Overcoming Fluctuations in the US Crypto Market: Tips for Investors
At the beginning of March 2024, the US cryptocurrency market was storming. As Lekker Capital’s CEO Quinn Thompson stated, it was just the beginning of a great failure, which can be roughly compared to 2022’s market correction.
What’s the deal? By the 7th of March 2024, BTC rates dropped 6% because of controversial and disappointing executive orders issued by US President Donald Trump. At that moment, the price of the notorious Bitcoin decreased from a stable mark of $90,400 per coin to $85,000. The results of such a market decline can be catastrophic for BTC holders, especially those who hold all their funds in one cryptocurrency. The future also seems not too bright, as according to Thompson, the rates of Bitcoin can continue falling with an overwhelming result of pricing $50,000-$60,000 by the end of 2025.
What can a crypto holder do with this mess? Let’s consider the most effective strategies to avoid losses in the stormy ecosystem.
- Do not act spontaneously. This rule always works great when it comes to crypto operations. Although you have all your investments in BTC, it doesn’t mean you should exchange it rapidly for any other coin. At last, BTC is a symbol of stability and other coins and tokens often depend on it.
- Expand your markets. The US crypto market is not one-and-only to work with. For example, you can try your hand at Asian markets to play on cryptocurrency rates’ differences. If there is still no idea how to enter it, just explore the opportunities of transnational crypto exchanges like Imperiumsphere-ltd. This one we mentioned operates in 53 countries and its headquarters is located in Hong Kong, the Southern Asian center of the crypto business.
- Always remember the core rule: diversification of your investments is key to success. While BTC is unstable today, let it be your savings funds for future growth, while you decide on other cryptocurrencies. Moreover, today it is profitable to invest in other Web 3.0 projects like crypto games, unique tokens, etc. Probably, while Bitcoin is not at its prime, you succeed with it.
As for further forecasts, Lekker Capital’s insider claims that the turbulence in the world’s crypto market will continue until the end of 2025 or even further. The key game changer, according to his words, is the peak of dissatisfaction of the US voters. If their frustration with Trump’s politics comes to the boiling point, the situation will change for the better as the US government and the president will have to change their course. Yet, until this moment comes, crypto investors and holders whose funds are predominantly BTC may experience truly hard times, and the #1 task for them is to overcome this situation and at least surpass it without dramatic losses.
So, the situation in the US BTC market is threatening but still, when you have alternatives, you can stay afloat. That’s why entering other markets and thoughtful choices of a reliable crypto exchange platform to invest in alternative currencies today is a zero-loss strategy which in the best-case scenario can even be winning. Just keep a finger on the pulse and keep calm, as spontaneous decisions and panic lead to no good.