Crypto weekly wrap: Despite gains, experts want investors to wait and watch

Cypto investors saw a renewed interest in the crypto markets in the last seven days with ‘Merge’ approaching. The crypto market cap breached the $1 trillion mark after two weeks, Bitcoin rose 3 per cent and Ethereum rose over 6 per cent. However, experts believe that the investors must continue the wait-and-watch approach.

“It is advisable to have a long term approach on the crypto market with a buy on dips strategy in strong tokens only,” Dileep Seinberg, founder & CEO of bill payments and utility crypto platform, MuffinPay said, “There are rate hikes and liquidity is being pumped out of markets, which does not bode well for riskier assets.”