Stocks linked to Donald Trump, including crypto stocks and prison operators, surged in premarket trading on Monday following an assassination attempt on the Republican candidate, which increased his odds of winning the US presidential election.

Investors predicted a rise in trades favoring Trump’s victory this week after he was shot in the ear during a rally in Pennsylvania. Trump, appearing unfazed, pumped his fist moments after the attack, with his campaign assuring the public of his well-being.

Shares of Trump Media & Technology Group (TMTG) skyrocketed 46 percent. Trump holds a majority stake in the company, valued at approximately $3.8 billion as of June 25, according to LSEG data. TMTG, the parent company of social media platform Truth Social, has seen its stock climb 75 percent this year, driven by retail traders betting on a Trump victory in the November 5 rematch against Democratic candidate and current US President Joe Biden.

Crypto stocks also benefited, tracking bitcoin’s rise to a two-week high, as Trump has portrayed himself as a supporter of cryptocurrency. Crypto exchange Coinbase Global and bitcoin miners Riot Platforms Inc and Marathon Digital rose between 5 percent and 7 percent.

“Investors are becoming more confident of a Trump victory, and it is starting to be more heavily reflected in certain sectors,” said Rick Meckler, partner at Cherry Lane Investments. However, he noted that the overall market impact was more subdued. “Most investors are not changing their overall commitment to US equities. After all, the broad stock market rose under the last Trump administration and has risen under the Biden administration as well,” Meckler added.

Gun makers and ammunition stocks, including Smith & Wesson Brands, Sturm Ruger & Company, and Ammo, jumped between 5 percent and 6.7 percent. Gun stocks often rise after mass shootings due to fears that gun control measures might limit firearm availability.

July 12, 2024

Bitcoin’s price experienced a slight uptick on Thursday, rising by just 0.1% to $58,549.6 as of 08:09 ET (12:09 GMT). Despite this marginal gain, the cryptocurrency continues to grapple with significant challenges, including increased token supplies and persistent selling pressure from sources such as Mt Gox and the German government.

Struggles and Supply Concerns

Over the past month, Bitcoin has suffered a 15% decline, nearing bear market territory. The defunct crypto exchange Mt Gox remains a critical issue for Bitcoin. Trustees of the exchange, which was hacked in 2014, have started returning tokens to affected clients. The extent of this distribution is unclear, but earlier this year, wallets linked to Mt Gox mobilized approximately $9 billion worth of tokens.

Additionally, the German government has been offloading Bitcoin confiscated from a piracy website, potentially holding up to $2 billion in tokens. The declining price of Bitcoin has raised concerns that major miners might sell their holdings to break even, especially after Bitcoin’s recent halving reduced miner rewards.

Market Reactions and Bargain Buying

Despite the challenges, Bitcoin has remained above its four-month low from earlier in July. Recent price declines have triggered some bargain buying, offering limited relief. Over the past week, capital inflows into Bitcoin investment products, especially exchange-traded funds (ETFs), have increased, instilling some confidence in the currency and preventing further declines.

Sentiment towards crypto ETFs is expected to improve in the coming weeks, particularly as the Securities and Exchange Commission (SEC) prepares to make a key decision on spot ETFs for Ether, the world’s second-largest cryptocurrency.

Broader Cryptocurrency Market

In the broader cryptocurrency market, major altcoins have seen gains. Ether rose by 1.3% to $3,149.32, XRP increased by 2%, ADA climbed by 3%, and SOL added 0.5%. Meme tokens like DOGE and the Investing.com Shiba Inu Index remained mostly flat.

Improved optimism regarding potential U.S. interest rate cuts has weakened the dollar, although this has offered limited support to cryptocurrency prices. Federal Reserve Chair Jerome Powell noted progress in reducing inflation but emphasized that more confidence is needed before cutting interest rates. Investors are now focused on the upcoming consumer price index data for further rate-related cues.

Speculation Index and Bitcoin Prices

The speculative fervor in the crypto markets seen in the first quarter has diminished, potentially signaling a resurgence in Bitcoin prices. Capriole Investment’s crypto speculation index, which tracks the percentage of altcoins with 90-day returns greater than Bitcoin, has fallen below 10%, significantly lower than its January peak of nearly 60%.

Historically, a speculation index below 10% has marked the beginning of significant Bitcoin rallies, as observed in the first half of 2019, late 2020, and the second half of 2023. Speculative washouts act as corrective mechanisms, aligning asset prices with fundamentals and fostering a healthier long-term market environment.

