Volatility Returns to Crypto: Should You Invest? | Vantage with Palki Sharma

Volatility Returns to Crypto: Should You Invest? | Vantage with Palki Sharma

Cryptocurrencies saw their first crash of 2024 yesterday. A New report said the US SEC may not approve Bitcoin Spot Exchange Traded Funds this Quarter. the report caused crypto values to plummet for a few hours. Volatility is back in the crypto market. Is India right in banning foreign crypto exchanges to protect investors from the volatility? Palki Sharma tells you.

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From geopolitical uncertainty let’s go to financial uncertainty let’s talk about cryptocurrencies their Valu tanked yesterday the first crypto crash of 2024 hundreds of millions of dollars in market value were wiped out in just a few hours before this most cryptocurrencies were on the rise most had made gains throughout 2023 that

Streak seems to have ended yesterday it looks like crypto volatility is back but what is causing it what does it mean for you and should you think about investing in crypto our next report has the answers there’s an old saying the greater the risk the greater the reward

These days nothing quite epitomizes this like crypto cryptocurrencies are the new casino games where people try and make their fortunes the oldest and arguably best known cryptocurrency is Bitcoin it was launched about 15 years ago but yesterday Bitcoin and all its younger clones reminded the world that they are still active and

Volatile we saw the first big crypto crash of the year on Wednesday and the year has barely begun crypto values across the board tanked about $600 million in crypto went up in smoke in just a few hours this was due to one report about Bitcoin spot exchange

Traded funds or ETFs it’s something like a Bitcoin mutual fund for months there were rumors that these would be made legal in the US the final decision is expected next week but yesterday a report said that these Bitcoin funds could get delayed by a few months and

That caused the market to crash this highlights the volatility of cryptocurrencies before this cryptocurrency values had been rising steadily on the 1st of January Bitcoin was at a 21mon peak its value had crossed $45,000 now it’s trading slightly lower but nowhere near its bottom value seen

In the last few months next week could see cryptocurrencies across the board rise again it depends on how the US chooses to deal with them so it raises the question should one invest in something as volatile as crypto that is of course best answered by a financial professional one who understands your

Individual situation because there’s no one siiz fits all answer crypto has made some people enormously wealthy but many have lost their life savings as well one thing for sure is that crypto is volatile investing in it is akin to gambling and you should never gamble with more than you’re willing to lose of

Course this is if you’re allowed to gamble at all some countries like India don’t officially allow crypto trading and that should have been that for Indian investors but it hasn’t worked out that way Indian investors have been trading on foreign exchanges away from the scrutiny of Indian Financial Market

Regulators and of course The Regulators aren’t happy so last week India began Banning what it calls illegal foreign exchanges some of the bigger ones like binance and Kraken are on the list their URLs will soon be unavailable and more exchanges will meet this fate until proper regulations are brought in

Cryptocurrencies are still a relatively new investment medium countries around the world have yet to figure out how to rain crypto in until they do the risks will always be high it’s up to you to decide if the potential reward is worth it