Crypto Market Insight Oct 2022 | Ewpple

 

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Ewpple - Crypto Market Insight Oct 2022

Current Situation
Inflation remains stubbornly high at 8.2%. Unemployment has fallen back to 3.5%. This provides the Fed with reasons & conditions to stay aggressive. Rates may be raised by 75 basis points next time. Economic recessions are likely to occur.

Economic Data
US Sep Inflation Rate 8.2% vs Fed long-term average target 2%.
US Sep Unemployment Rate 3.5%.
Fed Funds Rate 3.25%.

Investor Action
A sell-off will occur with every unfavorable economic data and rate increase. No need to panic and sell now that the market is at its bottom. Eventually, the Fed will have to raise interest rates higher than inflation, so the market may remain at its bottom for some time. Build up your crypto position during market weakness. Use the Dollar Cost Averaging strategy to invest in an index fund like Ewpple DeFi Crypto Index Fund (EWD).

Crypto News
According to Mairead McGuinness, commissioner for financial services at the European Commission, regulating crypto would require a global effort. With a comprehensive set of regulations in place, the EU monitors everything from the environmental impact of the crypto industry to algorithmic stablecoins.

Ewpple DeFi Crypto Index Fund (EWD) lost -13%.
Benchmark index lost -27% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

A crypto index fund can help you build wealth. For more information, please do not hesitate to contact me.

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