Zerodha Co-founder Nithin Kamath Raises Concerns About Cryptocurrency Tax Rules on Social Media

Nithin Kamath, co-founder of Zerodha, recently used the social media platform X (formerly Twitter) to highlight the inconsistent taxation of cryptocurrency transactions.

Kamath noticed an advertisement for a cryptocurrency Futures and Options (F&O) exchange, which prompted him to post his concerns. He pointed out that while the Securities and Exchange Board of India (SEBI) is working to restrict F&O trading, a crypto F&O ad appeared on the front page of the Economic Times. Kamath emphasized that these crypto platforms claim the 1% Tax Deducted at Source (TDS) rule, which applies to regular cryptocurrency transactions, does not apply to crypto F&O transactions. He urged the Finance Ministry and Nirmala Sitharaman to investigate this discrepancy.

SEBI’s New Circular and Its Impact

Kamath also commented on a recent circular issued by SEBI, which will eliminate the rebates brokers receive from stock exchanges based on overall turnover. He explained that SEBI’s new rules require market infrastructure institutions, like stock exchanges, to be transparent about their charges. This change will significantly affect brokers, traders, and investors.

Kamath noted that stock exchanges charge transaction fees based on brokers’ total turnover. The difference between what brokers charge their customers and what the exchange charges the brokers is a rebate, which brokers keep. These rebates are common globally and account for about 10% of Zerodha’s revenue and up to 50% for other brokers. With SEBI’s new circular, this revenue stream will disappear.

Impact on Zerodha’s Brokerage Model

Kamath explained that Zerodha was one of the last brokers offering free equity delivery trades, subsidized by F&O trading revenues. Due to the new SEBI rules, Zerodha will likely need to end its zero brokerage structure or increase brokerage fees for F&O trades. Kamath added that brokers across the industry would need to adjust their pricing models in response to these changes.

Step 1: Choosing Your Cryptocurrency

The first step is deciding which cryptocurrency you want to buy. Here are some of the most popular options:

• Bitcoin (BTC) – The first and most well-known cryptocurrency. Bitcoin has the largest market cap and is considered “digital gold” for its store of value.
• Ethereum (ETH) – The second largest crypto, Ethereum is a software platform for decentralized apps and smart contracts. ETH is the native currency of the network.
• Monero (XMR) – A privacy-focused cryptocurrency that offers anonymous transactions by obscuring sender and receiver identities.
• Litecoin (LTC) – Created as a faster and more lightweight version of Bitcoin. Useful for cheap and fast crypto payments.

Once you’ve chosen a cryptocurrency, it’s time to find an exchange where you can buy it.

Step 2: Finding a Crypto Exchange

Cryptocurrency exchanges are platforms that allow you to buy, sell, and trade crypto. Some things to look for in an exchange:

• Security – The exchange should use encryption and cold storage to protect your funds.
• Fees – Many exchanges charge fees for transactions. Look for reasonable fees.
• Payment methods – For buying crypto, you’ll need an exchange that lets you deposit fiat currency like USD from your bank account.
• Verification – Most exchanges require ID verification like a driver’s license for account setup.
• Available cryptocurrencies – Some exchanges only support the major coins like BTC and ETH while others list hundreds of altcoins.

Once you’ve found an exchange that fits your needs, it’s time to create an account.

Step 3: Creating an Exchange Account

The signup process for exchanges is usually simple, requiring only an email and password to create your account. Once your account is setup, you’ll need to complete identity verification before being able to buy.

The verification process requires you to provide personal information including:

• Full legal name
• Physical address
• Phone number
• Photo ID like a passport or driver’s license

This keeps the exchange compliant with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Once your identity is verified, you can start adding funds to your account.

Step 4: Depositing Funds

To buy crypto, you’ll first need to deposit fiat currency into your exchange account. Most exchanges support connecting your bank account to make deposits.

Here are some deposit options they may support:

• Bank transfer – Link your bank account to transfer USD, EUR, or other currency directly. Transfers may take 1-5 days.
• Debit/credit card – Instant but sometimes has higher fees.
• eWallet – Intermediary services like PayPal or Neteller that transfer to the exchange.
• Wire transfer – Direct bank transfer that clears rapidly.
• Cash deposit – Some exchanges have partnerships with banks or other retail stores to accept cash deposits.

