Home Cryptocurrency Investors Lose Money in November

Investors Lose Money in November


The stock market tumbled in October. Many investment analysts believed the stock market drop was due to the upcoming elections in the United States. However, after the conclusion of the elections, the stock market is still falling.

Other assets are also dropping in value. At this time last year, the cryptocurrency craze was starting to heat up. Thousands of people invested money in various coins in the hopes of making money. Since the peak in December of 2017, the entire cryptocurrency market has fallen by massive amounts.

Switzerland ETF

The government of Switzerland recently announced that cryptocurrency funds would be legal to trade in the stock market. This is a huge win for anyone who is following the cryptocurrency industry.

Numerous investors want exposure to cryptocurrency without having to purchase various coins. The process to acquire a coin can be confusing for some people. With this new investment option, millions of people may start investing in this area.

Interest Rates

Another reason for the decline in the stock market is that interest rates are starting to rise. Higher rates are generally a sign that the economy is strong. President Trump has repeatedly talked about how the current economy is the best in the history of the United States.

However, millions of people are in debt. Few people are saving and investing for the future. Higher interest rates cause borrowing costs to rise. Higher rates will also put pressure on housing costs. It is already difficult for some young people to find affordable homes in many areas of the country.

Other Potential Changes

With the holiday season approaching, the retail sector is gearing up for a major opportunity to increase sales over last year. If the holiday season is strong, many economic analysts will feel better about the overall direction of the economy. If the holiday season is weak for retail companies, it could be one of the first signs of an impending recession.

Investors who want to diversify their assets are purchasing gold and cryptocurrency. It will be interesting to see what happens in the economy over the coming months.