Hot Updates

Bexplus Analysts – Bitcoin Course Prediction for the 2nd Quarter of 2019

Published

5 years ago

February 25, 2019

During a solid upward move last week, Bitcoin gained some 5% to rocket over the $4000 mark, but dropped suddenly yesterday, falling back to $3800. The sudden slump in the BTC price wiped nearly $5 billion from the bitcoin market capitalization. The sharp bearish reaction occurred again.

From the chart, the Bitcoin price shows a sharp U-turn below the $4,000 and $3,900 support levels. It could correct higher in the short term, but the previous supports at $3,860 and $3,900 might prevent gains. And a lagging indicator suggests bitcoin’s price may have bottomed out and a new bull run could begin if it breaks $6000 in the next quarter, forming a global market upward triangle.

The sharp repeated price fluctuation presents shrewd traders opportunities for making the profit from BTC futures trading which allows you to short or long. Let’s see how.

How Can I Earn Money When BTC Market Goes Down?

In the fiat-to-crypto or crypto-to-crypto transaction, the only way that you can make profits is to exchange USD/crypto to BTC by buying-in at a low price and selling-out at a higher price. However, according to the current trend, compared to BTC spot trades, BTC futures trading is a more profitable investment.

Different from other trading platforms, Bexplus exchange is a derivative platform offering perpetual contracts of BTC, ETH, and LTC with 100x leverage. To enter a 1 BTC trade, you just need to invest in 0.01 BTC which is about $38 at the current rate. This is an affordable amount for newbies to start BTC futures trading. With high-leveraged, it can also increase profits for experienced traders.

So how to start BTC futures trading on a falling market? Open short positions using the maximum leverage 1:100 to maximize profit!

Deposit BTC, ETH or LTC in your Bexplus wallet. If you don’t have, you can also buy BTC in other OTC platform.

l Enter the Exchange page, open a short position with a certain volume at a certain price as you want. (Note: If you are new to futures contracts, suggest you try in the trading simulator with 10 BTC)

For example, at the price of $4000, set 100 BTC as the trading volume which only uses 1 BTC as margin with the help of 100x leverage. When BTC falls to $3900, you can earn 1 BTC * (4000-3900)/4000*100% = 2.5 BTC.

Set stop-profit and stop-loss points in the Hold list to lower the risks.

Note: You can trade ETH and LTC futures contracts based on the steps above.

Win Up to 10 BTC in Bexplus

100% FREE BTC bonus will be sent to clients who deposit and trade futures contracts in Bexplus. Deposit 10 BTC, you will get 20 BTC credited in your account.

For more details: https://www.bexplus.com/en/cash_back

Earn Up to 50% Referral Reward

Recommend Bexplus to your friends, you can earn 10%-50% of their transaction fees. If your friends join and trade, you can also get certain transaction fees off as well.

Before the BTC market going “to the moon” again, you can take advantage of the price rising and falling, and make a fortune with 100x leverage futures trading in Bexplus.

Follow Bexplus on:

Website: www.bexplus.com

Facebook: https://www.facebook.com/Bexplusglobal/

Telegram: https://t.me/bexplusexchange

Reddit: www.reddit.com/u/bexplus

For Business cooperation: [email protected]

Altcoins

Ethereum Price Outlook as the DXY Index Crash Continues

Published

1 year ago

January 26, 2023

Crispus

Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Hot Updates

Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

Published

3 years ago

January 22, 2021

Dan Blockstar

Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.

“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”

“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…