Bitcoin is trading at $38,340 at press time, and while it has traded sideways in the past week, it’s down by 45 percent from its November all-time high.
Traders shared how they are coping with the dip, including whether they took profits when BTC shot up and the best way to hedge investments during a bear market.
Since hitting its all-time high of $68,680, Bitcoin has lost 45 percent of its value to trade at $38,340 at press time. In that time, it has shed $600 billion from its market cap as a bear market set on. As it plunged, Bitcoin decimated many traders’ positions, with those that were working with leveraged positions feeling the biggest pinch. A few crypto traders shared how they have been handling the dip, their tactics to hedge their investments, and lessons they have learned along the way.
Just another day in crypto
While the market dip since November has been massive – the overall crypto market has shed more than $1 trillion – crypto traders are used to such change