Be sure to only deposit an amount you feel comfortable with to start.

Step 5: Buying Your Chosen Cryptocurrency

Now comes the exciting part – actually buying crypto!

To buy, you’ll just need to:

1. Choose your desired crypto and enter the amount you want to buy.
2. Choose your payment currency (likely the fiat you deposited) and enter that amount.
3. The exchange rate between the crypto and your currency, along with any fees, will determine the total cost.
4. Confirm your order and complete the purchase.

Some exchanges like ChangeHero make it easy to directly exchange one crypto for another, like BTC to ETH exchange or XMR to ETH. The purchased crypto is automatically deposited into your exchange wallet.

And that’s it – you’ve now successfully bought your first cryptocurrency!

Step 6: Managing Your Crypto

Now that you have crypto in your exchange wallet, here are some tips for managing it:

• Exchange trading – Exchanges allow you to trade your crypto for other coins and tokens. Just beware of the risks.
• Wallets – Move your crypto into a secure digital or hardware wallet for long term storage.
• Earn interest – Some exchanges offer interest accounts to earn yield on your crypto holdings.
• Spend crypto – More merchants are accepting crypto for payments. Look for ones that take your coin.
• Diversify investments – Consider building a portfolio with a mix of cryptocurrencies and assets.

I hope this detailed guide gives you the steps and information needed to easily buy your first cryptocurrency. The process may seem overwhelming but takes just a few minutes once you have an exchange account setup.

With these tips, you’ll have the knowledge to buy crypto like a pro. Just start small, take security precautions, and have fun exploring the new world of decentralized digital currency!

TurboXBT offers simplistic trading tools that help traders of all experience levels make up to 90% instant profit from a single trade. 

The platform currently offers outstanding conditions that put you in control of your entire trading experience. Using state-of-the-art synthetic trading algorithms, the platform levels the playing field in the ever-volatile crypto market, allowing you to make a fortune from short-term trades whenever you want.

Follow these three tips for a profitable trading experience on TurboXBT

As a newbie or experienced trader on the platform, there are three tools that can aid your journey towards making a fortune. 

The first is the demo account which comes preloaded with 1000 worth of virtual coins. With this tool, you can familiarize yourself with the trading process of the platform. In addition, the demo account will allow you to practice and come up with a winning strategy before making stakes with real money.

The second tip on making a fortune on TurboXBT is leveraging the contract durations. The platform comes with several options starting from 30 seconds. Choosing the timeframe that you’re comfortable with will surely increase your winning chances.

The final tip you can leverage to get huge returns on TurboXBT is not sticking to one asset on the platform. You’ll find 17 assets and 38 trading pairs on TurboXBT, offering different profit margins capped at 90%. 

Sticking to only one trading pair might reduce your chances of cashing in huge bucks from the others. As such, spreading your trade will not only increase your chances, but it’ll also help you get familiar with the others to easily pinpoint the asset that brings in the highest returns for you.

Now that you know the secrets to make a fortune on TurboXBT, it’s also important that you understand how other features work.

Sticking to only one trading pair might reduce your chances of cashing in huge bucks from the others. As such, spreading your trade will not only increase your chances, but it’ll also help you get familiar with the others to easily pinpoint the asset that brings in the highest returns for you. This Motley Fool review can help you diversify your portfolio for long-term investment.

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AI, or Artificial Intelligence, has revolutionized various industries, and the financial sector is no exception. Trading involves analyzing vast amounts of data, staying updated with market trends, and making split-second decisions. These tasks can be daunting for even the most seasoned traders. This is where Ethereum Code steps in, offering a powerful AI-driven solution.

Ethereum Code employs sophisticated algorithms and machine learning to process massive datasets, identify patterns, and predict market movements with impressive accuracy. Here’s how it can elevate your trading game:

1. Data Analysis at Lightning Speed

The cryptocurrency market never sleeps, and opportunities arise at any given moment. Ethereum Code can analyze an enormous amount of data in a fraction of a second, ensuring you don’t miss out on potentially profitable trades. Its speed and efficiency give you an edge in fast-paced markets.

2. Comprehensive Market Research

Successful trading requires in-depth knowledge of market trends and developments. Ethereum Code scours the internet, news sources, and social media to provide you with real-time market insights. It compiles information from various sources, helping you make more informed decisions.

