Today I am talking about the Ukraine crisis: Germany shuts down Nord Stream 2 and fresh UK sanctions. How is the market reacting?
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🔴I Am George Channel:
0:50 Market Overview
3:09 Germany Pipeline
5:10 UK Sanctions
5:59 No War
7:52 GDP By Country
9:13 Economic Outlook
10:40 Rate Hikes
14:39 Mayer Multiple
🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
#bitcoin #ukraine #crypto
Cryptocurrencies have risen in popularity recently due to speculative fever and the growing need for inexpensive, fast and secure means of exchanging value. Because the technology behind crypto uses a decentralized system, its value is not based on the whims of any central authority, which makes it immune to censorship. As a result, crypto can be purchased from any country without fear of being confiscated or banned. As the number of people using crypto rises, so do the risks.
Despite the controversy surrounding crypto, many people have discovered its potential as a viable option to fight corrupt governments and avoid banks. It also makes it easier to avoid currency exchange fees, which can add up quickly. A major drawback is the lack of identity verification required for cryptocurrency transactions. To make an anonymous transaction, you must have a computer with an Internet connection. In contrast to traditional bank accounts, you can use cryptocurrencies to avoid banks, and you can use a computer with an Internet connection to trade.
Among the most popular cryptocurrencies are bitcoin and Ethereum. While bitcoin has grown by nearly 35 per cent in the past seven days, it remains down about thirty percent from its record high of $69,000 last November. Similarly, Ethereum has gained almost four per cent over the past week, and the Avalanche has surged by 11 percent over the last day. The market cap for cryptocurrencies is estimated at $1.98 trillion, a figure that continues to grow.
The development of crypto technologies is increasingly based on research. Proof-of-stake (PoS) is a consensus method, in which coins are staked into the network and then used to validate new transactions. The process rewards validators with a certain amount of reward, but loses its stake if they sign off on fraudulent transactions. However, proof-of-stake is still in its early stages, and it is unclear whether the future of the cryptocurrency industry lies with it or not.
The SOL is another example. Initially, it was a joke, but today it has become a legitimate currency. Elon Musk has massive influence over the crypto market. PayPal, Mastercard and Facebook have backed several cryptos. These are largely unregulated and can only be used to buy a certain type of crypto. In addition to Bitcoin, the other cryptos discussed in this article include XRP, ETH, and DASH.
XRP has had a strong week. While it isn’t yet a leader, it did close in the green. A few of its recent rallies have been accompanied by price drops. Nonetheless, a cryptocurrency’s price is not free from risk. While it is still possible to make a loss, there are many factors that could make it worth the investment. In fact, the cryptocurrency market is a wild west. Unlike other countries, crypto is often volatile and has little regulatory oversight.