U.S. crypto exchange Coinbase reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000.
In another sign of the retail retreat, Google trends data shows search interest in the term "bitcoin" in March was only half of the peak in 2021. "The key force behind the reduced activity stems from lessons learned throughout the harrowing year, which was 2022," said Vetle Lunde, analyst at K33 Research.
"The meme in crypto is - bitcoin needs to hit $100,000 for retail to come back," said Rinko at Delphi Digital. "Who knows if that's the magic number but we do need to get to a number that really ignites FOMO."This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.
The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says