Category: Cryptocurrency

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Bitcoin has hit a new milestone, crossing the $100,000 threshold for the first time. This surge comes as part of a broader rally in the cryptocurrency market, largely fueled by the post-election optimism following the election of Donald Trump. But what does this mean for Bitcoin’s future? Will the Bitcoin price surge continue, or is it a fleeting spike?

What’s Driving the Bitcoin Price Surge?

The price of Bitcoin has been climbing steadily since Trump’s victory in the U.S. presidential election. On Election Day, Bitcoin was valued at $69,374, but by Wednesday, it had reached a high of $103,713, according to CoinDesk. The latest surge was spurred by Trump’s announcement that he intends to nominate cryptocurrency advocate Paul Atkins as the next chair of the Securities and Exchange Commission (SEC).

Trump’s relationship with cryptocurrency has evolved over time. While once a skeptic, he has recently embraced digital assets, vowing to make the U.S. “the crypto capital of the planet.” Trump’s campaign even accepted donations in cryptocurrency, and he has been actively courting the crypto community. This change in sentiment has translated into favorable market conditions for Bitcoin, further fueling the Bitcoin price surge.

The Role of Bitcoin ETFs

A significant factor driving Bitcoin’s price has been the approval of Bitcoin exchange-traded funds (ETFs). These ETFs allow investors to gain exposure to Bitcoin without directly purchasing the cryptocurrency. Prior to Trump’s victory, Bitcoin ETFs were already a dominant force in driving the price of Bitcoin higher. However, after Trump’s election, Bitcoin ETFs saw record inflows, pushing the price even further.

What Does Bitcoin Surpassing $100,000 Mean?

Bitcoin crossing the $100,000 mark is a milestone that has many analysts and investors excited. Nathan McCauley, CEO of Anchorage Digital, described the surge as a “fundamental transformation” of Bitcoin’s role in the financial system. As more institutional investors enter the market, Bitcoin is starting to gain legitimacy as an asset class.

However, not everyone is convinced that Bitcoin’s rally marks the beginning of a new era. Some, like Dan Coatsworth, investment analyst at AJ Bell, caution that the $100,000 level is more of a psychological milestone than a true indicator of Bitcoin’s mainstream adoption. While the surge is significant, it remains to be seen whether Bitcoin can sustain these high values in the long term.

Can Bitcoin Price Keep Climbing?

Looking ahead, Bitcoin’s price could continue to climb, especially if Trump follows through on his pro-crypto promises. If the U.S. government creates a Bitcoin reserve, it could reduce supply, potentially driving the price even higher. Institutional investors may also continue to drive demand, further propelling the Bitcoin price surge.

That said, Bitcoin remains a highly volatile asset. The cryptocurrency market is still young, and Bitcoin’s price can fluctuate dramatically. Regulatory uncertainties and environmental concerns surrounding Bitcoin mining are potential headwinds for further growth. Additionally, many investors are still wary of the speculative nature of cryptocurrency investments.

Should You Invest in Bitcoin?

For those considering jumping on the Bitcoin bandwagon, experts recommend caution. While the Bitcoin price surge has generated excitement, it is essential to remember that cryptocurrency is highly speculative. Adam Morgan McCarthy, a research analyst at Kaiko, has warned against investing more than one can afford to lose, given Bitcoin’s history of volatility.

The recent rally has sparked “FOMO” (fear of missing out) among some investors, but experts caution that jumping in without understanding the risks could lead to significant losses. In fact, research from the Bank for International Settlements found that many retail investors lost money on their Bitcoin investments between 2015 and 2022.

Conclusion

Bitcoin’s recent price surge to over $100,000 has certainly captured the attention of investors, but it’s essential to approach this digital asset with caution. While the rally may continue in the short term, the long-term prospects for Bitcoin remain uncertain. As the market adapts to the shifting regulatory landscape and rising institutional interest, it’s crucial to evaluate the risks and stay informed about future developments in the cryptocurrency space.

For those looking to invest in Bitcoin, remember that volatility remains a significant factor, and only invest what you can afford to lose.

