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Ewpple - Crypto Market Insights Dec 2022
Current Situation
As a result of the holiday season and low price volatility, the cryptocurrency market has experienced stagnation for the past 2 weeks. 2 or 3 tightening may be necessary before the Fed maintains the same interest rate. So long as GDP doesn't crash or unemployment doesn't spike.
Economic Data
US Nov Inflation Rate 7.1% vs Fed target 2%.
US Nov Unemployment Rate 3.7%.
Fed Funds Rate 4.5%.
Crypto News
Low stablecoin redemption values may indicate waning Bitcoin selling pressure. Stablecoin redemptions have usually been large during bear markets.
Investor Action
The market will slowly recover when the Fed stops raising rates. It is a good time to invest during this recovery. It makes sense to invest in index funds like EWD, Ewpple DeFi Crypto Index Fund. EWD should be purchased using dollar cost averaging.
Ewpple DeFi Crypto Index Fund (EWD) lost -33%.
Benchmark index lost -42% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)
You can build wealth with crypto index funds. Please contact me if you need more information.
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