Disaster-Proof Your Portfolio gm Bankless Nation, It's been a brutal week for ETH holders. Today, we're looking at some strategies to avoid and embrace if you're worried about your crypto exposure. Today's Issue ⬇️ - ☀️ Need to Know: Solana's Milestone
SOL hits a new all-time high against ETH. - 🔒 Market Vibes: ETH Struggles
ETH sinks further / LINK rating. - 🤑 Investing: Disaster-Proof Yourself
Stay safe from a crypto apocalypse. - 📺 Latest Pod: Next for Markets?
Is it time to panic? - 🔒 Take Action: What We're Doing
Crypto market opps we're watching.
Sponsor: Kraken — Sign up for an account and see what crypto can be. . . . NEED TO KNOW SOL ATH Against ETH - 🆙 Solana Hits All-Time High Against ETH. Amid ETH's drawdown, SOL's ether-denominated market cap has reached new heights.
Read more on Bankless.com - 🇯🇵 Bank of Japan Backs Away from Future Rate Hikes. The BOJ seeks to rein in fears of major policy catalyst that triggered market panic.
Read more on Bankless.com - 🤖 Grayscale Launches SUI and TAO Trusts. Grayscale adds some of this cycle's buzziest new entrants to its list of trust offerings.
Read more on Bankless.com
. . . MARKET VIBES ETH Struggles 📸 Daily Market Snapshot: ETH's brutal week showed few signs of reversing course as the asset gave up yesterday's limited gains and sunk back toward $2,300. Meanwhile, SOL hit ether-denominated all-time highs despite an 18% week-over-week decline. Traders are preparing for a big day of market volatility tomorrow as new U.S. jobless claim numbers are dropping, which will offer traders a chance to repudiate or double down on fears of economic slowdown. Prices as of 4pm ET | 24hr | 7d | | Crypto $1.93T | ↘3.3% | ↘17.9% | | BTC $54,804 | ↘3.4% | ↘16.0% | | ETH $2,343 | ↘5.9% | ↘28.2% | | LINK $9.60 | ↘4.8% | ↘26.0% |
🔒 New Token Rating: Tokenization is widely recognized as the future of finance, and Chainlink aims to become an integral component of this next-gen system! Why is LINK price down 50% off its March highs? . . . INVESTING Disaster Proofing Your Crypto Portfolio Crypto is risky, and abrupt market downturns make this abundantly clear. Many tokens demonstrated this feature earlier this week when a host of assets found their valuations halved after a week’s worth of negative price action was compounded by a particularly brutal Sunday sell-off. Despite managing to pare back losses on Tuesday, practically every token remains substantially underwater compared to June highs. Assuming a bear market has truly kicked off, then, sure, the optimal day to de-risk your crypto exposure would have been last Monday, but it's not too late to take proactive measures to safeguard your portfolio against any perceived future harm. Today, we walk through steps to future-proof your portfolio against losses from a cataclysmic drawdown 👇 FRIEND & SPONSOR: KRAKEN Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be. . . . LATEST POD What's Next For Markets? In today’s episode, we tackle the big question: with the massive sell-off earlier this week, is the bull market over? Our guest, Tom Lee, doesn’t think so. In our conversation, we aim to answer several key questions: Why did markets take a hit on Monday? Is there more pain to come? Is the bull market truly over? What about the possibility of a recession? What are the arguments for both the bear and bull cases?
And finally, we get to Tom's price predictions. Hear all of the analysis! 👇 . . . TAKE ACTION What We're Doing Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇 . . . GO BANKLESS Don't Miss Another Airdrop! Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again? Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you. |
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