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Blogs, news and announcements – page 10

Independent ReserveKnowledge base

How does Recurring Buy work?

About Recurring Buy Recurring Buy is a feature on Independent Reserve that allows you to create automated trading strategies to buy and sell crypto. How to use Recurring Buy Get started with Recurring Buy in three easy steps: Select a crypto to buy: for example, Bitcoin (BTC), and the amount you want to invest regularly […]

Exchange USDC to SGD

Brendon LimKnowledge base

How to exchange USDC to SGD in Singapore

Table of contentsStep-by-step guide: USDC to SGD on Independent ReserveCreate an Independent Reserve account; Deposit USDC into your Independent Reserve account; Convert your USDC to SGD; Withdraw SGD to your bank account; Frequently Asked Questions Independent Reserve is a MAS-licensed cryptocurrency exchange in Singapore. You can safely convert your USDC to SGD and withdraw directly […]

buy USD with SGD

Brendon LimKnowledge base

How to buy USDC with SGD on Independent Reserve

Table of contentsCreate an account; Deposit SGD with PayNow/Bank transfer Mobile app Desktop; Buy USDC on Independent Reserve Mobile app Desktop; Frequently asked questions Customers in Singapore can securely buy USDC by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]

Buy USDC with USD

Brendon LimKnowledge base

How to buy USDC with USD on Independent Reserve

Table of contentsCreate an account; Deposit USD with Telegraphic Transfer/SWIFT Mobile app Desktop; Buy USDC on Independent Reserve Mobile app Desktop; Frequently asked questions Customers in Singapore can securely buy USDC by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]

Exchange USDC to USD

Brendon LimKnowledge base

How to exchange USDC to USD in Singapore

Table of contentsStep-by-step guide: USDC to USD on Independent ReserveCreate an Independent Reserve account; Deposit USDC into your Independent Reserve account; Convert your USDC to USD; Withdraw USD to your bank account; Frequently Asked Questions Independent Reserve is a MAS-licensed cryptocurrency exchange in Singapore. You can safely convert your USDC to USD and withdraw directly […]

Andrew FentonMarket update

BTC US$88.1k. Extreme fear as BTC revisits March levels, supercycle in doubt

Bitcoin has fallen further and faster than most pundits were expecting and is now trading at levels last seen in March. CryptoQuant’s Bull Score Index has declined to extreme bearish levels of 20/100, and the price is so far below the 365-day moving average of A$158K/US$102K that it's slightly embarrassing. Part of the reason for this month’s price action now appears to be the possibility that digital asset treasuries like Strategy will be dropped from major indexes in January. On a macro level, there's fear over the "AI trade", despite NVIDIA's revenue exceeding expectations, and the uncertainty caused by the delay of October's US jobs data until next month isn’t helping. However, Bitcoin has trended upwards over the past two days, and prediction markets and pundits are growing increasingly confident of an early December US rate cut, which ARK Invest's Cathie Wood says would be the catalyst for Bitcoin’s recovery. The tech-heavy Nasdaq also jumped 2.6% today after President Donald Trump announced he's heading to China to meet with President Xi Jinping, suggesting the trade war may settle into a stalemate. After dipping below A$125K/US$81K, Bitcoin finishes the week down 3.9% to trade around A$136,427 (US$88,140) while Ethereum is down 2% to trade around A$4,556 (US$2,944). Solana gained 6.7% and Ripple gained 5.2% while Dogecoin was flat. The Crypto Fear and Greed Index dropped to a level of 9, the lowest it has been since the FTX crash. Glassnode reported this week that 35% of Bitcoin, 40% of ETH, and 75% of Solana were being held at a loss, which likely helps explain the sentiment. The index has now recovered to 19, although that’s still Extreme Fear.

trade USDC via OTC

Brendon LimKnowledge base

How to trade USDC Over-the-Counter (OTC) in Singapore

Table of ContentsWhat is OTC trading; Why use Independent Reserve’s OTC desk?; Who can use the OTC desk?; How to trade USDC via the OTC desk; Frequently asked questions Over-the-counter (OTC) trading at Independent Reserve offers a private and secure way to execute large cryptocurrency trades with minimal slippage. The OTC desk is ideal for […]

Buy USDT with SGD

Brendon LimKnowledge base

How to buy USDT with SGD on Independent Reserve

Table of contentsCreate an account; Deposit SGD with PayNow/Bank transfer Mobile app Desktop; Buy USDT on Independent Reserve Mobile app Desktop; Frequently asked questions Customers in Singapore can securely buy USDT by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]

Buy USDT with USD

Brendon LimKnowledge base

How to buy USDT with USD on Independent Reserve

Table of contentsCreate an account; Deposit USD with Telegraphic Transfer/SWIFT Mobile app Desktop; Buy USDT on Independent Reserve Mobile app Desktop; Frequently asked questions Customers in Singapore can securely buy USDT by making transfers to reputable exchanges such as Independent Reserve, one of Singapore’s longest-running and most trusted cryptocurrency exchanges. This guide walks you through […]

Andrew FentonMarket update

BTC US$91.7k. Supercycle or bear market? Analysts are divided on crash

The crypto supercycle appears to have developed a flat tyre, with markets losing $1.84 trillion (US$1.2T) in value in just 42 days. Bitcoin dropped 13.3% this week and is currently trading at A$141,442 (US$91,782), while Ethereum lost 15.2% to trade around A$4,636 (US$3,006). Both are now negative year-to-date and are well below the level of the October 10 flash crash. Everything else is performing poorly as well, with Ripple losing 15.1% despite gaining an ETF, Solana falling 21.6%, Dogecoin down 15.7%, and Cardano pulling back 21.4%. Analysts note that Bitcoin’s 31% pullback since the all-time high of A$194,344 (US$126,198) in early October is fairly normal historically. We've seen two such dips already in this cycle. Traditional markets and tech stocks are also gripped with fear, as confidence drains from the AI trade — Peter Thiel sold off half a million Nvidia shares. There’s also great uncertainty over the actual state of the US economy, with the end of the shutdown meaning September’s jobs data is only finally being released this week. US Fed officials have also cast doubt on a December rate cut. The Crypto Fear and Greed Index is at 14, indicating Extreme Fear, and the TradFi Fear and Greed Index is at the same level. Outside of market collapses, the extreme fear reading is historically the best time to buy. Santiment also reports that the 30-day MVRV ratio for a number of the top coins is in deep negative territory, which again, is historically the best time to buy.