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DALLAS, Dec. 4, 2024 /PRNewswire/ — Dallas College is proud to announce the launch of a groundbreaking Bitcoin Mining Certification program. It is designed to meet growing demand for skilled professionals in the cryptocurrency mining industry, as well as empower entrepreneurs and at-home innovators to break new ground in this evolving space.

Texas is home to five of the top 10 bitcoin mines in the U.S., and the state’s supportive regulatory environment continues to attract significant investment, fueling job creation and local economic growth.

“At Dallas College, our mission is to provide innovative programs that align with rapidly expanding industries and meet the needs of Texas’ workforce. Our Bitcoin Mining Certification Program exemplifies our commitment to equipping students with the skills and knowledge required to excel in cutting-edge fields and to inspire entrepreneurship in the mining community,” said Justin Cunningham, associate vice chancellor of innovation at Dallas College.

In addition to hands-on instruction, Bitcoin Mining program participants will receive powerful industry equipment and materials, including their own mining machine to take home.

Enrollment Highlights

• Cost: $4,000 (tuition assistance is available)
• Hands-on instruction: Intensive, practical training from industry experts
• Mining machine: Bitmain Antminer S19j Pro 110th (requires two 220v outlets to power and configure)
• Hearing protection: For safe learning
• Book: “Ultimate Bitcoin Mining Handbook”
• Industry-recognized certification: Web3 Certification Board (W3CB) Mining+ Certification through proctored exam

The intensive, 48-hour program begins Tues., Dec. 10. Students attend online lectures from 1-4 p.m. for the first four days (Dec. 10-13) and then move to either hands-on, classroom instruction for the final two days (Dec. 16-17) or an instructor led, at-home, Zoom session (Dec. 19-20), using their own bitcoin machine. (See details and class schedule here.)

Curriculum Overview
The Bitcoin Mining Certification Program includes a four-section curriculum designed to provide foundational and advanced knowledge in cryptocurrency mining.

• “Fundamentals of Bitcoin and Crypto Mining” covers the basics of digital currencies and blockchain technology and gives insight into mining processes, hardware as well as the installation, configuration and optimization of software.
• “Advanced Technical Aspects of Crypto Mining” explores mining hardware and performance metrics, and covers advanced techniques for software customization and automation, secure and efficient mining network setups, best practices for maintenance and resolving technical issues.
• “Environmental Impact and Sustainability in Crypto Mining” focuses on energy consumption patterns, renewable energy sources, strategies for reducing environmental impact and engaging with local communities for sustainable practices.
• “Economics and Investment Strategies in Crypto Mining” evaluates market dynamics affecting profitability, capital requirements, effective business plans and risk management strategies.

Innovation at Home and Beyond
This program is designed to ignite innovation for students from a wide spectrum of personal and professional backgrounds, offering expertise and equipment to help kick-start a successful business in the cryptocurrency industry. Graduates seeking industry employment could earn $60,000 to $120,000 annually.

“We are thrilled to collaborate with Dallas College in pioneering this essential workforce development and entrepreneurial innovation initiative,” said Bryant Nielson, executive director of W3CB. “The W3CB Mining+ Certification validates an individual’s command of the knowledge and technical ability necessary to become a proficient bitcoin and cryptocurrency miner.

“As cryptocurrency mining continues to expand globally, the need for skilled professionals has never been greater within the US,” said Ryan Williams, CEO of The Blockchain Academy. “By delivering this first-of-its-kind certification program, we’re not only meeting that demand but also paving the way for entrepreneurial innovation in the mining sector.”

Enrollment Information
Interested students can get more information about the course and enroll in the Bitcoin Mining Certification Program, by visiting https://web3.dallascollege.edu/bitcoin-mining-bootcamp/ or emailing web3@dallascollege.edu.

