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From Struggle to Streamlined Success: BitFolio's Time-Saving Transformation For our Strategists, navigating the complex financial landscape was a time-consuming and challenging endeavour. The daunting task of manually rebalancing their investment portfolio was constantly consuming their time. However, everything changed with the discovery of ICONOMI, marking the genesis of the now-acclaimed BitFolio Crypto Strategy.

Want to invest in AI? Artificial Intelligence (AI) is rapidly expanding and revolutionising various industries, including the crypto market. Its ability to enhance user experience, improve scalability, and strengthen blockchain security has caught the attention of many crypto enthusiasts. The integration of AI and blockchain technologies is a key driving force behind the success of AI in the crypto market.

There have been several high-impact news stories impacting both the cryptocurrency market and equity market over the past couple of weeks. In this blog post, we will break down some of the key events: US Regulators At War With Crypto Just this week, the SEC made two announcements indicating legal action against both Coinbase and Binance.

Bitcoin Long-term View: Despite the negative market sentiment, the clamp down across the globe on the cryptocurrency industry, the ongoing banking crisis, the looming recession and surging interest rates, BTC is moving as expected. Bitcoin is still trading inside the rising channel formation/structure. After tagging the lower bound of the channel at roughly 15,500 USD in December 2022, BTC reached its first major milestone at 30,000 USD, up roughly 100%.

While volatile, cryptocurrency has the potential to generate immense returns. Investors who are willing to withstand short-term price swings could potentially benefit from substantial long-term gains. But crypto is not just a financial instrument - many cryptocurrency projects are based on innovative technologies. They might revolutionize various industries, from finance to supply chain management and beyond.

📈 XRP gains 8% due to CBDC play: XRP is one of the top-performing cryptocurrencies this week, gaining over 8% from Monday's open. Ripple is pushing further into the CBDC game, unveiling a new platform for creating blockchain-based digital currencies. In Hong Kong, Ripple Labs has introduced a new payment system for a central bank digital currency (CBDC).

📉 US Debt Ceiling Weighing On Risk Sentiment The US dollar has found support despite inflation hitting a 2-year low, the rise in the dollar has put downside pressure on all risk assets, including cryptocurrencies. Although this is a low-probability outcome, fears of the US defaulting on its debt obligations due to the debt ceiling have increased.

The ICONOMI April Crypto Wrap Key Points To Cover: Bitcoin Update: Bitcoin has stalled at the 30k USD resistance level after achieving a 100% return from the 15,500 lows back in November 2022. Bitcoin's dominance increased to 46% of the total cryptocurrency market share, up from roughly 40% at the start of the year.

The cost of living in the UK has been on the rise over the past few years, with soaring energy and fuel prices putting a strain on household budgets, creating a cost of living crisis. These increases are forcing families to re-evaluate their finances and make difficult choices to stay afloat.