How to Recover Money in a Rapid Downturn? If the market has crashed and you’ve been left with a loss, don’t worry! Here are some smart strategies to help you recover your capital without panicking: 1. Take advantage of the Rebound: After a sharp drop, most currencies tend to rebound slightly. This means that the price tends to rise slightly after the drop. If you sell at a low, you will make a loss. However, if you wait for the rebound, you can minimize your loss. 2. Buy More Low (DCA):
On Thursday (12), the spot dollar closed the day up 0.90%, quoted at R$ 6.01. The spot dollar advanced against the real this Friday (13), as investors awaited new news about the progress of the government's fiscal package in Congress and remained cautious in a session with a relatively empty agenda.
At 2:30 pm, the spot dollar rose 1.47%, to R$ 6.073 on sale. At the same time, the Ibovespa, the benchmark for the Brazilian stock market, fell 0.29%, to 125.6 thousand points. Last Thursday (12), the US currency closed the day up 0.90%, quoted at R$ 6.0128.
National Scenario
The market's concerns about the trajectory of the country's public accounts continue to be the main focus in the foreign exchange market and investors' attention should turn to Congress, awaiting progress on the spending containment measures proposed by the government.
“The market is in a relatively wait-and-see mode, keeping an eye on the government's political articulation for voting on the fiscal package before the recess,” said Fernando Bergallo, director of operations at FB Capital. “In short: wait-and-see mode and volatility,” he added.
On the data front, the Central Bank reported that its Economic Activity Index (IBC-Br), a signal of the Gross Domestic Product (GDP), registered a 0.1% increase in October compared to the previous month.
The expectation in a Reuters survey for the month's result was a 0.2% drop.
“The IBC-Br will not change investors' perceptions much, however, this idea that the economy and the labor market are more heated was one of the points that has been constantly cited by the Central Bank, which makes up a scenario of inflationary risks”, said Leonel Mattos, Market Intelligence analyst at StoneX.
Binance Removes Two More Spot Trading Pairs from Platform
Continuing its product and service review actions, Binance anunciou this Wednesday (4) the removal of two more cryptocurrency pairs. According to the Exchange's statement, the main reasons involve protecting users and maintaining the quality of trades. Find out more below. Binance cited a few more aspects that contributed to the decision. According to its statement, the decision is also anchored in the low liquidity and trading volume of both.
Central Bank may criminalize operations with establishment for P2P and DeFi
The Central Bank’s recent proposals to amend Resolution No. 277/2022 may bring further implications for the stablecoin market — cryptocurrencies pegged to the dollar, such as USDT and USDC — in Brazil. # Among the main impacts is the possibility of criminalizing operations carried out in decentralized environments, such as DeFi protocols (decentralized finance), OTC (over-the-counter) markets and P2P (peer-to-peer) transactions. In Brazil, through the amendment of Resolution No. 277, the Central Bank of Brazil intends to consider operations with stablecoins as exchange transactions, which means, as a rule, criminalizing decentralized operations involving stablecoins, contradicting one of the fundamental principles of operation of the cryptoasset market.
Ethereum, the second-largest cryptocurrency, is a dull supporting player in the 2024 rally
Despite the slow pace, the currency should maintain its position as second-place leader in the sector during this upward cycle, according to experts from Estadão Conteúdo The second digital currency in market value, Ethereum, is not among the protagonists of the crypto world despite a 55% increase in the year. Bitcoin, the first and largest crypto asset, is expected to soar by around 127% in 2024. Solana, which has technological applications similar to the Ethereum blockchain, has jumped by more than 130%. But despite the relatively muted behavior, the currency should maintain its position as vice-leader in the sector during this bullish cycle, experts point out.
Bitcoin: Why has it fluctuated so much, will the price rise or fall, is it worth investing now?
The largest cryptocurrency on the market has fallen 9% since flirting with the $100,000 mark,
#Bitcoin (BTC) flirted with the US$ 100,000 level at the end of last week, driven by optimism with the victory of <t-32/>#DonaldTrump , which this year demonstrated strong support for the crypto industry. Since then, however, the largest cryptocurrency on the market fell 9%, to the US$90,000 range, and then rose again to US$95,000, showing that volatility is still part of the market.
Data from The Volatility Laboratory (V-Lab), at New York University (NYU), show that the degree of variation in the price of the digital asset in the last year was almost 60%, compared to 19% in the CBOE Volatility Index, which measures the expected volatility of stocks based on S&P 500 options. In other words, three times greater.
How to Earn $5 Daily on Binance Without Investment
Making money on Binance without initial investment is possible with the right strategies and consistency. Here are four effective methods to earn $5 or more daily by taking advantage of Binance’s features and opportunities.
1. Take advantage of the Binance Referral Program
How it works:
Share your unique referral link with friends or your network.
Earn a percentage of their trading fees on every trade they make.