Crypto Market Insight Nov 2022 | Ewpple

 

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Ewpple - Crypto Market Insight Nov 2022

Current Situation
The entire crypto market capitalization increased by 5% in a very active trading week. Rates were raised by 75 basis points by the Fed. The Fed will continue to do so with a smaller amount & hold rates thereafter until inflation subsides to below the Fed rate.

Economic Data
US Sep Inflation Rate 8.2% vs Fed target 2%.
US Oct Unemployment Rate 3.7%, up +0.2%.
Fed Funds Rate 4%, up +0.75%.

Investor Action
Despite the crypto market's current boom, we should be wary of persistently high inflation and a potential economic slowdown. They will stifle the market. Investors should not panic sell, however. To take advantage of the market's weaknesses, investors can use the Dollar Cost Averaging strategy to invest in an index fund such as the Ewpple DeFi Crypto Index Fund (EWD).

Ewpple DeFi Crypto Index Fund (EWD) lost -4%.
Benchmark index lost -17% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Crypto index funds can help you build wealth. If you would like more information, please feel free to contact me.

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