Despite the negative news in the crypto industry, such as Sam Bankman-Fried going to jail, the interest in buying cryptocurrencies remains high. In April 2024, the global crypto market is currently valued at nearly $2.5 trillion, approaching its previous peak of $2.7 trillion. This growth is not limited to bitcoin, as other cryptocurrencies like Ethereum, solana, and tether are also experiencing increased investment.
The renewed interest in crypto has been attributed to various factors such as institutional investment through exchange-traded funds and regulatory decisions by entities like the SEC. However, investors should exercise caution as the market’s unpredictability suggests that following trends may not always be profitable or safe. It is advisable to review past investments and stay informed about current trends in the crypto market before making any new investments.
