In today's bustling cryptosphere, where assets rise and fall with the tide of market sentiment, one digital currency that continually catches the eye is Polygon's native token, MATIC. Observers and investors alike have witnessed the ups and downs, but it’s the resilience and potential growth that make MATIC an intriguing asset. Amidst fluctuating trade volumes…
Cryptocurrencies are still a matter of dispute. While some people try to stay away from them due to multiple risks involved, others are focused on numerous opportunities for profit they bring. Whether we like it or not, crypto has affected the market significantly. Additionally, it has changed our vision of how financial assets should work.…
Watching its price fluctuations this year, it's clear Bitcoin remains a volatile asset. If you want to reduce your exposure to Bitcoin volatility, using one or more of the following strategies will help. Historically, Bitcoin has been a volatile asset. It continues to evolve along with the factors that influence its price, namely supply and…
SVET Markets Weekly Update (December 11–15, 2023) On Week 50, the FOMC kept interest rates at 5.5% and projected slower rate hikes, boosting the Nasdaq and other major stock indexes to new highs. However, Global PMIs revealed a strong services sector and weaker manufacturing. Meanwhile, BTC and ETH investors exhibited hesitancy, as prices formed either bearish…
Short-term, Mid-term, and Long-term Predictions for Bitcoin in 2024 Short-term (In the next 1-3 months) In the short term, the narrative revolves around the approval of BTC spot ETFs. The recent market conditions have already to some extent priced in the approval of BTC spot ETFs. With the formal approval of BTC ETFs, the price…
Two months before El Salvador’s next presidential election, President Najib Bukele has relinquished his leadership. What does this mean for El Salvador? At the beginning of December, just two months before El Salvador’s next presidential election, President Najib Bukele relinquished his leadership of the country. This came as a surprise to the rest of the…
In a widely anticipated move, the U.S. Federal Reserve opted to keep its benchmark fed funds rate range unchanged at 5.25% to 5.5% during the Federal Open Market Committee (FOMC) meeting on Wednesday. However, in a simultaneous adjustment, the central bank revised its rate outlook for the year-end of 2024, lowering it from 5.1% to…
Bitget, the world's leading cryptocurrency exchange and Web3 company, released its Monthly Report for November 2023 today. In a crypto landscape recovering from a year of turbulence and tightening regulations, Bitget showcased remarkable resilience and growth throughout November 2023. The November report marked the first anniversary of market challenges, yet both Bitcoin and altcoins experienced…
The long-awaited release of El Salvador’s Volcano Bond is finally set. It has received regulatory approval and will open for trading early next year. A December 11th statement from The National Bitcoin Office (ONBTC) of El Salvador says that the Volcano Bond was approved by the Digital Assets Commission (CNAD). ONBTC states they “anticipate the…
Yield refers to the earnings generated and realized on a security over a period of time. It is expressed as a percentage based on the invested amount and includes the interest earned or dividends received from holding a particular security. In the legacy financial world, yields are typically generated from stocks in the form of…