Day: October 2, 2024

What this means for your crypto wallet

With central banks around the world cutting interest rates and injecting stimulus, how can you position your portfolio to benefit from the resulting increase in liquidity? Read on. Macroeconomic triggers deepen Global liquidity is seeing a sharp increase as central banks around the world, particularly in China and the U.S., adopt policies aimed at pumping money into their economies.  China recently announced a $143 billion stimulus package, which is driving strong economic momentum. On top of that, the People’s Bank of China has mandated commercial banks to lower mortgage rates…

A Strategic Approach to Navigating Volatility and Risk

Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing. Crypto index funds are products that bundle multiple cryptocurrencies into a single vehicle, offering a diversified, systematic approach to gaining exposure to the digital asset market while mitigating some of its inherent risks. Source

Court Ends Pause on Kalshi’s Congressional Contracts

While it’s been fighting the agency in court, the New York-based company, which settles bets in dollars, has watched crypto-powered rival Polymarket, which is barred from doing business in the U.S., nevertheless rack up record volumes during this election year. Over $1 billion alone has been staked on Polymarket’s contract on who will win the presidency. Source

Bitcoin price dumps as Ceffu sells again and fear returns

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Bitcoin price retreated for four consecutive days as the crypto fear and greed index moved back to the fear zone and as geopolitical risks rose. Bitcoin (BTC) fell to $60,200, its lowest level since Sep. 18, and 8% below its highest level last week. The current weakness is taking place as investors embraced a risk-off sentiment amid growing geopolitical tensions after Israel pledged to retaliate for Tuesday’s attacks. Risky assets like the Dow Jones, S&P 500, and Nasdaq 100 indices continued their recent sell-off, while bond yields rose. The US…

Cardano Completes First Green September Close In 6 Years, What’s The Significance?

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Este artículo también está disponible en español. Cardano (ADA) completed its first green September in six years as the coin enjoyed a price gain of almost 8%. This is significant as the crypto could enjoy an extended rally in October, leading to more price gains for Cardano. Cardano Records First Green September Cryptorank data shows that Cardano has recorded its first green September since it launched in 2017. This raises the possibility of the crypto enjoying an extended rally since it presents a bullish outlook for ADA. Crypto analyst Plutus…

Marathon Digital mined 705 Bitcoin in September

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Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported a 5% increase in Bitcoin production for September 2024.  The company mined 705 Bitcoin (BTC), raising its total holdings to 26,842 BTC, according to company postings. Marathon also reported winning 207 blocks in September, a 6% increase from the previous month. The company did not sell any Bitcoin during the month, continuing its strategy of holding onto mined Bitcoin. Bitcoin mining is the process where powerful computers, known as miners, solve complex mathematical problems to verify transactions on the…