#CryptoMarketDip #newbieTrader #DYOR :Trivia
Dip is when a cryptocurrency experiences a decline in price. Dips are visually identified as a “valley” on a price chart.
From January 7, 2025, primarily driven by stronger-than-anticipated economic indicators that could delay anticipated Federal Reserve rate cuts. Bitcoin dropped to $96,909, marking an over 5% decline in the past 24 hours.
This performance highlights the impact of interest rate cuts on the valuation of the largest companies listed on stock exchanges.
Like the traditional market there's always a risk. assets like growth stocks. In this case, when interest rates rise, growth stocks fall and crypto moves down along with them. Be cautious do your research find more informative about what's happening be updated.
If you can handle some potential short-term downside? If the thought of Bitcoin falling further to $85,000 or lower is too unnerving for you, the answer is simple: No, you shouldn't buy this dip. Bitcoin's notorious volatility is not for the faint of heart, and this market isn't short on sharp corrections. don't invest more than 10% of your portfolio in risky assets like Bitcoin it's highest Risk and Volatile and the 45% percent try to allocate in Gold holding bitcoin through an SEC-regulated ETF is by far the safest option you should do That's What I did.
In short-term decline in the price of a stock, marked by a temporary interruption in its overall upward trajectory.
best investments right now. For A newbie in crypto trade is Invest right now, generally ordered from lowest risk to highest. ...High-yield savings accounts. Hold your Assets Yes, the Federal Reserve has been cutting interest rates.
Until Next Time. Be safe God Bless