Crypto and Financial News – Analyst Note by Asifa Omar – September 23, 2024

As we enter the final months of 2024, the crypto and broader financial markets are beginning to exhibit signs of positive growth. In this daily segment of crypto and financial news, we shall cover actionable insights you can incorporate into your financial wellbeing strategy.

It’s worth noting that there are several key events remaining in 2024 like the US elections in November that could have a major impact on the future performance (or lack thereof) of Bitcoin (BTC), Ethereum (ETH), and other major digital currencies. US stocks and global equities markets may be considerably impacted by the upcoming US elections as well as sociopolitical developments including those in Ukraine and Israel / Palestine.

During this year, the crypto space in particular has seen the most growth at the fundamental level. For instance, it was only this year when we saw US regulators greenlight a number of spot Bitcoin ETF trading applications. In other notable crypto and financial news, Ethereum has also experienced tremendous momentum at the fundamental level while other major crypto networks such as Solana (SOL) and Cardano (ADA) have gained sizable market share.

Now on the traditional markets side, the world has seen incredible performance from Nvidia stocks. In addition to this, stock markets globally like the ones even in Pakistan have recorded all-time highs.

More recently, the US Federal Reserve slashed interest rates by 50 basis points. As most crypto and financial news followers would know, interest rates have really been higher for longer, particularly since the COVID outbreak of 2020.

According to some analysts, this could be a positive sign with inflation easing to a moderate extent. But consumer spending may not be at the levels it once was many years back because of the rising costs of goods and services globally. Meanwhile, the overall household income has not really increased substantially to cope with rising prices. To make things even worse, the real estate market and property prices are getting out of reach for most people.

So how can anyone cope with these challenges? As savvy crypto and financial news enthusiasts would know, one of the ways to cope is by diversifying one’s investment portfolio, spending less, saving more, and creating multiple streams of income including a significant source of passive income.

In order to begin this process, consider dollar-cost averaging when buying Bitcoin on a weekly (or regular) basis. You would also do well by opening up a Merill Lynch investment banking account to gain exposure to US stocks, mutual funds, and other financial investing instruments.

In addition to making sensible investments, you should never underestimate the importance of good financial education. Forget trying to sign up for free courses online because they are not really free. They demand considerable time and effort that could be spent elsewhere. For instance, subscribe to Coin Metrics reports on the crypto market.

You should also consider subscribing to the free version of Anthony Pompliano’s newsletter. He always has informative insights on Bitcoin and the broader financial markets. In addition to taking these proactive steps, make sure to review the best crypto and financial news sources like theblock.io, cryptobriefing.com, along with general news sites like CNN and BBC.

Arming yourself with valuable knowledge by reading the latest crypto and financial news is something that is recommended by Warren Buffett, who is arguably the best and most successful investor in human history.

In fact, Bill Gates reads constantly and the one of the wisest things you can do is connect with the right people. LinkedIn is one of the best places along with X (formerly Twitter) to find meaningful insights on all things Bitcoin, crypto, blockchain, stocks, investment opportunities, career development, and more.

As you prepare for 2025, make sure to develop the habit of checking the latest crypto and financial news by reading our newsletters and checking our official website on a daily basis.