Crypto Market Overview
Markets are leaving many investors confused, we have record high institutional interest and ETFs being launched all over the world but prices continue to fall….?
One of the possible answers for this is the proportionately low volume that the majors are experiencing. Trading volume last week was down over 30%. Fear and Greed has dropped back to a neutral level and even Trump’s $MAGA coin is down bad.
Never fret though, drawdowns like this are common place in crypto - last bull run had over 13 drawdowns of more than 10% on the way up.
A little bit of advice - when you see everything moving down together it is generally due to a macro factor like geopolitical tensions, inflation figures, pandemics or Elon’s latest tweet. Corrections like this can present buying opportunities and tools like Glassnode can help you see that there are 1000s of buyers lined up around the US$62500 mark meaning the pain could be over soon.
Tap into DeFi and Earn with Aave and Compound
Stablecoins have quietly become a major force in the crypto economy, now representing 55% of all blockchain activity and handling over $3 trillion in monthly volume, surpassing Visa's $1.2 trillion.
As an investor, you might wonder how to capitalize on this trend. While stablecoins are designed to maintain a US$1 peg, their growing use in DeFi (decentralised finance) protocols and cross-border transactions offers opportunities for attractive yields and efficient financial operations. If you’ve ever wanted to send money overseas, buying Stablecoins through a broker like us is more often than not the fastest and cheapest way!
Access DeFi with Block Earner. Buy & Sell assets deposited into Aave & Compound that earn interest.
How it works:
- Deposit AUD to your Block Earner account
- Buy some USDC via DeFi Access
- Watch your yield compounding daily!
DISCLAIMER: The information on this blog post is for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal or financial product. Block Earner does not recommend or endorse any particular token.
