While September was a busy month for cryptocurrencies, we see that projects that have projects and that receive future investments come to the fore. In this month’s returns, in which DeFi and NFT projects come to the fore, 44 percent ALGO, 50 percent ATOM, 67 percent AVAX and 26 percent SOL come to the fore.
On the other hand, we see that these coins in Huobi are more advantageous than BTC parities. If Bitcoin enters a new attack towards the end of the year, coin investments to be made on the basis of BTC parity may give better results in return for a certain amount of risk.
The low $39,500 BTC saw in September came after China banned cryptocurrencies. Considering that BTC has bottomed out this month, or if the $ 38,000 band is considered as the stop loss level, investing these coins with a project on the basis of BTC parity instead of USDT may also mean buying BTC from the low levels of September.
There are some risks waiting for us in the new month. First of all, there are 19 Bitcoin ETFs waiting at the door of the SEC. The SEC’s rejection of these may be a contractionary development for the market. On the other hand, there is the risk of default in the debt ceiling crisis that may be experienced due to the uncertainty of the discourses on regulation and the political risks of the USA.
Most importantly, in addition to the tapering, which is expected to start in November, pricing may begin, where the Fed may raise interest rates before the forecasts. The European Central Bank (ECB) may also participate in the synchronous monetary policies of central banks, and accelerated economic activities and persistent inflation may result in an early interest rate hike by the ECB.
These expectations add +1 to the downside risks of cryptocurrencies, as interest rate hikes will suppress risky asset returns. Since all these will not leave us alone in October, a cut-off point must be found in Bitcoin, and calculated or uncalculated risks must be taken with a stop loss.There are some risks waiting for us in the new month.
First of all, there are 19 Bitcoin ETFs waiting at the door of the SEC. The SEC’s rejection of these may be a contractionary development for the market. On the other hand, there is the risk of default in the debt ceiling crisis that may be experienced due to the uncertainty of the discourses on regulation and the political risks of the USA. Most importantly, in addition to the tapering, which is expected to start in November, pricing may begin, where the Fed may raise interest rates before the forecasts.
The European Central Bank (ECB) may also participate in the synchronous monetary policies of central banks, and accelerated economic activities and persistent inflation may result in an early interest rate hike by the ECB. These expectations add +1 to the downside risks of cryptocurrencies, as interest rate hikes will suppress risky asset returns. Since all these will not leave us alone in October, a cut-off point must be found in Bitcoin, and calculated or uncalculated risks must be taken with a stop loss.
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