Best Crypto to Buy Now After Galaxy’s $9B Bitcoin Dump? Insider Insights

Introduction
Galaxy Digital Inc., a leader in digital assets and blockchain finance, recently executed one of the largest Bitcoin transactions in history by selling over 80,000 BTC valued at more than $9 billion. This seismic move has not only influenced global crypto markets but has also raised questions about what the best crypto to buy now might be.

Institutional Power and the Market Impact
Institutional investors are increasingly shaping the crypto landscape. Galaxy’s massive Bitcoin sale highlights:

• The viability of Bitcoin as a reserve asset amidst volatility.
• The substantial impact of large-scale transactions on global crypto news.
• Opportunities arising from market corrections for long-term investors.

Best Crypto to Buy Now
Considering the current market dynamics post-dump, here are a few strategic picks:

• Bitcoin (BTC): Despite the recent sell-off, Bitcoin’s long-standing dominance, coupled with robust institutional support, makes it a core holding.
• Ethereum (ETH): With ongoing upgrades and its pivotal role in DeFi and smart contracts, Ethereum stands out as a prime option for aggressive growth investors.
• Emerging Altcoins: Coins focusing on innovative use cases like decentralized finance, blockchain interoperability, and metaverse infrastructures can offer significant upside potential.

Guidance on Building a Crypto Portfolio & Crypto Tax Tips
Investing wisely in the wake of large-scale market moves involves:

• Diversification: Including a mix of stable assets and high-growth potentials to balance risk.
• Crypto Tax Strategies: Staying updated with crypto tax tips can minimize liabilities, especially during volatile market cycles.
• Regular Market Analysis: Following global crypto news ensures you remain informed about institutional trends and regulatory shifts.

Clear Takeaways

• Institutional moves, such as Galaxy’s Bitcoin dump, create transient volatility but pave the way for long-term opportunities.
• Bitcoin and Ethereum continue to be foundational holdings for any diversified crypto portfolio.
• Leveraging crypto tax tips and diversification strategies is key to navigating the evolving digital asset space.