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cryptotraders1 · 20 days

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Do You Trust Any Crypto Signal Providers? Why or Why Not?

In the world of cryptocurrencies, trusting crypto signal providers for investment advice is a tricky task. These providers claim to help you make smart decisions in the ever-changing crypto market, but it's hard to know who to trust. That's why many investors seek out "verified" signal providers – ones that have proven themselves to be legitimate and reliable.

Verified crypto signals set themselves apart by going through a tough approval process. They follow the rules set by regulators, keep their operations transparent, and show a history of successful predictions. By choosing verified providers, investors hope to feel more confident and secure in their trading decisions, knowing they're getting advice from a trustworthy source.

What Are Crypto Signal Providers?

Crypto signal providers are individuals or groups who analyze the cryptocurrency market to identify potential trading opportunities. They use various tools and techniques, such as technical analysis, to generate signals indicating when to buy or sell specific digital assets.

These signals are then shared with subscribers or clients through different channels like social media platforms, websites, or dedicated apps. Crypto signals often claim to offer valuable insights and guidance, aiming to help traders make informed decisions in the volatile and fast-paced world of cryptocurrencies.

The services provided by crypto signals can vary widely. Some may offer signals for a wide range of cryptocurrencies, while others may focus on specific assets or trading strategies.

Additionally, the quality and accuracy of signals can vary, and not all providers may have a reliable track record. As such, investors should exercise caution and conduct thorough research before relying on signals provided by crypto signals for their trading decisions.

Benefits of Using crypto signals are best for trading

Market Insights: Accessing signals provides valuable insights into cryptocurrency markets, aiding traders in staying informed about price trends, market sentiment, and potential trading opportunities.

Time-Saving: Utilizing signals saves traders time on market analysis and research, allowing them to allocate their time to other aspects of their trading strategy or personal pursuits.

Expertise Access: Subscribers benefit from the expertise of experienced analysts who specialize in market analysis and technical indicators, gaining access to sophisticated trading strategies and recommendations.

Diversification: Signals cover a wide range of cryptocurrencies and trading pairs, enabling traders to diversify their portfolios beyond mainstream assets like Bitcoin and Ethereum.

Risk Management: Some providers offer risk management strategies and advice, assisting traders in mitigating potential losses and protecting their investment capital during periods of market volatility.

Educational Resources: In addition to signals, many providers offer educational resources, tutorials, and market insights to help traders improve their understanding of cryptocurrency markets and trading strategies.

More Information : Benefits of Using Cryptocurrency for Your Business | Verified Crypto Traders

Risks Associated with crypto signals are best for trading

Reliability: One of the primary risks associated with crypto signal providers is the lack of reliability in the signals they provide. Not all signals may be accurate or profitable, leading to potential losses for traders who rely solely on these recommendations.

Lack of Transparency: Some signal providers may lack transparency regarding their methodologies and the sources of their signals. Without clear insight into how signals are generated, traders may find it challenging to assess the validity and credibility of the provided information.

Dependence: Relying too heavily on signals from providers can lead to a dependence on external guidance, undermining traders' ability to develop their analytical skills and trading strategies. This dependency may hinder traders' long-term success and growth in the cryptocurrency market.

Market Manipulation: In some cases, signal providers may engage in market manipulation by disseminating misleading or false information to influence the price of specific cryptocurrencies for their benefit. Traders who act on such signals may suffer significant losses as a result of manipulated market conditions.

Subscription Costs: Many crypto signals charge subscription fees to access their signals and services. Traders must consider whether these costs are justified by the quality and reliability of the signals provided and whether they outweigh potential profits.

Security Risks: Sharing personal and financial information with signal providers, especially those operating through online platforms or apps, carries inherent security risks. Traders must exercise caution and ensure that signal providers implement robust security measures to protect sensitive data from unauthorized access or cyberattacks.

Factors to Consider Before Trusting crypto signals are best for trading

Before trusting Verified Crypto Traders (VCT) or any crypto signal provider, there are a few important things to think about:

Track Record: Look at their past signals and see if they've been accurate before. A good track record means they're more likely to give reliable advice.

Transparency: Make sure they're clear about how they come up with their signals and if they have any conflicts of interest. Transparent traders are more trustworthy.

Reputation: Check what other people say about them. Positive feedback and good reviews mean they're likely to be reliable.

