Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.
Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?
So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.
You are correct that markets often react to announcements of economic events, in short co-relations exists between them, like the CPI data release causes major volatility in financial markets including cryptocurrencies.
Regarding earning passive income, I use Binance, Kycoin and Bybit to stake my digital assets and to quench my thirst of earning, I employ spot bot to avoid emotional trading, however in bot trading it is crucial to choose trading pairs that are trending or for safer option, stick to Bitcoin and Ethereum pairs.