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Ewpple - Crypto Index Fund Insight Feb 2023
Current Situation
The Ewpple DeFi Crypto Index Fund (EWD) has continued to rise by 4% this month after surging by 36% in January. However, the market is currently consolidating before the uptrend will resume. The US Federal Reserve has not finished increasing the Fed funds rate yet, with a couple more increases to come as the rate of US inflation decrease has slowed down.
Economic Data
US Jan Inflation Rate 6.4% vs Fed target 2%.
US Jan Unemployment Rate 3.4%.
US Fed Funds Rate 4.75%.
Crypto News
US Federal Reserve warns banks about liquidity risk of cryptocurrencies and their potential impact on financial stability due to high volatility and regulatory challenges.
Charles Edwards, the founder of Capriole Investments, predicts a new bull market for Bitcoin based on factors such as its emergence from a deep-value phase, confirmed technical price movements, and the timing of the halving cycle.
Investor Action
To benefit from the ongoing crypto boom, investors should consider buying index funds like the Ewpple DeFi Crypto Index Fund (EWD) and use a dollar cost averaging strategy by regularly investing a fixed amount until they reach their desired investment level.
Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -17% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)
If you want to know more about creating wealth with crypto index funds, please contact us.
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