Regulatory Compliance: Ensure they follow the rules and regulations set by authorities. This shows they're operating legally and ethically.

Security Measures: Make sure they have strong security measures in place to protect your personal and financial information.

Considering these factors can help you decide if a crypto signal provider, especially a Verified Crypto Trader, is trustworthy and worth relying on for your trading decisions.

Reasons to Trust crypto signals are best for trading

Trusting crypto signals can be justified for several reasons:

Market Insights: Crypto signals offer valuable insights into the cryptocurrency market, helping traders stay informed about price trends and potential trading opportunities.

Time-Saving: By relying on signal providers, traders can save time on market analysis and research, allowing them to focus on other aspects of their trading strategy or personal commitments.

Expertise Access: Signal providers often employ experienced analysts who specialize in market analysis and technical indicators. Subscribers benefit from their expertise, gaining access to sophisticated trading strategies and recommendations.

Diversification: Signal providers cover a wide range of cryptocurrencies and trading pairs, enabling traders to diversify their portfolios beyond mainstream assets like Bitcoin and Ethereum.

Educational Resources: Many signal providers offer educational resources, tutorials, and market insights to help traders improve their understanding of cryptocurrency markets and trading strategies.

Reasons Not to crypto signals are best for trading

There are also reasons why you might not want to trust crypto signal providers:

Lack of Reliability: Not all signals provided by crypto signals are accurate or profitable. Relying solely on their recommendations can lead to potential losses if the signals turn out to be unreliable.

Lack of Transparency: Some signal providers may not be transparent about their methodologies or sources of signals. Without clear insight into how signals are generated, it can be challenging to assess their validity and credibility.

Dependence: Relying too heavily on signals from providers can lead to a dependence on external guidance, hindering traders' ability to develop their analytical skills and trading strategies.

Market Manipulation: In some cases, signal providers may engage in market manipulation by disseminating misleading or false information to influence cryptocurrency prices for their benefit. Traders who act on such signals may suffer significant losses as a result of manipulated market conditions.

Security Risks: Sharing personal and financial information with signal providers, especially those operating through online platforms or apps, carries inherent security risks. Traders must be cautious and ensure that signal providers implement robust security measures to protect sensitive data from unauthorized access or cyberattacks.

Conclusion

when it comes to Verified Crypto Traders (VCT) or any crypto signal providers, it's important to weigh the pros and cons carefully. While VCTs can offer helpful insights and save time, there are also risks like unreliable signals and security concerns to consider. By looking at factors like track record, transparency, reputation, and security measures, traders can decide if they want to trust a crypto signal provider. Keeping a balance and doing thorough research is key to making smart decisions in cryptocurrency trading with VCTs or any other provider.

#Crypto signal providers #trading strategies #cryptocurrency markets #Verified Crypto Traders

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dencyemily · 2 months

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Polkadot's Future: A Close Look at Market Signals and the Possibility of a Rebound

Polkadot (DOT) finds itself in the spotlight as it grapples with a rejection at a significant resistance level of $7.95, signaling a complex interplay of market forces influencing its value proposition. The rejection at this level triggers speculation, particularly among analysts such as Morecryptoonline, who point to the failure of wave (3) to achieve minimum targets as a precursor to a potential b-wave top formation. The confirmation of this trend looms with a decisive drop below $6.99.

Delving into the live market data, Polkadot's current price sits at $7.42, reflecting a notable 5.41% decrease over the last 24 hours. The trading volume, standing at $366.8 million, underscores the recent downturn that has placed the DOT token on the precipice of oversold territory, as indicated by its 4-hour Relative Strength Index (RSI) at 37.71. Despite the apparent selling pressure, there is a silver lining hinted at by the RSI's trajectory towards oversold conditions, suggesting the potential for a looming reversal.

Further analysis of the 4-hour Moving Average Convergence Divergence (MACD) reveals the continued influence of selling pressure on Polkadot. However, the 4-hour Know Sure Thing (KST) oscillator signals an underlying strength within the DOT token, acting as a potential catalyst for a price reversal and countering the bearish signals from the MACD.

The DOT/USD 4-hour price chart, sourced from TradingView, adds another layer to the narrative, emphasizing the critical juncture where investors and market watchers find themselves. The confluence of RSI, MACD, and KST indicators may hold the key to dictating the short-term trajectory of DOT’s market value.