3. Precise Entry and Exit Points

One of the most challenging aspects of trading is determining when to enter or exit a position. Ethereum Code uses its predictive capabilities to pinpoint optimal entry and exit points, minimizing risks and maximizing profits.

4. Continuous Learning

The cryptocurrency market is constantly evolving. Ethereum Code adapts and learns from market changes, ensuring that its algorithms remain up-to-date and effective. This adaptability is a key advantage in a volatile market.

Getting Started with Ethereum Code

Now that you understand how Ethereum Code can enhance your trading skills, let’s take a look at how you can get started:

• Registration: 

Begin by signing up for an account on the Ethereum Code platform. You’ll need to provide some basic information and create a password to secure your account.

• Deposit Funds: 

To start trading, you’ll need to deposit funds into your Ethereum Code account. The platform typically requires a minimum deposit to get started.

• Set Preferences: 

Customize your trading preferences within the platform. You can specify your risk tolerance, trading strategies, and other parameters to align with your trading goals.

• Activate the AI: 

Once your account is funded and preferences are set, you can activate the AI trading bot. It will begin analyzing the market and executing trades on your behalf.

• Monitor and Adjust: 

While Ethereum Code can operate autonomously, it’s essential to monitor your account regularly. You can adjust your settings, withdraw profits, or reinvest as needed.

Realistic Expectations

It’s important to approach trading with realistic expectations. While Ethereum Code can significantly improve your trading skills, it’s not a guaranteed path to instant wealth. The cryptocurrency market remains highly volatile, and losses can occur. It’s crucial to only invest what you can afford to lose and to continually educate yourself about trading strategies and risk management.

Dogecoin (DOGE)

Dogecoin was created in 2013 as a joke currency but has since grown to become one of the most popular cryptocurrencies in the market. While Dogecoin’s popularity has been driven by celebrity endorsements and social media hype, it is known for its volatility, with prices often swinging wildly based on the latest news or meme. In 2021, Dogecoin experienced an impressive surge, with prices skyrocketing over 12,000%, only to experience a massive price crash in May. The unpredictable nature of Dogecoin makes it one of the most unstable cryptocurrencies, making it unsuitable for risk-averse investors.

Ripple (XRP)

Ripple is a blockchain-based payment protocol that aims to provide a seamless cross-border payment experience. While Ripple has been endorsed by financial institutions such as Santander and American Express, it has also faced significant controversy, including a lawsuit from the SEC, which claimed that Ripple sold unregistered securities. These legal issues have made Ripple one of the most unstable cryptocurrencies, with prices plummeting significantly during the lawsuit’s duration.

Tether (USDT)

Tether is a stablecoin that aims to maintain a stable value relative to the US dollar, making it an attractive investment option for those who want to avoid the volatility of other cryptocurrencies. However, Tether’s stability has been questioned, with allegations that Tether’s parent company did not have enough reserves to back the coin’s value. These allegations have made Tether one of the most unstable cryptocurrencies, with prices fluctuating based on the news surrounding its stability.

Binance Coin (BNB)

Binance Coin is the native token of the Binance exchange, one of the world’s largest cryptocurrency exchanges. While Binance Coin has enjoyed a significant surge in popularity in recent years, its prices have been known to swing wildly based on market news and the latest regulatory developments. Additionally, Binance Coin’s value is tied closely to the performance of the Binance exchange, making it particularly unstable.

Bitcoin (BTC)

Bitcoin is the world’s first and most popular cryptocurrency, and its value has surged significantly in recent years, making it a favorite among investors. However, Bitcoin’s value is also known for its volatility, with prices swinging dramatically based on market news, government regulations, and media hype. The unpredictable nature of Bitcoin makes it one of the most unstable cryptocurrencies, and investors should be cautious when investing in this digital currency.

While cryptocurrencies can provide lucrative investment opportunities, it is crucial to remember that not all cryptocurrencies are created equal. Some are much more unstable than others, and investors should exercise caution when investing in these digital currencies. By understanding the risks associated with investing in unstable cryptocurrencies, investors can make more informed investment decisions and avoid significant losses.

This growth is largely due to its willingness to adopt new technology. There are still many industries that are reluctant to accept these changes due to concerns that they will affect their business in the long run. Online gambling, however, does not follow this rule. To keep up with the market’s ever-changing demands, online casinos, and gambling sites continually adopt new trends. In this article, we will examine one of those trends, crypto payments in iGaming. 

