Crypto doesn’t sleep. Wall Street is open from 9:30 am to 4:00 pm ET, Monday through Friday, with limited after-hours trading. And don’t forget all the market holidays. In contrast, the crypto market operates on a 24/7/365 trading cycle.
With the constant ebbs and flows of the crypto market, how can a person keep up? Here are some tips and tactics to keep up with crypto:
Learn Crypto Vocabulary
Terms like “buy the dip” and “FOMO” have become part of the lexicon for stock trading. However, crypto has many unique terms that often make it difficult for newcomers to understand what is going on.
If you’re new to crypto, it’s a prerequisite to know basic crypto terminology. What are blockchain and Bitcoin? How are CeFi and DeFi different?
Abra’s Crypto Glossary provides a succinct breakdown of popular crypto terminology you may see or hear. After you understand the meaning of a few crypto terms, it becomes much easier to grasp the context of market news stories.
Read the Latest Market News
While crypto is often featured in mainstream news, there are several news publications that are dedicated to covering crypto’s 24/7 trading cycle. Some examples include Cointelegraph, CoinDesk, and CryptoSlate.
You can find top news stories from these websites related to crypto technology milestones, hacks, regulatory updates, price trends, and much more.
If you don’t have time to browse crypto news websites in search of news, top publications also regularly publish news via RSS feeds and social media accounts.
Check Price Movements
The price volatility of Bitcoin and popular altcoins can be extremely high, especially compared to traditional assets such as gold or blue chip stocks. Before purchasing crypto, it’s a good idea to understand historical market trends. For example, you might be interested to know the price of BTC five years ago vs. today.
You might also want to know about the price movement over the past 24 hours or even from the last minute. Sites like CoinMarketCap, CoinGecko, and Messari offer comprehensive data for crypto prices.
You can even check these sites to understand how various crypto exchanges vary in terms of real-time spot prices for various cryptocurrencies, set up tailored price alerts, or track your personal crypto portfolio.
Furthermore, if you are looking to do technical analysis, tools like TradingView provide detailed charts for tracking prices.
Watch Money Talks Each Week
Each Friday at 9 am PT/ 12 pm ET, Abra CEO and Founder, Bill Barhydt, hosts Money Talks — a popular market coverage live stream. Bill invites guests to talk about the state of the crypto market and various topics related to the crypto space. Past guests have included leaders of crypto projects, crypto wealth fund managers, and other experts.
Check out past Money Talks episodes and subscribe to Abra’s YouTube channel, so you don’t miss future episodes of the show.
Buy Crypto on Abra
To start building your crypto portfolio, download the Abra app. We support trading for approximately 75 cryptocurrencies and offer convenient on-ramp options for converting cash to crypto, including bank transfer, bank wire transfer, and Visa/Mastercard.Download Abra
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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