As Polkadot grapples with challenges at key resistance levels and hovers on the edge of oversold territory, investors are urged to closely monitor these developments. The volatile and unpredictable nature of cryptocurrency markets makes Polkadot's journey a captivating one, with potential interesting movements awaiting on the horizon.

#Polkadot #DOT #DOT token #DOT’s market value #cryptocurrency markets #Cryptotale

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cryptobusinessworld1 · 9 months

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#cryptocurrency markets #bitcoin #blockchain

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blockchainx2023 · 1 year

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How AI-Powered Virtual Assistants are enhancing the Metaverse Experience

The metaverse is a rapidly evolving virtual world that offers endless possibilities for entertainment, social interaction, and commerce. As the metaverse continues to grow in popularity, blockchain development company playing a significant role in its evolution. By integrating blockchain technology, AI-powered virtual assistants developed by these companies are becoming increasingly important in enhancing the overall experience of the metaverse. From navigation to personalization, virtual assistants powered by AI and blockchain have a lot to offer in the metaverse.

Understanding Natural Language and Context

One of the most significant advantages of AI-powered virtual assistants is their ability to understand natural language and context. They can recognize voice commands or text-based inputs, just like humans. This means that users can communicate with them using everyday language, making it easier to navigate the metaverse and perform complex tasks.

In addition to providing navigation support, AI-powered virtual assistants can also enhance the social aspect of the metaverse. They can help users connect with others who share similar interests or who are looking for specific types of content. This can help users build meaningful relationships and create new communities within the metaverse.

In the metaverse, AI-powered virtual assistants can help users find specific virtual locations or access particular items by recognizing natural language queries. For example, if a user wants to find a virtual store that sells sports equipment, they can simply ask the virtual assistant, and it will provide relevant information.

Enhancing Social Interaction

AI-powered virtual assistants can also help enhance the social aspect of the metaverse. They can help users connect with others who share similar interests or who are looking for specific types of content. This can help users build meaningful relationships and create new communities within the metaverse.

Virtual assistants can facilitate communication between users in the metaverse by providing real-time translation of different languages. This feature can help eliminate language barriers and facilitate communication between users from different parts of the world.

Personalization

Another way in which AI-powered virtual assistants are enhancing the metaverse experience is through personalization. By analyzing user data such as browsing history, purchase history, and social interactions, virtual assistants can provide tailored recommendations for content and activities that are likely to be of interest to each user.

Personalization in the metaverse can lead to a more engaging and immersive experience for users. AI-powered virtual assistants can suggest virtual events, virtual communities, and other metaverse features based on each user's interests and preferences.

Learning and Adapting

AI-powered virtual assistants can learn and adapt to the behavior of each user over time. By analyzing user interactions with the metaverse, virtual assistants can learn about each user's preferences and make more accurate recommendations.

As users continue to interact with virtual assistants in the metaverse, the AI-powered technology can continue to learn and adapt to their needs. This leads to a more personalized and relevant experience for each user.

Assisting with Complex Tasks

Virtual assistants powered by AI can also assist users with complex tasks within the metaverse. For example, they can help users navigate complex virtual environments, such as a large virtual shopping mall or a virtual city with multiple neighbourhoods. Virtual assistants can provide users with detailed directions, suggest shortcuts, and help them find specific locations within the metaverse.

Virtual assistants can also help users manage their virtual assets within the metaverse. They can assist with virtual currency transactions, inventory management, and other tasks that are essential for a seamless metaverse experience.

Conclusion

In summary, blockchain development company playing a pivotal role in the evolution of the metaverse, and AI-powered virtual assistants developed by these companies are becoming increasingly important in enhancing the overall experience. By integrating blockchain technology, virtual assistants powered by AI can help users navigate complex virtual environments, connect with others, personalize their experience, and learn and adapt over time. As the metaverse continues to evolve, virtual assistants powered by AI and blockchain will undoubtedly play an even more critical role in enhancing the overall experience.

#blockchain app development company #blockchain development company #blockchain technology #blockchain security #blockchain development #blockchain software development company #blockchain developer roadmap #cryptocurrency markets #blockchain development services #metaverse #web 3.0 #cryptocurrency #artificial intelligence

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apollyon814 · 1 year

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BingX Launches Signal Trading and Stays Ahead in Crypto Innovation

BingX, one of the leading crypto exchanges, is excited to introduce Signal Trading, another advanced futures trading tool. It takes BingX one step closer to its mission – being an open, reliable, and innovative crypto ecosystem.

