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Ewpple - Crypto Market Insights Jan 2023
Current Situation
The crypto market has finally emerged from a prolonged period of downturn, with BTC and ETH leading the way in the rally. However, the Federal Reserve may still raise the Fed funds rate a few more times before holding steady for an extended period.
Economic Data
US Dec Inflation Rate 6.5% vs Fed target 2%.
US Dec Unemployment Rate 3.5%.
US Fed Funds Rate 4.5%.
Crypto News
Bitcoin's value increased by 40% in January, likely due to a reversal of short selling positions and growing investor confidence and institutional interest.
However, macroeconomic challenges, such as high inflation and a potential recession, as well as the possibility of regulatory action, remain obstacles to the market.
Investor Action
Investors are advised to consider using index funds, such as the Ewpple DeFi Crypto Index Fund (EWD), and employ a dollar cost averaging strategy by regularly investing a set amount until it grow to their desired investment amount.
Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -19% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)
Please reach out if you are interested in learning more about building wealth through crypto index funds.
Click here to view the disclaimer.
US Fed Funds Rate 4.5%.
Crypto News
Bitcoin's value increased by 40% in January, likely due to a reversal of short selling positions and growing investor confidence and institutional interest.
However, macroeconomic challenges, such as high inflation and a potential recession, as well as the possibility of regulatory action, remain obstacles to the market.
Investor Action
Investors are advised to consider using index funds, such as the Ewpple DeFi Crypto Index Fund (EWD), and employ a dollar cost averaging strategy by regularly investing a set amount until it grow to their desired investment amount.
Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -19% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)
Please reach out if you are interested in learning more about building wealth through crypto index funds.
Click here to view the disclaimer.
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