Crypto market drops after Crypto Summit
The crypto market experienced major fluctuations this week, influenced by geopolitical and policy developments. At the first White House Crypto Summit on March 7, policymakers and crypto leaders discussed a strategic Bitcoin reserve. They also discussed how the U.S. can create a more favorable regulatory environment for crypto. Initially, this highly anticipated meeting led to optimism in the market, supported in part by reports of the U.S. successfully brokering a proposed 30-day cease-fire between Ukraine and Russia. However, the crypto market declined following the broader financial markets on Friday and over the past week.
U.S. inflation weakens further
U.S. inflation fell more than expected, reaching 2.8% in February, lower than the expected 2.9%. This news was welcomed by the crypto market, as falling inflation increases the likelihood that the Federal Reserve will cut interest rates in the near future. In response, Bitcoin rose over 2% to $84,500, and other cryptocurrencies also recorded increases. Lower inflation means less pressure on the Federal Reserve to keep interest rates high, making risky assets like crypto more attractive to investors.
Poolder does not trade on the whim of the day but invests in strategic growth
At Poolder, we understand that the crypto market is sensitive to geopolitical and policy developments, which can lead to volatility. Our investment strategy therefore focuses on mitigating risk and pursuing strategic growth, taking into account market fluctuations.
Why choose Poolder?
- Stable growth: Our strategy is designed to generate consistent returns even in volatile market conditions.
- Risk management: Through diversification and the use of liquidity pools, we limit the impact of negative market developments.
- Long-term vision: We do not act on the whim of the day. We invest in stable growth.
