Connect with us

Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

Published

on

Bitcoin

Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin Investment

With the Bitcoin prices expected to go up within the next few months sharply, everybody is talking about investing in this cryptocurrency. And they are right to do so because there is no better time to invest in bitcoins than now.

Contrary to misconceptions about cryptocurrency investment, there are investment options that do not require a lot of capital or extensive knowledge in cryptocurrency trading. These low-risk investment options guarantee profits from small amounts of capital and are especially suitable for newbies in cryptocurrency trading. And such investment option is futures trading.

Futures Trading allows investors to trade contracts related to BTC and other cryptocurrencies with predetermined prices. Crypto futures trading make it possible for investors to make profits on both the uptrends and downtrends of the cryptocurrency market.

Futures contracts trading is the easiest and least complicated way to trade cryptocurrencies such as bitcoins. How do you begin trading futures contracts?

Trade BTC Futures Contracts in Bexplus

Bexplus exchange was founded in Hong Kong and introduced in the cryptocurrency market in late 2017. Today it is the world’s leading Bitcoin futures trading platform and arguably the most progressive cryptocurrency exchange available. All this is due to its Futures Trading cryptocurrency exchange mode.

  1. Open a free Bexplus Exchange account.

Registration on the Bexplus exchange website is very easy, fast, and free. Without the requirements of completing a KYC procedure, you can be assured that there is no risk of your private information leaking. To secure your Bexplus account, you can set up a 2-step authentication process to grant access to your account.

  1. Deposit in your Bexplus Exchange account

The minimum trading amount on Bexplus is 0.0003BTC, which is a very affordable amount for cryptocurrency futures trading. Bexplus also gives its clients a 100% BTC bonus reward for any amount of bitcoins deposited, thus offering you a greater opportunity to earn more money.

  1. Practice BTC trading in the Bexplus trading simulator.

The Bexplus exchange website provides a trading simulator for every user. Beginners receive 10 free bitcoins to practice within the trading simulator so as to help you understand how crypto future trading works. Once you have become conversant with the system, you can choose your trading pair as well as either long or short perpetual futures contracts. The trading simulator also provides you with the options to set stop-loss and stop-profit points, giving you control over the risks you take with your cryptocurrency investment.

The 100x leveraged perpetual futures contracts provided by Bexplus exchange allow you to make 100% profit on 1% of Bitcoin price rising or falling even with a small amount of investment.

Consult Experts on the Bexplus Exchange

The Bexplus exchange website provides consulting services where you can get information about the latest cryptocurrency trends as well as crypto future trading tips. This consultation service comes in handy for beginners who want to seriously pursue investing in crypto futures trading. Becoming Bexplus’s VIP user, you will also get market analysis, prediction and trading strategies.

Bexplus exchange has made crypto futures trading easy to understand and accessible to anyone interested. And with the current positive trend in Bitcoin price, if you have ever been interested in Bitcoin investment, you may want to consider joining cryptocurrency trading soon.

Bitcoin

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

Published

on

By

Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

Continue Reading

Bitcoin

Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

Published

on

By

Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

Continue Reading

Bitcoin

Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

Published

on

By

Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

Continue Reading

Trending