The crypto bull rush may be over for the time being.
is based there; mining operations were seriously disrupted from Jan. 5 to 6. Only on Monday were the miners largely back online.as they have throughout prior downturns in Bitcoin’s inevitable boom and bust cycle. Having been through, core Bitcoin fans have learned to remain somewhat languid during downturns, expecting the speculative frenzy to return after a few months.
She told the network long-term investors were “buying the dip,” referring to buying the cryptocurrency at what they see as a premium rate.So-called “meme coins,” referring to a class of tokens like Dogecoin whose value is based almost entirely on speculation tied to the news cycle and social media interest,. Dogecoin, which peaked at 74 cents in May, sat at around 14 cents early Monday afternoon, while a counterpart called Shiba Inu coin was at a similarly catastrophic loss since its own peak.
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