Robinhood Announces Plans to Launch Web3 Crypto Wallet, Billionaire Mike Novogratz Breaks Silence on UST and Luna Cras
Categories: Crypto News US
Robinhood Announces Plans to Launch Web3 Crypto Wallet, Billionaire Mike Novogratz Breaks Silence on UST and Luna Crash, CFTC Plans to Increase Crypto EnforcementThe crypto market, which has been tracking with the stock markets lately, has been a casualty of the broader market selloff of risky assets as investors wrestle with high inflation, the war in Ukraine, and shifts in U.S. monetary policy. Although not usually correlated to stocks, the crypto and stock markets are rising and falling in similar patterns. The big crypto market crash is just the latest reminder for investors that crypto assets come with extra risk and volatility, especially in times of economic and political uncertainty like we’re in now. Either way, experts advise not to make financial decisions based on news-related panic or hype. Here’s what investors should make of the latest crypto news. Bitcoin is the largest cryptocurrency by market cap, and a good indicator of the crypto market in general, since other coins like Ethereum (and smaller altcoins) tend to follow its trends. Even though Bitcoin recently set another new all-time high, it was a pretty normal uptick for the crypto, which is notorious for its volatility. That’s not to say investors should take swings in either direction lightly, and this is also why investing experts recommend not making any major investment changes based on these normal fluctuations.Cryptocurrency is still very new, and everything from innovation to regulation can have an outsize impact for investors. Here’s how you can invest smartly, regardless of what’s making news or Bitcoin’s price swings.