Crypto Exponentials - a specialist digital currency newsletter and website - releases a new guide that explores the recent crypto market slump and why there are still grounds for optimism among traders and investors.
—
The newly published report draws parallels between the latest downturn in crypto stocks and the crash that accompanied the COVID-19 pandemic. While the market crash of 2020 led many to lose faith in crypto as a robust hedge asset, bold policy moves from world leaders to stabilize the economy resulted in Bitcoin rising in value by 1000%. Similarly, the report suggests that the recent price drop and sell-off trend presents investors with an opportunity rather than a crisis.
More details can be found at https://cryptoexponentials.substack.com
According to Crypto Exponentials' guide, just as interest rates were cut during the global pandemic and more money was printed to stimulate an ailing market, the FED futures markets are taking an aggressive approach to the recent market drop. Experts believe that interest rate cuts are inevitable, with many calling for an emergency rate cut as early as September 2024.
Early August 2024, the piece explains, saw Bitcoin fall almost 20% in value from $63,356 to $51,026, with Ethereum following suit with an even bigger decrease of 30% from $3,307 to $2,234. Economic data in early August suggested that the global economy was slowing, prompting panic in Asia, compounded by a rapid unwind of the Yen carry trade that pushed Japanese markets lower still. Meanwhile, in the crypto world, market maker Jump Trading is facing forced liquidations of large positions in ETH.
The report goes on to discuss what investors should look out for in the coming weeks and months. Taking a short-term view, it is unclear if the crypto market has reached its bottom while sharp market pullbacks can take down firms with over-leveraged balance sheets. The report recommends monitoring ETH flows to see if investors sell into the pullback or react by buying more.
Crypto Exponentials advocates taking a longer-term view of crypto investment. The author states, “Ignore the short term and keep your eyes downfield. Bitcoin is a volatile asset, with big ups and big downs. Always has been, and will continue to be for a while. Resist the urge to look at intraday prices, and focus instead on where Bitcoin could be next year, in five years, and in ten years.”
Interested parties can read more on this topic and a host of other crypto-related topics such as the role of AI in digital currency investing and blockchain scalability solutions by subscribing to the Crypto Exponentials newsletter.
For more information, go to https://cryptoexponentials.substack.com/subscribe
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Contact Info:
Name: Kishor Kumar
Email: Send Email
Organization: 10XEcom
Address: 3535 US-1, Princeton, NJ 08540, Princeton, NJ 08540, United States
Phone: +1-609-236-8802
Website: https://10xecombiz.com/
Source: NewsNetwork
Release ID: 89139103
In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