About Dallas College
Celebrating its 60th anniversary in 2025, Dallas College consists of seven campuses—Brookhaven, Cedar Valley, Eastfield, El Centro, Mountain View, North Lake and Richland—plus a dozen centers located throughout Dallas County. As one of the largest community colleges in the U.S., Dallas College offers online and in-person learning, serving more than 127,000 credit, workforce and continuing education students annually. Students benefit from partnerships with local school districts, four-year universities, industry and community leaders. Dallas College offers associate degrees and career/technical certificate programs in more than 100 areas of study, as well as bachelor’s degrees in education and nursing. As the largest provider of dual credit in Texas, Dallas College serves 30,000 high school students through 63 dual credit programs. www.dallascollege.edu

About The Blockchain Academy
The Blockchain Academy is a leading education provider specializing in Web3, blockchain, and digital asset technologies. Offering a wide range of courses from beginner to advanced levels, The Blockchain Academy empowers individuals, entrepreneurs, and organizations to thrive in the evolving blockchain space. With a focus on practical, real-world applications, The Blockchain Academy provides learning experiences that translate into tangible career opportunities in the blockchain industry.

About Web3 Certification Board
The Web3 Certification Board (W3CB) is an independent body dedicated to validating proficiency in blockchain, cryptocurrency, and decentralized technologies through industry-recognized certifications. W3CB works with educational institutions, industry partners, and leading experts to develop high-quality standards and certification exams that prepare individuals for the rapidly evolving Web3 ecosystem. The W3CB Mining+ Certification represents a standard of excellence for professionals in the cryptocurrency mining industry.

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HANOI, Vietnam, Dec. 4, 2024 /PRNewswire/ — KuCoin, a leading global exchange, has proudly hosted an enlightening substage session at the prestigious VTIS event on December 3rd, drawing a crowd of over 300 participants to Stage C with 4 insightful panels and 2 inspiring speeches. The session, themed “Next-Gen Consumer Apps and the Digital Economy,” offered a profound exploration into the transformative potential of digital assets.

During this pivotal event, visionaries, industry leaders, and enthusiasts gathered to delve into how digital assets revolutionize consumer experiences and the broader economic landscape. The session presented an array of discussions ranging from payments to blockchain’s role in consumer applications, focusing on the immense opportunities within the ASEAN market.

A panel on the “Next Generation of Payment” kicked things off, featuring innovators like Hieu Do (Head of Partnership of Holdstation), Cody Li (Founder of Terminus.network), and Cem Arcan (Head of Ecosystem of Next Generation). This was followed by a panel discussion on “Building Digital Markets with RWA,” where Mary Tran (CEO of Orochi Network), Wynn Le (Manager Director of SSI Digital), and CK Ong (COO of SBI Digital Market) shared their expertise.

Raymond Chu, Director of Thailand International Digital Business & Finance Center (TIDC), then delivered a keynote on “A Gateway to Southeast Asian Digital Growth,” highlighting the region’s unique market dynamics. The afternoon sessions also included a deep dive into “Future Innovation and Security in Blockchain,” with contributions from Celine Chong (Sales Engineer of Figment), Vi Vi (Co-Founder of ZKP Labs), and Will Huang (Ecosystem Lead of TONX). Yuki Zhou (HK Hub Lead of TON Society), Jenny Nguyen (COO of Kyros Ventures), Son Ho (MD and Head of Investment of k300 ventures) and Vanny Ha (Head of Vietnam of Kaia LTD Foundation) then took the stage to discuss Web3 Consumer App in ASEAN Market.

The event concluded with a keynote from Trần Kim Duy Lân, Lecturer of HUTECH University, focusing on the future impact of technology on blockchain and AI. The “Blockchain & Fintech Fiesta” networking hour wrapped up the event, fostering connections and discussions among innovators, industry shapers, youngsters and enthusiasts.

“We are glad to have hosted the event at the prestigious Vietnam National Convention Center, together with leading financial and technology companies like SSI Securities Corporation (SSI) and FPT,” said Alicia Kao, Managing Director of KuCoin. “KuCoin will continue to support the AI and blockchain technology innovation in Vietnam and provide platform and resource to the local community in education, incubation and mentorship.”

