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| By Beth Canova |
We see the same thing every crypto cycle.
Talking heads and pessimists take the first notable correction of the bull cycle as a sign the sky is falling on the crypto markets.
But before you listen to them and go full Chicken Little, our Weiss Ratings crypto experts have market facts on hand to help you fight the FUD — that’s fear, uncertainty and doubt in crypto speak.
Bitcoin Fights Its Pre-Halving Correction
The first fact comes courtesy of Marija Matić, who gives context to this correction. Historically, Bitcoin (BTC, “A-”) usually corrects between 20% to 40% in the weeks leading up to its halving event.
That can feel overwhelming to new crypto investors. But with big upside swings come big pullbacks. That’s the nature of the market.
And that means, with the next halving scheduled for late April, BTC’s latest pullback off its new all-time high is right in that range.
This Could Cap Crypto’s Correction
Juan Villaverde hits us with our next crypto fact: The Federal Reserve Chair Jerome Powell announced that the Fed will ease its qualitative tightening policy. In English, that means more liquidity will enter the market … adding on to an already abundant amount globally.
The fact that Bitcoin bounced after the Fed’s meeting minutes were released on Wednesday confirms what Juan has been anticipating since late 2023: Monetary hedges like Bitcoin are bound to go higher.
Altseason Ain’t Out of the Game Just Yet
Similarly, altcoin season — when Bitcoin takes a backseat and lets other cryptos lead the market — may be delayed, but it certainly isn’t off the table, according to Dr. Bruce Ng.
In fact, he’s using one altseason indicator that reveals fact No. 3: This may be the best time to load up on your favorite non-Bitcoin cryptos!
This New Crypto Standard Is Taking Center Stage for NFTs
Fourth is the fact that crypto developers haven’t gotten the memo that the crypto sky is falling. Jurica Dujmovic reveals many have been hard at work improving various platforms and blockchains.
One group in particular, CARV, has released a new standard — a series of rules for a blockchain. And according to Jurica, it has the potential to revolutionize NFTs and how we understand digital identity and ownership.
Minimize Your Risk Exposure with 1 Crypto Wallet Health Habit
Finally, our fifth and most important fact is that crypto gives you complete control of your financial well-being. But while this freedom can be heady, it does come with additional responsibilities.
Fortunately, I walk you through one easy healthy wallet habit that can instantly reduce your risk exposure and keep you — and your crypto — safe from bad actors.
That’s all for this week! Check your inbox tomorrow for even more ways to fight the FUD.
Best,
Beth Canova
