Fidelity’s Massive Bitcoin (BTC) Sale Sparks Fear as Crypto Traders Rush to Hedge
The crypto market’s sentiment has turned bearish after Fidelity sold massive Bitcoin (BTC). This sale saw Bitcoin lead a marketwide rout that has turned most of the altcoin sector.
As a result, investors are shifting to RCO Finance (RCOF), an emerging Ethereum token, to hedge against losses.
Will Fidelity’s massive Bitcoin (BTC) sale trigger more losses, and what’s in store for RCO Finance (RCOF)? Read on to find out!
Fidelity Sells 2,812 Bitcoin Forcing BTC To Slump!
Fidelity, a U.S.-based financial services giant, caused a stir in the crypto market after dumping 2,812 Bitcoin on September 4. This sale marked the second-largest outflow in Bitcoin’s history. As a result, it sparked massive FUD in the crypto market, forcing Bitcoin and leading altcoins to tumble.
Specifically, Bitcoin (BTC) plunged as low as $55,676 on September 4 before stabilizing at around $56,567. This price denotes a 4% drop in 24 hours. Amazingly, the 24-hour Bitcoin trading volume is up 45%, showcasing increasing investor interest in BTC.
With Fidelity’s huge Bitcoin sale failing to push BTC below $55,000, analysts believe more investors will flock to the leading crypto in market capitalization, pushing its price higher.
RCO Finance Emerges As A Top-Tier Hedging Platform!
Investors have started searching for ways to hedge against further losses as the crypto market continues bleeding. This explains why RCO Finance, an emerging DeFi platform with crypto AI capabilities, is witnessing an influx of crypto traders. Traders are flocking to RCO Finance, particularly because of its futuristic robo advisor.
The RCO Finance robo advisor functions as a financial expert available 24/7. However, unlike traditional financial advisors, who rely on cognitive biases and emotions to offer investment recommendations, the robo advisor leverages advanced algorithms and machine learning to provide data-driven insights.
For instance, the robo advisor can track the 120,000+ crypto and TradFi assets RCO Finance supports and gather pertinent data.
The robo-advisor then matches this data with an investor’s financial goals and risk profile before suggesting whether to open, double down, or close positions on specific assets for top profitability.
Amazingly, investors can personalize their trade stations, enabling the robo advisor to execute trades on their behalf. In so doing, traders can sit back and await profits as the robo advisor will automatically snag suitable market opportunities while simultaneously dumping risky assets.
Apart from its robo advisor, RCO Finance is quickly making headway in the DeFi sector because it offers up to 1,000x leverage on select trades, providing traders with adequate capital to bet on high-potential opportunities.
RCOF Pre-Sale Promises Tenfold Returns!
Investors are also flocking to RCO Finance to purchase its native token, RCOF. RCOF is an Ethereum-based token with a limited supply of 800 million coins. Furthermore, RCOF features a deflationary mechanism, which burns tokens repurchased from the open market to curb inflation.
RCO Finance has also caught investors’ interest because it prioritizes safety. Notably, RCO Finance secured the audit services of SolidProof, a leading blockchain security firm.
By auditing RCOF’s smart contract, SolidProof verified that the token’s codebase was secure and up to industry standards.
By September 4, RCOF had initiated Stage 2 of its pre-sale, and each token was going for $0.0344. This price is set to jump to $0.0558 when RCOF enters Stage 3. By surging to $0.0558, RCOF will have generated a 62% ROI for Stage 2 investors.
Interestingly, this ROI is set to increase to 1,644% when RCOF climbs to its projected launch price of $0.4-$0.6. This ROI doubles Bitcoin’s historic 860% surge between April 2020 and April 2021.
Moreover, experts expect RCOF to rise parabolically after launching on top exchanges. This forecast makes the RCOF pre-sale a worthwhile investment option for investors looking to diversify their portfolios.
For more information about the RCO Finance Presale:
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
