The cryptocurrency market is volatile, influenced by external factors such as the U.S. presidential elections and expectations around the Federal Reserve's interest rate decision. Bitcoin dropped by 2.46%, trading below 70,000 USD, while Ethereum and other cryptos also saw slight declines. In Brazil, the Central Bank is considering applying IOF (financial transaction tax) to stablecoin transactions, which could impact the local market. Caution is advised, along with monitoring reliable platforms for detailed and up-to-date analysis.
Given the current volatility in the cryptocurrency market, influenced by external factors such as the U.S. presidential elections and Federal Reserve interest rate decisions, it’s advisable for investors to stay informed through reliable sources. Considering portfolio diversification and carefully assessing associated risks are crucial steps. Additionally, consulting qualified financial professionals can help in making safer decisions.
