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Buying "blue chips" can help you avoid being hit by scams and wild speculation.

The crypto industry will be listening closely when Paul Atkins, President Donald Trump’s pick to run the SEC, testifies before a Senate committee Thursday during his nomination hearing.

With the stock market off its record high, it looks like investors have adopted a more cautious approach toward cryptocurrencies as well. After the market cap of the digital asset industry peaked at about $3.7 trillion in December, it has fallen 22% (as of March 24). The asset class is once again showing investors how cyclical it can be.

There's a long-standing rivalry between the king of cryptocurrencies, Bitcoin (CRYPTO: BTC), and the coin that many have considered to be the heir to the throne, Ethereum (CRYPTO: ETH). Bitcoin is both a store of value and to a lesser extent a medium of exchange, fulfilling two of the canonical properties of money. Its value is created by demand from investors who recognize its "scarcity".

President Donald Trump has threatened to impose larger tariffs on the European Union and Canada if they attempt to harm the U.S. economy, potentially causing instability in the crypto market.

Fidelity Investments is in the final stages of testing its own U.S. dollar-pegged stablecoin as part of its growing interest in blockchain-based financial products.

In the opening 90 minutes of the evening session, U.S. stock futures are up marginally – S&P500 is up 0.1% while Nasdaq 100 is up 0.2%. Earlier on Tuesday, Consumer Discretionary and Communications Services were the best performing sectors in the S&P500 – Google (GOOGL), Meta (META), and Netflix (NFLX) had over 1% gains among the mega-caps – while defensively-oriented Healthcare and Utilities underperformed. Investors have also shrugged the disappointing Consumer Confidence data with sentiment t