Gambling Online and Cryptocurrencies

Blockchain technology has become increasingly popular in the online gambling industry over the past few years. Casinos adopted Bitcoin as the first blockchain-based currency in May 2012, paving the way for this change. Several other digital currencies followed soon after. CasinoCoin, a cryptocurrency specifically designed for the online gaming industry, has recently emerged. 

Casinos that accept cryptocurrency allow their customers to deposit and withdraw funds in digital currencies. With more and more people enjoying the benefits of these casinos, the industry has been completely revolutionized.

The Benefits of Cryptocurrency for Casinos and Players

In the paragraphs below, we have highlighted some of the many benefits that crypto offers both casinos and players.

Experience a New Kind of iGaming

Security measures and privacy policies continue to evolve and grow as the online gambling industry grows. Crypto transactions provide a greater sense of security and safety to online gamblers. Traditional payment methods do not offer the level of anonymity provided by digital currencies. As a result of this anonymity, hackers have a harder time accessing player accounts, thus protecting customer funds.

As crypto transactions become more secure and anonymous, online gambling firms may be more inclined to encourage responsible gaming. To prevent overspending, casinos can use blockchain’s transparent, unchangeable records. In addition to reducing the number of disputes between players and operators, this strategy protects vulnerable players from gambling addictions.

A crypto transaction is also much more cost-effective than a traditional payment method. Consequently, companies can offer more bonuses and promotions while maintaining a higher level of security and privacy for their players. There are often welcome bonuses to use on Indian casinos and other online casinos worldwide, which only get better and more generous with the use of crypto. To put it simply, crypto allows online casinos to take things to the next level and make iGaming even more enjoyable for players.

A Higher Level of Security

Gamblers fear that their banking information is at risk of being stolen by fraudsters when gambling online. The benefits of blockchain technology are likely to be known to anyone who has a basic understanding of how cryptocurrency works. Essentially, a blockchain is a database of information that records the provenance of a digital asset in a way that is impossible to change. In essence, it is a digital ledger that records all transactions involving value and provides an open database of it.

It is therefore extremely secure to use this technology. Cryptocurrency transactions are easy to track because each one includes a unique identifier. Due to the encryption of digital currencies, it is impossible to manipulate these transactions. With blockchain technology, payments are safer than with traditional currencies. In addition, it reduces the likelihood that internet users will make unauthorized transactions. 

Maintaining Anonymity

Blockchain technology also ensures users’ complete anonymity while playing. Bitcoin wallets are encrypted, so players do not have to worry about their personal information being accessed. In this way, they can concentrate solely on their games. 

Also, playing online games won’t negatively affect players’ credit scores or ability to borrow money. Bank statements won’t show cryptocurrency. A bank might examine these statements when you apply for a loan to better understand your spending habits. Any gambling activity will make them more likely to deny the loan. 

Expanding the Player Base

Using cryptocurrency and blockchain technology to power iGaming platforms makes them more secure and independent. 

As a result, gamers have been attracted since they can transfer funds anonymously and securely. Traditional payment methods are slower and less reliable than cryptocurrency transactions. In addition, crypto provides unique features like lower fees, increased privacy, and pseudonymous identities. Thus, the iGaming industry has expanded due to more players playing at online casinos and engaging in gambling activities.

The users of cryptocurrency transactions can also benefit from special bonuses and discounts when they deposit.

Many websites support cryptocurrency payments with no fees, as well as bonuses such as free spins or reload bonuses. It has allowed consumers to maximize crypto transactions, helping online gaming flourish.

Increased Speed

Gamblers face a lot of hurdles when it comes to receiving their winnings when they gamble online. They are especially vulnerable to this when they receive payouts from international companies. Many players prefer brick-and-mortar stores over online casinos due to the long processing time of SWIFT payments. 

The use of cryptocurrencies such as Bitcoin, Ethereum, or Litecoin prevents users from waiting long periods for their winnings to be processed. Players receive their cryptocurrency winnings instantly in their digital wallets, allowing them to enjoy them quickly.

A Cost-Effective Solution

Due to their decentralized nature, cryptocurrencies have no governing body that verifies transactions. Traditional currency transactions always involve additional fees and costs imposed by banks. There are additional costs both for the player and for the casino. By using cryptocurrency for gambling, these fees are either eliminated or reduced significantly. Furthermore, this cryptocurrency can also be converted into fiat currency without having to visit a bank.

