The cryptocurrency market faces macroeconomic risks threatening a bearish trend on Bitcoin (BTC). Despite the impressive market performance fueled by spot Bitcoin and Ether ETFs news, economic uncertainty and rising interest rates are exerting immense pressure on Bitcoin (BTC). Ethereum (ETH) and Cardano (ADA).
However, the new project ETFSwap (ETFS) is recording massive growth on presale regardless of market sentiment. ETFSwap (ETFS) is poised as a futuristic platform for trading and has raised over $1 million on presale.
ETFSwap (ETFS) Stays Ahead of Market Risk from Bitcoin (BTC)
ETFSwap (ETFS) has received great attention amid its ongoing presale, and the reasons for this are not far-fetched. The new platform emerges as a revolutionizing platform that combines the best parts of centralized and decentralized markets by delivering the ETF market on-chain. ETFs are rapidly growing in the blockchain landscape, and ETFSwap (ETFS) offers a means to trade tokenized ETFs on the Ethereum blockchain.
Tokenized ETFs on the blockchain allow ease of access to the asset type, especially for native crypto investors. This new ETFSwap (ETFS) platform allows users to invest in ETF assets from a decentralized platform and eliminates the monopolistic control of centralized platforms over the market.
Sponsored
As a first-mover platform, ETFSwap (ETFS) is positioned as the go-to site for buying ETFs via the blockchain. The tokenized ETFs are backed by real securities purchased from traditional markets and can allow investors more freedom on the assets. In addition to staking and lending opportunities, leveraging the blockchain enables benefits such as quick settlements, easy connectivity to cryptocurrencies, low trading costs, and enhanced privacy on the decentralized platform.
ETFSwap (ETFS) is on pace to lead the market, and the presale price is considered undervalued.
Macroeconomic Factors Affecting Bitcoin (BTC) Price Action
Bitcoin (BTC) has seen positive price action over the past few weeks, with the cryptocurrency trading just below its all-time high. According to experts, Bitcoin (BTC) is exhibiting a typical pause, trading around $68,000, a consolidating phase for the crypto asset. However, the concern about Bitcoin (BTC) is growing amid threatening macroeconomic factors.
Crypto enthusiasts are worried about the risk that rising bond yields pose to Bitcoin. The demand for bonds is weak compared to US Treasuries issuance, resulting in unstable yields. And the yields are unstable.
Treasury yield volatility is a significant component, driven by concerns about US debt, increased bond supply, and a rise in Japanese government bond yields. The 10-year Treasury yield has risen 24 basis points in the last two weeks to 4.55%, according to TradingView data, and experts fear it can trigger stock market instability.
Ethereum (ETH) and Cardano (ADA) Investors Seek Alternatives
Ethereum (ETH) has benefitted from the recent positive market trend, especially with the spot Ethereum ETFs hitting the market soon. On the other hand, Cardano (ADA) has benefitted from the growing bullish sentiment in the market. However, investors in both Cardano (ADA) and Ethereum (ETH) wonder if they can keep up with the uncertainty surrounding macroeconomic factors at the moment. If the bearish sentiment prevails, then Cardano (ADA) and Ethereum could see their prices crash from here.
Moreover, Cardano (ADA) and Ethereum investors have shown interest in ETFSwap (ETFS).
Conclusion
ETFSwap (ETFS) presale remains promising in the face of market uncertainty and has restored Bitcoin (BTC), Cardano (ADA), and Ethereum (ETH) confidence regardless of market sentiment. The ongoing presale has raised over $1.1 million on Stage 1, while the token sells for $0.00854. The Stage 1 presale is coming to an end in a few days, and Stage 2 will start selling at $0.01831.
For more information about the ETFS Presale:
This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.
