March 28, 2024

US stimulus measures to boost cryptocurrency market growth

US stimulus measures to boost cryptocurrency market growth

According to the CEO of the eToro platform, Yonny Assia, the economic policy of the US authorities is pushingcryptocurrency market to new records.

In an interview with Cointelegraph, a businessmannoted that the rise in the value of bitcoin and other digital currencies has already resulted from the actions of the Americans and a number of other states to stimulate the economy.

Assiah said:

«We are seeing unprecedented fiscal policies from federal authorities around the world, leading to zero rates and in some countries even negative rates».

Incentive measures, including directfinancial assistance to the population and business, created conditions for the resumption of the growth of the stock market. People began to invest in risky assets again, which had a positive effect on the rate of digital currencies.

The CEO of eToro recalled that in March lastyear, at the very beginning of the pandemic, BTC fell below $4,000. Then the United States and other countries began massive aid to citizens and companies, which returned the markets to the green zone. Bitcoin began to rise in price, and already this year its price exceeded $60,000, and its capitalization turned out to be above $1 trillion.

Assia predicts further market growth in thatif states, and first of all, the United States, continue to pour money into the economy and stimulate the growth of all leading industries, including the blockchain industry.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

US stimulus measures to boost cryptocurrency market growth

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