Bitcoin Is Down 7% This Week. Should You Buy? – The Motley Fool

Cryptocurrency prices trended upward for much of March, erasing a lot of the year’s losses.

However, the lead crypto hasn’t been able to sustain those gains and at time of writing was down 7% on the week, according to CoinGecko.

In the U.S, lawmakers are discussing tougher stablecoin rules and the Securities and Exchange Commission said it would work more closely with the Commodity Futures Trading Commission.

But it has also had an impact on the global economy, sparking fears of a global recession.

It’s common to see crypto commentators urging people to “buy the dip” when prices drop.

Bitcoin may fall even further tomorrow, it may begin to trend back upward, or it may stagnate at this price level for a little while.

All in all, a price drop may be a good opportunity to pick up some cryptocurrency.

To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for 2022.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.

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