Signal trading is an advanced feature that carries out automatic execution of complicated perpetual futures trading strategies based on triggering signals received from external platforms such as TradingView. It covers all trading pairs in BingX Perpetual Futures and no API docking is required in the whole process. After creating specific trading instructions on BingX, traders only need to update these instructions on external platforms like TradingView. Then a free TradingView Bot will be created and synchronise real-time signals which will trigger automatic execution of preset trading instructions at right times. This is how signal trading helps traders realize customized and flexible trading strategies.

Signal trading is free of charge and open to all BingX users for an unlimited number of times. It is more suitable for experienced traders in quantitative trading. BingX tackled execution-side problems through technical innovation so that users are able to do quantitative transactions in an easier and smarter way.

In addition to signal trading, BingX made other breakthroughs in its latest update. Now BingX futures grid supports long position, short position, and neutral position for bullish, bearish, and fluctuated markets, respectively. It allows traders to use up to 20x leverage to maximise their profit regardless of price swings in global crypto markets. Meanwhile, the newly-launched Trailing Stop/Profit feature provides traders with a worry-free trading experience. When the price goes up or down, it drags the trailing stop/profit along with it, which saves the trouble of frequent price modification according to market conditions for more profits.

Meanwhile, BingX will join hands with MetaTrader 5 trading platform in late December in order to provide global traders with more opportunities and better services. MetaTrader 5, also known as MT5, is a web-based trading platform providing advanced analysis tools for quantitive trading. The connection with BingX energises MT5 with cutting-edge crypto innovation in perpertual futures. Orders placed on MT5 will be updated in BingX’s order book. Users can expect safe and stable trading experience on cryptocurrencies like BTC and ETH with more advanced analysis tools and customized functions through the updated connection between BingX and MT5.

“BingX’s vision is to become the gateway for the next billion crypto users. And we are earnestly practising what we promise”, said Elvisco Carrington, PR and Communications Director at BingX. “BingX sees the big picture and is committed to helping both professional and new traders through continuous technical innovations. Earlier this year we have invented a lot of user-friendly products, such as Copy Trading Subsidy Vouchers and Spot Grid Copy Trading Service, aiming to protect and fuel inexperienced traders. This time we focus on the other side. We keep simplifying the trading process so that our users can employ new trading tactics to maximise their gains. BingX can’t wait to launch more features and products with MT5 that will both benefit our clients and elevate the trading experience in the upcoming year.”

#cryptocurrency investopedia #cryptocurrency markets

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blockchainnftgaming · 1 year

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Crypto investor losses turn into IRS gains - here's how they do it

Crypto investor losses turn into IRS gains – here’s how they do it

The Internal Revenue Service has been paying close attention to crypto investors in recent years, and as this happens, more investors are turning to the tax code’s rules on investment losses. That’s according to a study published this week that sheds light on the link between IRS enforcement and “tax loss collection.” The latter is a tax planning strategy that many crypto investors will need to…

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reportwire · 1 year

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Bill Ackman says he sees why FTX victims want Sam Bankman-Fried to 'suffer' severe consequences 'including jail time'

Bill Ackman says he sees why FTX victims want Sam Bankman-Fried to ‘suffer’ severe consequences ‘including jail time’

Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched interview, streamed to New York from…

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digitechhelpers · 2 years

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7 Techniques to Successful Crypto Trading

With the skyrocketing prices of Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, more and more people are looking into cryptocurrency trading to make quick profits.

The crypto market is highly volatile, with steep price jumps in a matter of minutes, and smart traders are capitalizing on this volatility. Now before we go into the seven techniques to succeed in cryptocurrency trading, let’s discuss first the basics of trading, and if this is something you’d like to into.

Full details are discussed in this eBook …

Click here to download the free Crypto Trading eBook instantly without email id registration.

