoin fell during the second half of august, and is now worth around $26,000. In the year prior, it had surged by around 50% to reach $30,000. The whole crypto space is still in its infancy, and bitcoin has enormous room for growth, thus any price point is a good entry in my opinion. I think we’ll be seeing many more similar tweets in the coming months and years: #bitcoin is $40,400 right now. You could have bought it for $29,000 last week