KuCoin has also collaborated with volunteers from prestigious Vietnamese universities, including Diplomatic Academy of Vietnam, Foreign Trade University, Academy of Journalism and Communicationand etc, offering enriching experiences and learning opportunities for the younger generation interested in blockchain, AI, and fintech industries. This partnership highlights KuCoin’s commitment to educational development. It stands as a cornerstone of KuCoin’s global corporate social responsibility initiatives, aiming to foster a knowledgeable and skilled future workforce in the rapidly evolving tech landscape.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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The ‘ForeverSkills’ Digital Collectibles provides all holders exclusive access to football skills tutorials featuring Cristiano Ronaldo and the opportunity to attend a masterclass hosted by the football legend himself

DUBAI, UAE, Dec. 2, 2024 /PRNewswire/ — Binance and Cristiano Ronaldo today announced its latest set of Digital Collectibles, “ForeverSkills,” celebrating the footballer’s legendary skills that have set the standard and shaped the game of football.

This collection features a “Proof of Skills” challenge where football fans will be able to show off their football skills to Cristiano Ronaldo through TikTok or Instagram. Seventy-seven handpicked participants of the challenge will be provided with a “Proof of Skill” Digital Collectible. One out of the chosen seventy-seven “Proof Of Skill” holders will be selected by Binance and Cristiano to get a once-in-a-lifetime opportunity to attend the masterclass with him in person, joined by one winner out of the 777 premium holders.

All holders of the Free and Premium Digital Collectibles will be given access to skill video tutorials where Cristiano breaks down his skills. Premium Digital Collectibles will be available for purchase at $77 with only 777 available where holders are able to access all seven skills video tutorials and digitally attend the video masterclass hosted by the GOAT. Premium holders also have the chance to win a pool of seven signed jerseys and seven WHOOP bands signed by Cristiano which will include the WHOOP device and full WHOOP app access for a year, and the grand prize to meet Cristiano Ronaldo in person at his masterclass.

“Through the ForeverSkills Digital Collectibles, Cristiano Ronaldo fans and Binance users will be able to connect with the football legend on a level that is only possible through our efforts bridging digital and physical worlds, including being able to duet with Cristiano Ronaldo for the first time through social media,” Binance Head of Global Partnerships Sarah Dale. “We are excited to allow his fans to participate in a skill challenge with him, learn the iconic skills that fans admire Cristiano for, while bringing them closer to him with exclusive access, content and merchandise.” 

“I am happy to have the opportunity to share and celebrate my skills with my fans, through my partnership with Binance where we are elevating the fan experience through Web3 and bringing real-world experiences from digital to physical,” said Cristiano. “This latest collection is all about skills, inviting the next generation of players and amateur footballers to take their skills to the next level while imparting my skills and sharing my legacy.”

The “Proof of Skill” challenge will take place from December 1 to 6, 2024 where participants will create a video duet on TikTok or Instagram recording their best football moves alongside Cristiano Ronaldo—winners will be chosen on December 8, 2024. Top entries will be picked by both Binance and Cristiano and given the exclusive “Proof of Skill” collectible, with only 77 in existence. One “Proof Of Skill” and one Premium holder will have the opportunity to attend a Cristiano Ronaldo masterclass in person.

Free Digital Collectibles of the collection will be available after registering for a Binance account and completion of KYC from December 9, 2024 till December 18,2024. Premium Collectibles will be available for purchase on December 12, 2024 till sell out or December 18, 2024. Learn all about the “ForeverSkills” drop here: The CR7 ForeverZone.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 240 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com

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DUBAI, UAE, Dec. 2, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, steps up its commitment to the Brazilian market with the physical Bybit Card. Starting now, users in Brazil may pre-register their interest in the physical Bybit Card and enjoy free card issuance for a limited time only. The evolution of the Bybit Card reaffirms Bybit’s mission to deliver accessible and innovative financial solutions to its growing user base globally.

