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Stock impact report

The Ultimate Cryptocurrency to Buy With $1,000 Today [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
below $16,000 a year later, then surged to a record high of $73,750 this March. But as of this writing, Bitcoin's price has pulled back to about $64,000. Those wild price swings might make Bitcoin seem like a risky investment for smaller retail investors. But with just $1,000, investors can still buy fractional Bitcoins or shares of Bitcoin exchange-traded funds ( ETFs ). Let's review the main factors driving Bitcoin's volatile price swings -- and why it's still a good idea to invest at least $1,000 in the cryptocurrency. What happened to Bitcoin over the past three years? Back in 2021, a combination of stimulus checks, the growing popularity of free trading platforms like Robinhood Markets , social media buzz, and a fear of missing out (FOMO) sparked a buying frenzy in meme stocks and cryptocurrencies. Low interest rates also made it easy to fund the development of speculative cryptocurrency projects. But in 2022, inflation drove the Federal Reserve to aggressively hike its b Show less Read more
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