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Blockchain Index - Bitcoin Update: 16th May 2023
Bitcoin increased by roughly 100% from its market low of 15,500 USD, reaching highs of almost 31,000 USD.
Blockchain Index is a passively managed Crypto Strategy investing in established blockchain-based projects with active beta components. The Crypto Strategy is market-cap weighted, with fix BTC and ETH weight. The focus of the investment selection is on nascent projects with potential strategic importance in the future distributed economy.
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Blockchain Index - Bitcoin Update: 16th May 2023
Bitcoin increased by roughly 100% from its market low of 15,500 USD, reaching highs of almost 31,000 USD.
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What we know so far:
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With Bitcoin leading the charge to the upside and tagging the first crucial resistance level, short-term profit taking, and leveraged short positions are most likely taking place. Pullbacks are expected and support can be found at 25,000 USD and 20,000 USD.
However, fundamentally, Bitcoin is showing good signs of a major change in trend after breaking out of the negative trend line resistance and tagging the lower channel structure, which is only positive for the rest of the crypto market.
Is there such a thing as the S&P 500 but for crypto? We are here to tell you that yes, yes, there is.
A crypto ETF (exchange-traded-funds) may be a great alternative to buying cryptocurrencies directly when you don’t want to manage your investments actively but still want to diversify your crypto portfolio. Watching over 500 different cryptocurrencies remains nothing short of a nightmare.
The next best thing to a blockchain ETF is the Blockchain Index Strategy on ICONOMI, one of the first crypto indexes. Blockchain Index is a Strategy that follows similar concepts to an ETF – it tries to mimic the market. It, therefore, includes an array of “best” cryptocurrencies, providing plenty of diversification in a single Strategy.
Only lose copy this haha
how much does the strategy cost
Copy this trade lose haha