How High Could Crypto Bounce Today? (Bitcoin Market Update)

The Crypto Market is bouncing following yesterday’s total onslaught. But the question is how high can we bounce, and is the worst over? In today’s Crypto Short Video, Kyledoops updates you on yesterday’s trades and shares what he believes is next to come. Join Kyle live and use the Bybit link below if you would like to follow his trading strategy.

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Kyle Doops
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Crypto Shorts brings you the latest market updates, news, trades and announcements in 5 minutes or less, for those that are time-starved and need to stay two steps ahead of the crypto markets. Subscribe to receive our daily updates from your favorite presenter in crypto!

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Disclaimer:
Crypto Banter is a social podcast for entertainment purposes only.
All opinions expressed by the hosts, guests and callers should not be construed as financial advice. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research.

#Bitcoin #Altcoins #Trading #Crypto

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00:00 Bitcoin Bounce
00:35 Bitcoin Price Weekly Chart
01:35 Bitcoin Price MACD
02:00 Dow Jones Index
02:35 Bitcoin Moon Chart
03:20 Follow Kyle on Social Media
03:50 Negative Funding Rates
04:13 Tron Short Trade
04:50 Tron Trade Stop Loss
05:28 Stick to the Plan
05:45 ThorChain (RUNE)
06:18 RUNE Price Short Timeframe
07:06 Rune Price Technical Analysis
07:28 Solana (SOL) Price Down
08:45 Solana Seed Price for VCs

While cryptocurrency does not fit the traditional stock or bond form, it does share characteristics with commodities like gold, including the ability to be purchased for cash or sold as derivatives based on a predicted future value. Unlike gold, however, cryptocurrencies have no inherent physical value and rise and fall on an unpredictable supply-demand cycle. For this reason, individual investors are unsure as to when they should sell their cryptocurrencies and where the demand-supply ratio will end.

Litecoin was launched in 2011 and is one of the first cryptocurrencies that followed Bitcoin. It is based on an open source global payment network without a central authority. It uses the same protocol as Bitcoin, but uses scrypt for PoW (proof-of-work), which is decoded by consumer-grade CPUs. Litecoin also has a higher block generation rate and a quicker transaction confirmation time. If you’re interested in investing in crypto, don’t wait for the bubble to burst.

Although cryptocurrency has a limited use in the financial sector, some luxury retailers accept it as a payment method. Online luxury retailer Bitdials sells high-end watches in return for Bitcoin. Some car dealerships accept it as payment as well. However, AXA has excluded life insurance from its cryptocurrency-based policies due to regulatory issues. Meanwhile, Premier Shield Insurance sells auto and home insurance policies in the US. BitPay and other cryptocurrency debit cards are available for purchasing products.

Despite the numerous potential applications for cryptocurrency, there are still many risks. Beginners should do their research before diving into crypto-based projects. To make the most of these new digital currencies, do some research and get educated on the technical details. You can start by signing up for a free trial on the Coinbase exchange. It will cost you nothing to sign up, and you’ll soon be making your first purchases. You’ll be glad you did.

CFP Ian Harvey is a cryptocurrency expert based in Asheville, NC. While there are risks involved with investing in cryptocurrency, experts believe that owning some crypto could increase its value over time. The key is to understand how cryptocurrency volatility affects your portfolio and how it can impact your financial future. You must also keep in mind the risk factors that can cause a cryptocurrency to go down a particular route. If you’re interested in making a crypto-based investment, contact an experienced financial advisor today.

The primary tenet of cryptocurrency is decentralization. Most currencies have a central bank backing them, such as the U.S. dollar. In contrast, cryptocurrencies are maintained by users and cannot be influenced by government intervention. This means that the value of a cryptocurrency is not subject to censorship. Cryptocurrencies are a valuable way to exchange information without having to trust any central bank. And, unlike traditional currencies, there is no single entity to control the currency.

As a high-risk investment, cryptocurrency should only be a small portion of your overall portfolio. A general guideline for high-risk investments is no more than ten percent. For this reason, it’s best to start by securing your retirement savings, paying off debt, and diversifying your investments before making large bets. This way, you can spread the risk around and limit your financial risks. And the next great digital token may come out tomorrow.