Best Crypto to Buy Now September 26 – Shiba Inu, Dogs, Ethena
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...
Bitcoin (BTC) might be the best crypto to buy now. On Thursday, the price pushed back into the $65,000s, above its 200DMA and late August highs.
That could open the door to a swift return to resistance at $70,000, as bullish global central bank easing narrative drives renewed inflows into US spot Bitcoin ETFs.
Per data presented by Farside, Bitcoin ETFs clocked over $100 million of net inflows on Tuesday and Wednesday.
Following its 50bps rate cut last week, the first since 2020, the US Federal Reserve is expected to cut interest rates by a further 50bps in November.
Other central banks in major economies are also easing. China’s PBoC recently axed its reserve requirements and is mulling injecting another 1 trillion yen into financial markets.
Liquidity conditions across global financial markets are set to surge in the months ahead.
Bitcoin, which some investors view as a proxy for global liquidity conditions, is set to be one of the biggest beneficiaries.
For traditional investors looking to add upside potential to their portfolios, Bitcoin is certainly the best crypto to buy now.
October and, more broadly, Q4 are typically bullish seasons for Bitcoin.
The fundamentals align nicely with strong seasonality – central bank easing, the US election, and the delayed bullish impact of the BTC halving could all be major tailwinds in Q4.
Bitcoin could well hit $100,000 before the end of the year.
That said, some investors who already own a solid BTC bag might want to add even more upside exposure to their portfolios.
They will be
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