Best Crypto to Buy Today 19 December – FGHT, BNB, D2T, SHIB, TARO
Last week, the Federal Reserve made headlines when they announced a 50 basis point rate hike after four consecutive 75 bps hikes. This led the market to act like rate increases had reached their peak. But during the press conference that followed, Fed Chair Jerome Powell made it clear that rates would remain higher through 2023.
This news could have wide-reaching implications on markets, from stocks to Bitcoin (BTC), which has itself been on an erratic rollercoaster already this year. Notably, some expect BTC to bottom out sooner than stocks after the recent pivot due to historical precedence and the already hefty drop from its all time high.
Despite some early investor jitters over potential liquidity issues on the Binance exchange, support for a bullish run of Binance Coin (BNB) emerged on the weekend. On Saturday, the controversy surrounding the platform seemed to have been largely addressed, which calmed an increasingly restless crypto community. Bitcoin managed to avert slipping below the $16,000 level and remained contained within a tight range for the rest of the weekend.
Nevertheless, with an economic recession looming and further doubt sprouting regarding crypto regulatory matters after the FTX debacle, sentiment remains uncertain among investors. Consequently, calls for stricter crypto regulations, particularly on CEXes, are becoming more frequent as investors face growing wariness.
Although the future of Binance is murky and putting any of your money on the exchange might not be a great idea at the moment, that doesn't mean there aren't other options for smart crypto investments or that short term trades on BNB are a bad idea (given proper risk management). In fact, bear markets and FUD-driven downward market
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