Bitcoin (BTC) and Ethereum (ETH) prices have increased slightly over the week, thanks to speculations of the Federal Reserve cutting interest rates. Meanwhile, ETFSwap (ETFS) allows institutional investors to branch into crypto-related assets easily.
Bitcoin (BTC) And Ethereum (ETH) See Slight Price Increase Amid Speculations Of The Fed Cutting Interest rates
Bitcoin (BTC) and Ethereum (ETH) had slight price increases this week amid speculations that the Federal Reserve would reduce interest rates as updated jobs data from the Labour Department revealed that the US labor force grew 33% less than previously believed.
Specifically, 818,000 fewer jobs were created between March 2023 and March 2024. The underwhelming figures reveal that the US labor force may not be as strong as previously believed and investors believe this may prompt the Federal Reserve to cut interest rates.
Consequently, Bitcoin (BTC) has risen by 6.71% in the last seven days and is trading at $61,347.82, while Ethereum (ETH) rose 4.54% to $2,732. Historically, when interest rates are lower, investors seek out riskier assets such as Bitcoin (BTC) and Ethereum (ETH) to earn higher returns. The increased demand, in turn, drives up the cryptocurrency prices. Thus, the cryptocurrency industry will improve significantly if the expected interest rates cut is effected.
Furthermore, the reduced interest rates offer investors an easier way to switch in and out of equities such as ETFs. ETFSwap (ETFS), a new ETF tokenization and trading platform, has diluted the process to a few easy steps with its revolutionary ETF trading platform.
ETFSwap (ETFS) Simplifies ETF Trading Experience On Its Revolutionary Platform
ETFSwap (ETFS) built a marketplace for investors and traders to access and trade tokenized representations of real-world assets including stocks, equity, exchange-traded funds (ETFs) such as spot Bitcoin (BTC) and Ethereum (ETH) ETFs, etc. The revolutionary platform merges institutional assets with blockchain technology, producing a 100% transparent, robustly secure platform that is always available to traders and investors.
ETFSwap’s (ETFS) decentralized infrastructure allows its users to enjoy borderless and permissionless ETF trading, eliminating the need for intermediaries and centralized financial authorities and exchanges. Rather, users can trade ETFs and manage their portfolios from anywhere and at any time.
ETFSwap’s integration of blockchain technology enables users to swap their cryptocurrencies for ETFs, and vice versa. Additionally, they can stake their preferred ETFs, adding volume to that ETF’s liquidity pool. As the ETF’s trading volume grows, stakers earn passively in proportion to their staked volume.
ETFSwap (ETFS) also eliminates the technical hurdles associated with owning crypto-related assets so institutional investors can more easily diversify their portfolios with crypto ETFs. They do not need to open or manage Bitcoin (BTC) or Ethereum (ETH) wallets, learn the extensive dictionary of DeFi lingo, or deal with public and private keys. All they need to sign up on and use the ETFSwap (ETFS) platform is their email addresses.
ETFSwap (ETFS) also offers several trading tools and platform features to help users get the best trading experience possible. The platform’s advanced market-making algorithm, attractive leverage options (10x for all trades and 50x for futures and options trading), and its incentivized trade-to-earn native token which offers users an opportunity to earn passive income with an 87% APR potential helps users stay profitable.
ETFSwap (ETFS) Presale Soon To Take Off To The Moon
ETFSwap’s (ETFS) native token is currently on presale and has raised $3.31 million in just a few weeks. Top analysts and experts in the crypto community have pegged the token for a 40,000% rally in another few weeks.
Consequently, smart investors are using the 50% bonus promo to maximize their earnings when they buy the token at its discounted price of $0.01831.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/09/bitcoin-btc-and-ethereum-eth-see-subtle-price-jumps-amid-speculations-of-interest-rate-cuts-by-the-us-federal-reserve