A Few Final Thoughts

There is still considerable debate over the use of cryptocurrency. Some believe it is too volatile for the average investor, while others think it is the future. Could cryptocurrency integration in online gambling work? That would seem to be the case.

By offering this payment option, casinos will attract new customers and offer their existing clients additional benefits. Furthermore, this digital currency seems to solve a lot of problems for the online gambling industry. The use of cryptocurrency can be quicker, safer, and more cost-effective for both players and online casinos. 

What is a recession and how does it affect the economy?

A recession is a period of economic deterioration that is commonly characterized as two consecutive quarters of negative GDP growth (GDP). Recessions may have a huge economic impact, resulting in job losses, firm closures, and reduced consumer spending.

Recent economic data and forecasts for a 2023 recession

Recent economic signs, such as increasing prices and sluggish employment growth, have many analysts predicting a recession in 2023. However, it is crucial to remember that these forecasts are prone to alter due to a variety of reasons.

How a recession may devastate the stock market

During a recession, firms’ profits and revenue may fall, causing stock values to fall. This might lead to a drop in the general stock market as investors become more cautious and sell off their holdings.

Examples of stock market performance during recessions in the past. The stock market has historically done badly during recessions. For example, during the 2008 financial crisis, the S&P 500 index fell by more than 50%. However, it is important remembering that the stock market may swiftly recover after a recession.

An examination of which industries may suffer the most during a recession. Retail and leisure businesses, which rely significantly on consumer spending, may be hurt the hardest during a recession. Furthermore, businesses sensitive to interest rates, such as real estate, may be impacted.

A recession’s impact on cryptocurrency pricing

A recession may have a variety of effects on cryptocurrency values. During a recession, for example, investors may become more risk-averse and sell their crypto assets. Furthermore, a recession may result in a fall in consumer spending, which might have a negative influence on the market for cryptocurrencies.

The bitcoin market’s volatility and how it may be influenced by a recession

The bitcoin market is notorious for its tremendous volatility, which may be exacerbated by a recession. However, because the crypto market is still relatively young and little understood, it is impossible to forecast how it would be affected by a recession.

Analysis of which cryptocurrencies are most likely to withstand a recession:

It is impossible to predict which cryptocurrencies would be more resilient to a recession. However, other analysts believe that cryptocurrencies with a large and loyal user base, Bitcoin and Ethereum, for example, may be more resilient to a downturn.

Key points mentioned in the video summarised

• A recession is a period of economic deterioration defined by two quarters of negative GDP growth in a row.
• A recession may have a severe economic impact, resulting in job losses, firm closures, and reduced consumer expenditure.
• Recent economic signs point to a possible recession in 2023, but forecasts are susceptible to change.
• The stock market generally underperforms during recessions, but it may also swiftly recover following one.
• Retail and entertainment industries, as well as those sensitive to interest rates, such as real estate, may be hurt the most during a recession.
• A recession can have an impact on cryptocurrency values, but the volatility and newness of the crypto industry make forecasting impossible.
• Cryptocurrencies with a large and loyal user base may be more resilient to a recession.

Potential strategies to safeguard investments during a recession:

It is critical to protect your money during a recession by diversifying your portfolio and investing in assets that have a weaker connection to the stock market. This might include bonds, real estate, or even cryptocurrency assets. Furthermore, it may be prudent to invest in firms that have a good financial position and are less vulnerable to a recession.

Final comments and tips for viewers on how to prepare for a possible recession in 2023:

While a recession may appear frightening, it is a natural part of the economic cycle and can bring chances for development and investment. It is critical to maintain a long-term perspective and avoid making hasty judgements based on short-term market swings. It is also advised that you get the help of a financial expert in order to design a strategy that is appropriate to your financial status and aspirations. Furthermore, it is critical to keep updated and educated about current economic situations in order to be prepared for any prospective market developments.

It was groundbreaking news when Bitcoin spiked, last November, to its highest price since 2017 reaching a record breaking €15,019. But after a week of cryptocurrency mania, its price plunged.

Massive media explained the rise and fall of cryptocurrencies as a big fish investor fueled maneuver to fast track gains, but experts like Antoni Trenchev, managing partner of Nexo in London, explained that every major spike in a currency is plausible to undergo a correction.

However, the scepticism created by that minor fall has been overcome as cryptocurrencies rapidly recovered its value and today Bitcoin is steadily growing and reached a value of €28.000.