#cryptotradingtips #cryptotradingguide #cryptomoney #cryptocourse #cryptofree #cryptocurrency tips #cryptocurrencyguide #cryptocurrency markets #cryptocurreny trading #cryptobeginners

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don-lichterman · 2 years

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How Purchasing Solana (SOL) and RoboApe (RBA) Can Turn Around Your Fortune in the Cryptocurrency Markets

As the effects of the crypto collapse ease out, many coins have begun to witness uptrends in prices, offering returns to buyers. However, the most important consideration is often in their ability to maintain stability, and this is where most coins fail. In this article, we discuss Solana (SOL) and RoboApe (RBA) as top choices to turn around your fortune in the cryptocurrency markets. Solana…

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#barbados #Blockchain #BUSINESS #businessnews #cryptocurrency #Cryptocurrency Markets #economy #news track live #newstrack

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ashiii24 · 2 years

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#cryptocurrency investment #business #news #finance #cryptocurrency regulation #cryptocurrency bitcoin price #cryptocurrency markets #cryptocurrency price today #cryptocurrencies #crypto #btc #blockchain #binance #marketing

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dencyemily · 3 months

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Massive Whale Transactions and Dormant Bitcoin Movement Trigger Market Excitement

The cryptocurrency market witnessed notable transactions, providing insights into potential market dynamics and investor behavior shifts. A YouTube video analysis by Santiment highlighted significant Bitcoin transactions, including three massive transactions totaling 37,565 BTC. While two targeted mining addresses, a mysterious third transaction involved 15,227 BTC, sparking interest and speculation in the crypto community.

Bitcoin's movement from wallets to exchanges reached a two-year high, raising speculation about potential bull market conditions. The mean dollar invested age line, indicating bullish possibilities, experienced a significant drop, contributing to expectations of Bitcoin price growth. These developments underscore the complexity of cryptocurrency markets and the importance of considering various factors for a comprehensive understanding of market trends.

Additional transactions in cryptocurrencies like Injective Protocol and Render Token were also analyzed. A $20 million transaction in Injective Protocol raised concerns due to the lack of accumulation by smaller wallet holders. Similarly, a $15.7 million transaction in Render Token indicated bearish signs based on increasing supply and exchange activity, although prices continued to rise.

As cryptocurrency markets evolve, staying informed and analytical remains crucial for enthusiasts and investors. Transaction data serves as a vital tool for gaining insights into market dynamics, and careful consideration of various factors is necessary for a nuanced understanding of the landscape.

#Bitcoin #cryptocurrencies #Cryptocurrency analysts #Bitcoin transactions #Crypto analytics platform #CryptoQuant #cryptocurrency markets #Cryptotale

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cryptobusinessworld1 · 10 months

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#cryptocurrency #crypto #cryptocurrency markets #cryptocurency news #cryptocurreny trading

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blockchainx2023 · 1 year

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Blockchain Security and Privacy, beyond Technology and Cryptocurrencies

Blockchain Security

The distributed nature of the blockchain, the irreversibility of transactions, and the extensive use of encryption make it a conceptually safe system. The implementation of platforms and applications sometimes leads to vulnerabilities, which are related to the creation of computer code, the establishment of communication protocols, or the simplicity of the validation and consensus procedures of the blocks.

The blockchain is a recent and complex technology. Despite extensive code design and review, vulnerabilities cannot be excluded as a result of programming errors. Once these have been identified, they are especially difficult to patch without affecting the service due to the distributed architecture and the immutability of the block chain. The diversity of programming languages and protocols, or the lack of technical standards, highlights vulnerabilities. This fragmentation slows down the maturity curve of this technology, reduces the chances of detecting errors and implementing controls over the code, and disperses the experience of developers, who are under constant pressure to shorten delivery times.

Likewise, the integration of blockchain platforms with the information systems that support the business processes of the company or the interoperability between different blockchain platforms is still very incipient, which limits efficiency and increases cybersecurity risks. It can take years to reach a degree of maturity and technical consensus that facilitates the convergence of security standards and interoperability between platforms. Therefore, developers and companies must inevitably incorporate security by design methodologies from the early stages of development, with the participation of information systems and cybersecurity departments.

The Design of Privacy

The blockchain raises new and complex questions regarding the protection of privacy rights in the use of personal data and in particular in the application of the GDPR when the transactions manage personal data or the information of the blocks makes reference to personal data of the participants.

Characteristics such as the decentralization of data processing and storage make it difficult to interpret the Regulation. National regulatory authorities and European institutions promote regulatory analysis and issue guidelines and reports that are mandatory reference for developers. In this area, mention should be made of the contribution of the EU Blockchain Observatory and Forum.

