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.
- 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.
- 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.
- 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 Surges After Tesla Bought $1.5 Billion Worth of BTC
The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.
The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.
Musk’s Tweets also impacted Dogecoin’s price
Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.
He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.
But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
NFTs are already being actively traded in markets globally. For…
Wisebitcoin Launches Professional-Grade Crypto Exchange
Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.
In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.
For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750.
Beyond leverage, Wisebitcoin additionally offers a simple and…