As sell-offs within the cryptocurrency arena continue, some investors may be wondering whether the bottom has arrived. Against this backdrop, weighing the idea of buying the dip in Bitcoin (BTC +7.80%) or XRP (XRP +5.54%) is probably top of mind for many crypto enthusiasts.

Let’s dig into some of the themes driving this new crypto winter and explore how smart investors are assessing the prospects of Bitcoin and XRP right now.

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Bitcoin is the gravitational anchor for the broader crypto landscape

Similar to gold, Bitcoin is viewed by some investors as an insurance policy against fragile fiat systems during market turmoil. With a hard supply cap of 21 million bitcoins, the same scarcity mindset that fuels…