It is important to note that the GDPR does not evaluate a technology in terms of privacy, but the way in which different use cases and applications use it. Therefore, it is unavoidable to start any design of a blockchain platform or application by carrying out an exhaustive analysis of the impacts on privacy, evaluating the convenience of adopting more appropriate alternative solutions to blockchain or the necessity and proportionality of the design options that have been chosen. For example, the convenience of using a public blockchain will have to be evaluated, since authorized and private ones pose less regulatory difficulties (for example, in blockchains public, any user can trace the transactions from origin to destination or download the record book, which makes it difficult to exercise the right to be forgotten or to rectify). The usage of smart contracts, which may lead to the leakage of personal data, is equally delicate.

A blockchain it may contain two categories of personal data: those that allow the identification of the issuer and receiver of the transaction through public keys and the information included in the transaction related to third parties. Based on this distinction, the GDPR analysis methodology is applicable (identification of the data controller, rights and safeguards, risk management, etc.). the implications of multiple participants choosing to process transactions jointly with the derived obligations, to the anonymization of personal data and the exercise of rights such as rectification, erasure, right to be forgotten, and objection to processing. In general, the regulatory tensions over the GDPR that capitalize on the debate between authorities and developers centre on. Likewise, the design must pay special attention to the obligations derived from subcontracting or to the rules of governance in the international transfer of data, in particular between public blockchains.

In this sense, the EU Blockchain Observatory and Forum indicates four general application guidelines for developers:

Start the design at a high level avoiding that the blockchain becomes an innovative solution in search of a problem: what is the value contribution of the solution for the user? Is a blockchain platform really necessary? How to manage the data?

Avoid storing personal data on the blockchain; use obfuscation, encryption and aggregation techniques to anonymize this data.

Keep personal data out of blocks whenever possible or use permissioned or private blockchain; analyze the transfer of personal data when connecting private to public blockchains.

Offer total transparency to users about data processing.

Conclusion

The blockchain is one of the most disruptive, complex and incipient information technologies, whose rapid growth is transversal to all sectors of activity in the public and private spheres. Beyond cryptocurrencies, it has enormous potential as a paradigm for the decentralization and empowerment of individuals and legal entities, along with many regulatory, jurisdictional, and technological challenges such as scalability, interoperability, or environmental impact.

The blockchain development is a theoretically extremely secure technology that, upon implementation, is subject to flaws and weaknesses common to all information systems in addition to those unique to this technology. Added to this are the security, interoperability and technological challenges derived from its progressive maturity, complexity, lack of standardization and diversity of protocols, to which the demands of a vibrant competitive environment are superimposed.

#blockchain app development company #blockchain technology #blockchain software development company #blockchain security #blockchain development company #blockchain developer roadmap #blockchain privacy #cryptocurrency #crypto market #blockchain development #blockchain development services #cryptocurrency markets

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timesofocean · 2 years

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Crypto market cap dives below $1T, lowest in 17 months

New Post has been published on https://www.timesofocean.com/crypto-market-cap-dives-below-1t-lowest-in-17-months/

Crypto market cap dives below $1T, lowest in 17 months

World (The Times Groupe)- Cryptocurrency markets fell below $1 trillion on Monday for the first time in 17 months, as record-high inflation around the world and the Federal Reserve’s hawkish stance persist as risks for investors.

Bitcoin’s value plummeted to $925 billion at 0505GMT. Despite a subsequent rebound, the value of digital assets fell to $998 billion at 0805GMT, according to CoinMarketCap.

The cryptocurrency market has seen its total capitalization fall below $1 trillion for the first time since January 2021.

Before 0830GMT, Bitcoin, the world’s largest cryptocurrency by market capitalization, fell as low as $24,685.36. Ether, the world’s largest altcoin, fell to $1,266.28. They both fell more than 10% for the day.

Bitcoin lost over 20% of its value during the past week, while Ethereum lost about 33%.

As a result of record-high inflation in the world and the Fed’s aggressive interest rate moves, crypto investors have adopted a risk-averse stance.

Having raised rates by 25 and 50 basis points in March and May, the Fed is widely expected to hike rates again by 50 basis points in each of its next two meetings on Wednesday and in July.

Recent Fed officials have also suggested that the central bank may hike rates 75 basis points in September to lower inflation to its lowest level in more than 40 years.

In May, US consumer inflation rose 8.6% compared to the same month a year ago, recording its highest level since December 1981.

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