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Bitcoin Volatility Is Lowest Since June: How to Gain Your Profits?
Earlier this year bitcoin was rallying really hard, gaining more than 200% between April and June 26, when it reached almost $14,000. Since then, bitcoin’s volatility significantly decreased: since August 15-27 world’s largest cryptocurrency has been trading between $9,600-10,900, making long-term investors feeling not very positive.
According to figures provided by Blockforce Capital and Digital Asset Data, Bitcoin’s 30-day volatility fell to a reading of 64 on Sunday, August 25, its lowest since June 25.
This chart shows a more than 50% drop from the reading’s recent peak of 131% reached on July 19:
Source: Blockforce Capital and Digital Asset Data
Data on monthly range, measure that shows the difference between bitcoin’s high price and low price every month also shows that bitcoin doing not that great recently. According to Blockforce Capital and Digital Asset Data, this measure recently fell to its lowest since March.
As data above shows, it’s not a such positive situation for bitcoin investors. Considering such stagnation, buying bitcoin and waiting for the price to rise could be not the most effective way to invest in crypto.
Tired of BTC Stagnation? Try Leveraged Trading on Bexplus
Bexplus is an advanced cryptocurrency margin trading platform offering 100x leverage. The core feature of margin trading is an ability of gaining profits not only when bitcoin price rises, but also when it goes down by opening short (buy) and long (sell) positions.
Even with slightest activity on the market, investors still can trade and gain profits, let’s explain it by this simple example:
As an example, say you want to buy 1 BTC at a price of $10,000. To open such a trade on a fiat-to-crypto exchange you would need to pay $10,000. If the Bitcoin Price goes up by 1%, so 1 BTC now worth $10,100. If you choose to then sell them to secure your profit, you’d have made $100 from your original $10,000 investment.
Now let’s compare that to 100x leverage on Bexplus. Here you would only have to pay 1% open the same trade, which means $100 (0.01 BTC) to open a 1 BTC position. If Bitcoin’s price rises by 1%, you will still have made the same profit of $100, but at a considerably reduced cost.
Before you start to trade with leverage, it’s also a good idea to get some practice. Especially for new users Bexplus team designed free trading simulator: as soon as you register on the platform you get 10 BTC for your simulator account.
100x leverage allows investors to open positions of significantly greater amount with relatively small investments. 100x leverage is still quite a rare feature on most of the exchanges.
Besides bitcoin, of course, you also can trade altcoins: ETH, LTC, XRP, EOS are available for trading now on Bexplus.
Bonus for the new users: make a deposit and get 100% bonus!
In order to thank all the new users, we offer 100% deposit bonus for all the new users: for example, by depositing 1 BTC you will get 2 BTC in total. Bonus is not withdrawable, but can be used for trading. All the profits made with 100% bonus can be withdrawn.
Besides, there’s a BTC Wallet account available on Bexplus: by depositing certain amount of bitcoins you can receive annualized interest, which rates between 18-30%, depending on the amount of your deposit. The funds can be withdrawn at any time if you’ll decide to change your mind.
Start earning with Bexplus today!
Follow Bexplus on:
Website: www.bexplus.com
Facebook: https://www.facebook.com/Bexplusglobal/
Telegram: https://t.me/bexplusexchange
Twitter: https://twitter.com/BexplusExchange
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…
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…
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…
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