A few years ago I wrote a story about how to make $100 a day trading crypto that was very well received garnering ten of thousands of views and reads with many readers contacting me to learn more.
Crypto markets have been down the past few years since after publishing that story. But currently…
You can make $100 a day trading crypto by trading —
Each of these has its own advantages and disadvantages. Spot markets offer the least amount of risk as you only stand to lose the percentage the market moves at.
As of Apr 30, 2024, the average annual pay for a Cryptocurrency Trader in the United States is $96,774 a year. Just in case you need a simple salary calculator, that works out to be approximately $46.53 an hour.
How to select crypto for day trading? ›| Coin | Market Capitalization | Current Price |
|---|---|---|
| Bitcoin (BTC) | $1.2 trillion | $62,245 |
| Ethereum (ETH) | $360 billion | $3000 |
| Binance Coin (BNB) | $85 billion | $581 |
| Solana (SOL) | $65 billion | $146 |
Top 7 Cryptos to Explode in 2024: BlockDAG, Bitcoin, ADA, XRP, AVAX, MATIC and TRX. The crypto market is set for a transformative phase, with BlockDAG at the forefront, having raised a significant $23.4 million in its latest presale.
Which crypto will grow in 2024? ›The five most common cryptocurrency trading strategies are arbitrage, buy and hold, swing trading, day trading, and scalping.
Will market bounce back in 2024? ›Heading into 2024, investors are optimistic the same macroeconomic tailwinds that fueled the stock market's 2023 rally will propel the S&P 500 to new all-time highs in 2024.
Will market improve in 2024? ›While there could be a growth slowdown in the first half of 2024, experts believe growth should resume in the second half of the year. Americans faced many financial challenges this year, from persistent inflation to increasingly expensive debt.
Will the market rebound in 2024? ›Earnings Rebound
Analysts are projecting S&P 500 earnings growth will accelerate to 9.7% in the second quarter and S&P 500 companies will report an impressive 10.8% earnings growth for the full calendar year in 2024.
Crypto offers good volatility and provides traders with a great opportunity to attain considerable returns quickly. ETH witnessed a drastic change in the year 2022, it shifted from a Proof-of-Work to a Proof-of-Stake consensus mechanism. It is always on the list of top crypto day traders.
Do you need 25k to day trade crypto? ›Why Do You Need 25k To Day Trade? The $25k requirement for day trading is a rule set by FINRA. It's designed to protect investors from the risks of day trading. By requiring a minimum equity of $25k, FINRA ensures that investors have enough capital to absorb potential losses.
Is crypto worth day trading? ›Day trading in the cryptocurrency market offers the potential for quick profits but comes with high levels of risk and stress. It's a strategy suited for experienced traders who are comfortable with rapid decision-making and intraday trading.
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