# Disaster-Proof Your Portfolio

*Author: Bankless*
*Published: Aug 7, 2024*
*Source: https://www.bankless.com/de/disaster-proof-portfolio*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-647-1-1.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=disaster-proofing-your-crypto-portfolio&email=true)

  

Disaster-Proof Your Portfolio
    
  

  
  Published on Aug 7, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=disaster-proofing-your-crypto-portfolio&email=true) — *Sign up for an account and see what crypto can be. *

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
SOL ATH Against ETH
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-14--87-.png)](https://www.bankless.com/dashboard)- 🆙 **Solana Hits All-Time High Against ETH.** Amid ETH's drawdown, SOL's ether-denominated market cap has reached new heights.
[*Read more on Bankless.com*](https://www.bankless.com/solana-hits-all-time-high-against-eth)* *
- 🇯🇵** Bank of Japan Backs Away from Future Rate Hikes. **The BOJ seeks to rein in fears of major policy catalyst that triggered market panic.
[*Read more on Bankless.com*](https://www.bankless.com/bank-of-japan-backs-away-from-future-rate-hikes)
- 🤖** Grayscale Launches SUI and TAO Trusts. **Grayscale adds some of this cycle's buzziest new entrants to its list of trust offerings.
[*Read more on Bankless.com*](https://www.bankless.com/grayscale-tao-sui)
[](https://www.bankless.com/uniswap-extension-browser)

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    MARKET VIBES

  
  

ETH Struggles
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **ETH's brutal week showed few signs of reversing course as the asset gave up yesterday's limited gains and sunk back toward $2,300. Meanwhile, SOL hit ether-denominated all-time highs despite an 18% week-over-week decline. Traders are preparing for a big day of market volatility tomorrow as new U.S. jobless claim numbers are dropping, which will offer traders a chance to repudiate or double down on fears of economic slowdown.

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.93T
       

 
    
    ↘3.3%
    
    
  

  
    
    ↘17.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $54,804
       

  
    
    ↘3.4%
  

   
    
    ↘16.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,343
       

  
    
    ↘5.9%
  

   
    
    ↘28.2%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/1975.png)
    

  **LINK**
   
          $9.60

       

  
    
    ↘4.8%
    
  

   
    
    ↘26.0%
    
  

  

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🔒**New Token Rating: **Tokenization is widely recognized as the future of finance, and **Chainlink** aims to become an integral component of this next-gen system! Why is LINK price down 50% off its March highs?[Unlock LINK on Token Hub](https://www.bankless.com/tools/token-hub/chainlink)

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INVESTING

  
  
    
   
Disaster Proofing Your Crypto Portfolio
  
   
     
     Bankless Author: 
     
       [
       
       Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/image---2024-08-07T153958.570.png)](https://www.bankless.com/disaster-proofing-your-crypto-portfolio)Crypto is risky, and abrupt market downturns make this abundantly clear.

Many tokens demonstrated this feature earlier this week when a host of assets found their valuations halved after a week’s worth of negative price action was compounded by a particularly brutal Sunday sell-off. Despite managing to pare back losses on Tuesday, practically every token remains substantially underwater compared to June highs.

*Assuming a bear market has truly kicked off*, then, sure, the optimal day to de-risk your crypto exposure would have been last Monday, but it's not too late to take proactive measures to safeguard your portfolio against any perceived future harm.

*Today, we walk through steps to future-proof your portfolio against losses from a cataclysmic drawdown* 👇

[Read the Analysis](https://www.bankless.com/disaster-proofing-your-crypto-portfolio)
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