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Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates. In June , it plummeted below $18, It was still below $20, by November , just a year after its record high of $69, While it has since shown signs of recovery, it's still a long way off from its record highs. The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in crushed.

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One way to mitigate risk is to hold crypto assets in a cryptocurrency wallet instead of an exchange. Crypto investors were delighted earlier in the year when tokens surged and left equities behind. In terms of thinking about future economic development, the crypto gold rush may be over, but the past few years can still provide local leaders with lessons on how to capitalize on other emerging technologies, especially in light of the current interest in generative AI. But no one has a crystal ball and the speculative nature of bitcoin makes it difficult to predict. Consider moving your digital assets to a separate crypto wallet.