By Kristin Myers, Editor-in-Chief

ICYMI: 39% of Investors Are Buying More Cryptocurrency Amid Market Volatility

In case you missed it, 39% of investors are leaning into cryptocurrency even as the markets have taken us all on a rollercoaster ride. According to a new survey from The Balance, investors worried about inflation and market volatility have shifted some of their investing strategies.

Over 40% of investors say they are investing more in stocks in response to today's market, perhaps motivated by the opportunity to "buy the dip." Just over a quarter of the investors surveyed said they are investing less over concerns about inflation and because they have less money to pour into the markets. Another 9% told The Balance that they wanted to have more cash on hand as the potential for a recession looms.

The majority of investors surveyed—60%—said they are choosing safer investments to help them weather the volatile market. While over two-fifths of investors surveyed are choosing to buy more stocks, about a third are increasing purchases of both exchange-traded funds and index funds, which are typically less volatile.

-Kristin

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How To Invest in Cryptocurrency (The Balance)

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Term of the Day

Cryptocurrency

Cryptocurrency is a digital, or virtual asset, although it can also be exchanged like money or currency. A simple cryptocurrency transaction might involve sending it from one person to another. Cryptocurrencies are stored in virtual "wallets," and the transfer occurs from one person's wallet to the other person's wallet.

It is important to note that cryptocurrencies are generally high-risk investments, and while you may be able to make money quickly from it, prices are also highly volatile. If you have a lot of money and a diverse set of investments, adding a small investment in alternatives such as cryptocurrency may help to diversify your portfolio even more.

Off the Charts

Inflation is impacting how Americans save, a new survey from The Balance found. More than a third of respondents said they were saving less, compared to the 28% that are saving more. Roughly a quarter are cutting back on repaying debt—equal to the percentage of people that said they were upping their debt repayment. Half of the respondents said that when it came to their debt, they were making no changes.