Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As major cryptos stabilize on Tuesday, following substantial market turmoil on Monday amid risk-off flows following Iran’s missile attack against Israel, investors are looking for the best crypto to buy now.
Bitcoin (BTC) was last nudging higher towards $62,000, having come close to testing $60,000 on Monday.
Uncertainty remains high regarding how soon and how Israel will respond and whether this will lead to further escalation of the conflict.
Israeli Prime Minister Benjamin Netanyahu says Iran "made a big mistake" and "will pay" for launching a missile attack on the country https://t.co/sYZ2IZ2NLu
Polymarket puts the chances of an Israeli response before the end of the year at 92%.
But if the situation cools off, the stage is set for a major rebound. After all, it is “uptober,” historically one of the best months of the year for Bitcoin (and the broader market).
If geopolitics don’t spoil the party, the positive macro backdrop of easing global monetary policy could propel the market.
And while most major cryptos remain substantially lower on the week, a few altcoins show bullish Momentum.
While Bitcoin could power towards $100,000 before the year’s end, a 60% rise from current levels, some higher beta altcoins could substantially perform this.
Here are some strong performers on Tuesday that might be the best crypto to buy now amid the market’s recent dip.
Cross-chain crypto asset bridging protocol Wormhole (W) was the best-performing major coin on Tuesday, pumping up 25% in the past 24 hours, according to CoinMarketCap.
The
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