Cryptocurrency returns, but investors need to be cautious

According to Bloomberg, the cryptocurrency market is warming up, but investors still need to be cautious. The U.S. Securities and Exchange Commission (SEC) recently approved two Bitcoin ETFs, but the volatility of the crypto market remains high. Since February 2022, the price of Bitcoin has risen from about $44,000 to its current level of around $48,000, but it had fallen to $15,500 during this period. The volatility experienced by crypto investors far exceeds that of stock and bond markets, once again proving that digital tokens are not suitable for timid investors. Despite this, the actual application of cryptocurrencies is still unclear and blockchain technology is still absent in most payment systems.