On Tuesday, bitcoin surged again above $38,000 on hopes that, should inflation continue to drop, the US central bank would be getting closer to cutting borrowing costs.

Before reducing the gain, the largest cryptocurrency by market value increased by as much as 3.3% to $38,264. On Friday, the price of bitcoin hit an 18-month high of $38,422. In general, investors are more willing to take on riskier assets like digital tokens when interest rates are lower.

Investors may turn back to riskier assets when rates rise in an effort to obtain higher returns, according to Michael Safai, a partner at the quantitative trading company Dexterity Capital. Together with the impetus that cryptocurrency has gathered in recent months thanks to ETFs and the removal of FTX from the picture, traders believe that the ingredients are in place for a new bull run.

A recent slowdown in economic activity has encouraged Federal Reserve Governor Christopher Waller, who believes this suggests the central bank’s policy is tight enough. During a scheduled speech on Tuesday at the American Enterprise Institute in Washington, he made the remarks.

Due to anticipation that the US Securities and Exchange Commission would soon authorise an exchange-traded fund (ETF) that will make direct investments in bitcoin, the price of bitcoin has increased by more than 40% since the beginning of October. This year, Bitcoin has increased by almost 130%, following a 64% decline in 2022.

Additionally, the confidence has contributed to the rise in “crypto stocks,” like ETF proxy MicroStategy Inc., exchange operator Coinbase Global Inc., and miner Marathon Digital Holdings Inc. This year, the stocks of all three have increased by about 250%.

With the rise of cryptocurrency not likely to stop anytime soon, casinos and gambling services have jumped in and are trying to cater to this market. Everything basically works like in a normal casino, the only difference is the currency you pay. However, there are some different mechanics and games in this ever-changing market. Almost all changes and new developments in the market have been for the better. Some are skeptical because the value of currencies can fluctuate greatly.

 But we explain that and much more here.

 What currencies are most commonly used?

 With most online gambling services, you will find that the most accepted coin would be Bitcoin, the king of cryptocurrencies. But if you look closely, there are plenty of other coins accepted, such as ETH (Etherium), DOGE (Dogecoin), XRP (Ripple), LTH (Litecoin) and DASH (Dash).

 It’s basically the same thing – some coins can fluctuate in price a bit more than others. We recommend that you have some knowledge of cryptocurrencies before embarking on this journey, but the best crypto gambling sites can be found at CryptoGambe.tips, so that’s a good place to start.

 Cryptocurrency Casino Bonuses

 Probably one of the best parts of the whole cryptocurrency casino scene is the bonuses you get. However, with most casinos you will get some kind of deposit bonus, but with cryptocurrency they really try to give you a big bonus as a new player or even as a more advanced player. So this is really where the cryptocurrency casino shines.

 Most bonuses come in the form of deposit bonuses or free spins. But you often get free credits after you sign up!

 Let’s talk about transaction fees, payments and customer identity

Most online casinos offer zero transaction fees, which means unlimited free transactions per day. Most of them require no verification, ensuring the safety of players’ funds and identities. Another big thing that is overlooked in cryptogambling is payouts, payouts are processed instantly and an average crypto transfer takes about 30 minutes – 2 hours to complete, depending on the number of coins in the network.

 Not going through KYC (Know Your Customer) is also a big plus as it is time consuming and could be a breach point for your privacy.