Bybit users in Brazil may unlock early access to the physical card before the general release in two simple steps:

1. Apply for a virtual card and wait for approval; and
2. Sign in and pre-register to secure the physical card for free.

Applications received during the pre-registration stage are entitled to extra perks, as the physical card will be offered at zero cost. Additionally, from now until the end of 2024, new users may also benefit from a generous welcome offer: successful applicants may unlock a 150 BRL reward simply by depositing 100 USDT and spending with the card.

Available virtually since Sep. 2024, the Bybit Card helped remove barriers to everyday crypto spending for more than 28 thousand users in Brazil. A strategic market in Latin America, Brazil has shown increasing demands for crypto assets in the private as well as public sectors, making reliable and convenient off-ramp solutions a necessity as crypto adoption rate rises.

“We are pleased to bring the Bybit Card experience in physical form for our customers in Brazil,” said Joan Han, Sales and Marketing Director of Bybit. “The Bybit Card has seen exponential growth this year and it would not have been possible without the support and trust of our users across four continents. We hope the physical card will accompany them on their journey when they make daily purchases and travel the world,” she said.

The Bybit Card comes with copious rewards for loyal users. With over 90 million merchants worldwide in the Mastercard network, the Bybit Card plugs the gap between crypto holdings and global spending with added benefits:

• Zero fees for card issuance and delivery
• Zero annual or hidden fees
• 2% cashback in USDT, BTC and ETH on eligible purchases
• Up to 8% APY
• Instant virtual card for immediate access to funds

Users may learn more about how to Live the Crypto Life With Bybit Card.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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The world of cryptocurrency is buzzing with excitement over CYBRO, a new decentralized finance (DeFi) platform gaining traction among large-scale investors and analysts. With the presale of CYBRO tokens surpassing $5.5 million, many are looking at this emerging asset as a unique opportunity within the ever-changing crypto investment trends. Let’s explore why this project has captured the attention of industry heavyweights and what it means for your crypto investment strategy.

CYBRO Presale Hits $5.5 Million: A Rare DeFi Opportunity

CYBRO’s presale success, with over $5.5 million raised, is making waves in the crypto world. Positioned as a multichain DeFi platform, CYBRO enables investors to maximize returns across multiple blockchains regardless of market fluctuations.

During the presale, CYBRO tokens are priced at $0.045, and experts predict a potential ROI of up to 1200%. This has led to significant interest from Solana (SOL) whales and other influential figures in the cryptocurrency space, reinforcing confidence in CYBRO’s potential.

Investors in CYBRO gain access to numerous exclusive benefits, including:

High staking rewards

Generous airdrops

Cashback on purchases

Discounted trading and lending fees

Robust insurance programs

With only 21% of tokens allocated for the presale and 100 million already claimed, CYBRO’s unique features set it apart in the crowded DeFi landscape. The project’s technological innovation and strong backing underscore its appeal to forward-thinking investors.

Solana’s Price Dip and Its Implications

While CYBRO gains momentum, Solana (SOL) has seen a recent dip in price, currently trading between $233.64 and $266.25. Over the past week, SOL’s value dropped by 6.88%, though it gained an impressive 30.92% in the last month. Analysts point to key indicators such as the Relative Strength Index (23.04) and Stochastic (13.75), both suggesting that Solana is oversold and could experience a rebound.

Resistance levels for Solana are set at $283.64 and $318.25, representing potential increases of 17% and 34%, respectively. On the downside, support levels at $214.41 and $179.81 provide a cushion against further declines. While Solana’s long-term potential remains intact, its recent volatility highlights the importance of diversification and strategic allocation.

Why CYBRO is a Game-Changer in Crypto Investment Trends

CYBRO stands out as a promising project within the DeFi space. Built on the Blast blockchain, it leverages AI-driven yield aggregation to optimize earnings for its users. This technological edge, combined with its transparent and compliant framework, ensures a superior experience for both new and seasoned investors.

The project’s focus on usability and security has attracted endorsements from crypto whales and influential market analysts. Features such as smooth deposits and withdrawals, coupled with a commitment to transparency, reinforce CYBRO’s standing as a reliable platform. For investors wary of market volatility, CYBRO’s diversified earning mechanisms offer a measure of stability in an unpredictable industry.

