The price of Bitcoin, the cryptocurrency with the largest market-cap, hovered around Rs 17.30 lakh on June 16 - its lowest level since December 2020. Various cryptocurrencies suffered losses in the recent months after the US Federal Reserve started increasing interest rates to combat rising inflation. Rising interest rates and a correction in equity market nudged some investors to shift to the latter. Meanwhile, others are still betting on the digital currency. Some exchanges allow investors to start SIP in cryptocurrencies. With SIPs, one can average his/her buying price and it saves them from severe losses. Don't forget to book profits regularly, though. And limit your overall exposure.
