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Tuesday, December 13, 2022
Nobody saw something like this happening this year, seems amazing.
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Is Crypto Volatility Approaching? Two things to watch this week.
The bear market was relentless. The slight upward momentum accumulated last week has stopped. For the most part, price action depended on good and bad news. But experts are eagerly preparing for some movement that will change the current market dynamics. And volatility may not go far. In fact, it is she who can put more pressure on the crypto market. With an unreliable price of $17,000, Bitcoin is at risk of losing more advantage as the space continues to fluctuate in the "fear" zone. Despite the lack of momentum, there is hardly any boring side to crypto. But the coming volatility should beware.
CPI and FOMC to end the year? The US consumer price index (CPI) is another important event for which market participants are preparing. The report, scheduled to be released on December 13, has historically caused large swings in the price of the world's largest crypto asset. Consequently, Bitcoin may finally break away from its sideways price action, despite having traded rather calmly before. In addition, the meeting of the Federal Open Market Committee (FOMC) will end the next day. During the latter, the institution will discuss a possible increase in the interest rate. A higher-than-expected CPI and tighter Fed policy could stymie an upward rally similar to the April and August reversals. On the contrary, another disinflationary report may show that "many are looking for a continuation of the rally until the end of the year."
Possible SBF hearing and further adventures. The nuanced drama of FTX is unlikely to end anytime soon. More sensations will be revealed, and with them more companies. The disgraced head of the bankrupt crypto exchange, Sam Bankman-Fried, is expected to appear before a Congressional committee tomorrow, December 13. It is important to note that, despite all the allegations of deliberate fraud and the growing number of people pushing for a more grueling investigation, Bankman-Fried was "invited" and not subpoenaed. After initial reluctance, the SBF agreed to provide an "explanation" for what went wrong. Caroline Ellison, former CEO of Alameda Research, has hired former US Securities and Exchange Commission (SEC) director of enforcement Stephanie Avakian and law firm WilmerHale to represent her in the federal investigation into the FTX collapse. She made this decision after accusations against her by the SBF (it seems to be quite reasonable) in various interviews in recent weeks. The news of Avakyan and other WilmerHale lawyers representing Allison was confirmed by Bloomberg on Sunday, citing people familiar with the matter.
Now, more than ever, investors need to be able to directly invest fiat and cryptocurrency assets in projects that provide a stable income that obviously exceeds inflationary expectations and is not subject to any sanctions, blocking and confiscation. And they do not give any failures in obtaining real passive income on deposits. The ASTL project is a simple solution for investors to invest in the development of a diversified portfolio of cryptocurrencies, with a fairly high ROI (up to 12% annually) and payouts in stablecoin (USDT).
The ASTL investment project demonstrates great prospects. Already, the creators have managed to attract more than $ 5 million into it, and the pace of investment continues to grow rapidly. If we analyze other similar projects in the cryptocurrency market, we can conclude that the price of ASTL tokens may increase several times when listings on exchanges start.
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