CRYPTO 101

Crypto Rundown: From Dip to Rip: How New Data Confirms Uptrend

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Dec 11, 2024
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INSIGHT

Volatility Creates Buying Opportunity

  • Bitcoin broke over $100K and fell back to $90K, while altcoins experienced 20-30% drops.
  • Despite volatility, this presents a prime buying opportunity in the crypto market.
INSIGHT

Quantum Computing FUD

  • Google's quantum computer, Willow, sparked fear about crypto security.
  • This fear is overblown, as quantum computing poses a broader threat than just to crypto.
ADVICE

Market Reactions and Future Outlook

  • CPI data release positively impacted risk markets, including crypto.
  • Monitor upcoming PPI, Fed meeting, and inflation data for potential market reactions.
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