How to Cope with the Crypto Market Situation Pending Bull Run

The crypto market has been experiencing a lot of volatility and uncertainty in the past few months. Many investors are wondering how to navigate the changing landscape and prepare for the next bull run. I will be exploring some of the latest crypto news and trends, & suggest some tips and strategies for coping with the market situations.

1. Crypto dot com, a leading platform for buying, selling, and earning cryptocurrencies, has launched its first-ever hackathon for the Asia-Pacific region. The event aims to foster innovation and collaboration among developers, entrepreneurs, and enthusiasts in the crypto space. The hackathon will run from September 20 to October 10, 2023, and will feature four challenges: DeFi, NFTs, Payments, and Social Impact. Participants can win up to $100,000 in prizes and mentorship from industry experts.

1. Ethereum, the second-largest cryptocurrency by market cap and the most popular platform for smart contracts and decentralized applications, has rolled out a new testnet called Holesky. The test net is part of the preparation for the upcoming Ethereum 2.0 upgrade, which will transition the network from a W consensus mechanism to a PoS one. The testnet will allow developers and validators to test the functionality and performance of the new PoS system before it goes live on the mainnet.

1. Franklin Templeton, a global investment firm with over $1.5 trillion in assets under management, has applied with the U.S. SEC to launch BTC-ETF. The proposed fund, called Franklin Templeton Bitcoin ETF Trust, will track the performance of Bitcoin using the Fidelity Bitcoin Index PR as its benchmark. The fund will also use Fidelity Digital Asset Services as its custodian. Franklin Templeton is one of the many firms that are vying for the approval of a Bitcoin ETF in the U.S., which is seen as a potential catalyst for more institutional adoption of crypto.

I could see that we could stay safe by observing the following tips and strategies;

First and foremost by staying informed & DYOR; The crypto market is constantly evolving and changing, so it is very important to keep yourself updated with the latest news and developments. However, you should also be careful not to fall for hype, rumours, or misinformation. Always verify the sources and credibility of the information you consume, and DYOR before making any investment decisions.

Secondly, by diversifying your portfolio & managing risk;
The crypto market is highly volatile and unpredictable, so it is wise to diversify your PF across different CEXs, like okx, bybit, binance & others. This way, you can reduce your exposure to any single asset or event that may cause a significant price movement. You should also manage your risk by setting realistic goals, using SL orders, and TP when appropriate, and

Most importantly by being patient and optimistic;
The crypto market is cyclical and follows patterns of boom and bust. While it may seem like the market is in a prolonged bearish phase right now, history shows that every downturn is followed by a recovery and a new ATH. Therefore, you should not lose hope or panic-sell your holdings when the market is down. Instead, you should be patient and optimistic about the long-term potential of crypto, and use any dips as opportunities to DCA at lower prices.

The crypto market is facing a lot of challenges and uncertainties right now, but it is also showing signs of innovation and growth. As an investor, you should be aware of the latest news and trends but also have your perspective and strategy. By staying informed, diversifying your portfolio, managing your risk, being patient, and being optimistic, you can cope with the market situation pending bull run.