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BTC Plummets. How to Gain Profit From That?

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On Thursday, bitcoin price continued its downward trend, falling by almost $1,000 over a 20-minute period, according to Coinbase Pro, which shows that the world’s largest cryptocurrency by market capitalization fell from $11,700 at 16:05 UTC to $10,800 in 17:44 UTC.

Although the price stabilized for a while, according to Coinbase, it fell to $10,346. However, on Friday Asia session Bitcoin has shown growth, now trading at around $11,300 (03:40 UTC).

The latest recession coincided with huge losses in the price of the entire cryptocurrency market, with most of the 100 largest cryptocurrencies in market capitalization also seeing a drop in their prices.

Previously analysts commented that this week’s BTC growth trend might be happening due to several reasons, one of them is Facebook’s announcement of the launch of media giant’s own cryptocurrency, Libra. According to experts, Facebook’s move might contribute to promoting cryptocurrencies around the world. Among other reasons caused bitcoin to grow analysts point out interest from big institutional investors and investing in cryptocurrencies as safe haven asset amid world economic slowdown due to turmoil in the Middle East and US-China trade tensions.

How to gain your profit from Bitcoin fluctuations?

Bexplus offers good opportunities to make your profit on Bitcoin rising and falling prices. Bexplus is a world-leading future contracts platform in the cryptocurrency area, which aims at providing advanced financial services to global investors of futures trading by using blockchain technology.

Making profits from BTC price drops: how does it work?

In Bexplus, you can invest BTC, ETH and LTC perpetual contracts with up to 100x leverage. For instance, you can use 0,01 BTC to short (predict it is going to drop) or long (predict it is going to rise) BTC and open a 1 BTC position with the help of 100x leverage. Besides, you can set stop-loss and stop-profit to control the risks.

On Bexplus traders not just trade assets trying to gain profits from price growth, but future contracts -financial instruments which allow traders to gain bidirectional profits from price falls and growths. Bitcoin future is an obligation of one party to the other to buy or sell a certain amount of bitcoins at an agreed price. Traders can try to make correct predictions of asset value in the future, and gain profits on a margin between original and future prices.

Trading on Bexplus doesn’t require to start with investing huge amounts of your cryptocurrency, 100x leverage allows you to gain hundredfold profits, by making the right predictions on prices direction.

Gift June: make a deposit on Bexplus and receive a gift

This June Bexplus gives a gift to each user who made a certain amount deposit on the platform. Among the gifts are Amazon Kindle, Apple Watches and iPads. Please follow the link below to read the terms of the promotion activity.

Why Investing on Bexplus is profitable?

Bexplus users can gain profits not only from trading. Every trader made a deposit on the platform is able to earn an annualized deposit interest, which is up to 72%. Also, depositing users have a chance to get an additional bonus to the original sum, for example, depositing 1 BTC you can get 1 BTC more as a bonus.

Start investing 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

Reddit: www.reddit.com/r/bexplus

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Altcoins

Ethereum Price Outlook as the DXY Index Crash Continues

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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…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

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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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