The Role of Major Players in CYBRO’S Growth Potential

The backing of major investors, including Solana whales, underscores CYBRO’s credibility and growth potential. Companies such as Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) also demonstrate the increasing institutional interest in innovative blockchain solutions. While CYBRO is not yet publicly listed, its early success points to a bright future in the competitive crypto landscape.

Conclusion

The rise of CYBRO amid shifting crypto investment trends highlights the growing appetite for innovative DeFi solutions. With its successful presale, cutting-edge technology, and support from prominent investors, CYBRO has positioned itself as a standout opportunity in the crypto market.

Whether you’re diversifying your portfolio or exploring new opportunities, keeping an eye on projects like CYBRO could be a smart move. As always, remember to invest only what you can afford to lose and maintain a balanced approach to mitigate risks.

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The value of cryptocurrencies like Bitcoin has been climbing significantly following Donald Trump’s return to the political spotlight. As of November 22, Bitcoin hit a historic peak of over $99,000. Despite this upward trajectory, financial experts caution investors against diving headfirst into the crypto market. Let’s explore the core reasons why crypto risks should not be overlooked.

The Volatility of Cryptocurrencies

Rachel Lawrence, CFP and head of advice at Monarch, warns that cryptocurrency’s volatility is a double-edged sword. She believes a Trump presidency could create favorable conditions for crypto, including reduced regulations and energy policies that lower operational costs for miners. However, Lawrence emphasizes the unpredictability of the market:

“The crypto universe changes so quickly in reaction to world events,” Lawrence said. “While values might initially climb, one negative policy shift or global incident could send prices plummeting.”

This volatility, combined with the lack of tangible assets backing cryptocurrencies, makes them inherently risky compared to traditional investments like stocks or real estate.

Regulatory Risks Persist

Cryptocurrencies remain largely unregulated, which adds another layer of uncertainty. Unlike stocks held through brokers protected by the Securities Investor Protection Corporation (SIPC), crypto investors have no such safety net. Lawrence points out:

“If your crypto account gets hacked or a transaction is fraudulent, there’s no recourse to recover your funds.”

Platforms offering crypto services may also operate in jurisdictions with weak consumer protections, making it difficult to resolve disputes or secure assistance when issues arise.

The Energy Debate

Energy policies under a Trump administration could influence crypto’s trajectory. Cryptocurrencies, particularly Bitcoin, consume vast amounts of energy for mining operations. Policies favoring expanded fossil fuel use might lower mining costs, but this reliance on energy also leaves crypto vulnerable to fluctuating energy prices or environmental regulations. A sudden shift could have dramatic effects on market stability.

Illiquidity and Market Manipulation

Investing in lesser-known cryptocurrencies amplifies the risk of illiquidity. If demand dries up, selling your holdings could become difficult or even impossible. Market manipulation also remains a concern, particularly in small-cap cryptocurrencies with lower trading volumes.

Protecting Yourself in a Risky Market

Although crypto risks are substantial, investors can adopt strategies to minimize exposure. Lawrence recommends:

Choose Reputable Custodians: Use a trusted company or hardware wallet to store your crypto.

Diversify: Limit crypto investments to 5% or less of your portfolio.

Stick to Major Cryptocurrencies: Established options like Bitcoin and Ethereum typically have higher liquidity and lower risks of obsolescence.

Utilize Dollar-Cost Averaging: Investing small amounts regularly reduces the impact of market timing.

Secure Recovery Options: Always set up password recovery mechanisms and store credentials securely.

The Long View on Cryptocurrency Investments

While Trump’s presidency might create favorable conditions for crypto, the inherent risks of this volatile asset class remain. Investing only what you can afford to lose and maintaining a diversified portfolio are essential safeguards.

Companies like Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) may benefit from an uptick in crypto’s popularity, but the same caution applies to equities tied to the crypto market. Ultimately, understanding the volatile nature of crypto risks is key to navigating this complex investment landscape.By remaining vigilant and informed, investors can make safer choices in this high-risk, high-reward market. Avoid going all in—your portfolio will thank you.

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