Bitcoin price has been skyrocketed in the past two months. After consolidating at $10,000 for several months, the largest cryptocurrency by market cap rushed to smash a dozen of psychological resistance and reached $37,700 on Thursday. Bitcoin has surged over 380% in the past 12 months. The value of the entire cryptocurrency market reached $1 trillion following the rally of Bitcoin.
Bitcoin is once again the talk of the town. Driven by FOMO, more retail investors may jump in the take a share and push the Bitcoin price higher, but such momentum may not be sustainable – many investors still remember the 2017 boom-and-bust vividly. And some analysts have warned that Bitcoin breaking $50K or higher may not be a smooth ride.
One comforting comment from Bexplus’s Analysis Director Justin Kwok is that strong corrections are unlikely to come, as institutional investors are still accumulating Bitcoin and holding it. Although Bitcoin dropped below $30K three days ago, buyers quickly stepped in to protect the level. If Bitcoin revisits $30K or lower again, it would be a good time for investors to buy low.
Even so, many onlookers are hesitant to join in fear of Bitcoin’s high volatility. And not everyone can hold firm when Bitcoin’s value drops 50%. But Bitcoin’s high volatility also leads to opportunities.
Futures trading offers good opportunities to earn profits on Bitcoin’s rising and falling prices, thus making it one of the most popular instruments besides spot trading.
In Bexplus, you can invest in BTC, ETH, XRP, LOS, and EOS perpetual contracts with up to 100x leverage. To illustrate, you can use 0.1 BTC to open a short (predict it is going to drop) or long (predict it is going to rise) contract worthy of 10 BTC.
If we open the contract when Bitcoin is trading at $12,000 and close it when it drops to $11,000, the profit would be ($12,000 – $11,000) * 100 BTC/$11,000 *100% = 9.09 BTC, making the ROI 909%.
Easy Registration with No KYC
Traders can register an account with only email and this process only takes a minute. No KYC protocol is carried out throughout trading so you don’t need to worry about information leakage.
100% Bonus to Help You Maximize Profit
Doubled margin helps you double your profits! Deposit 1 BTC and you will get 2 BTC. Up to 10 BTC is available in each deposit and you can withdraw all the profits generated by the bonus. Furthermore, bigger margins means that your positions are less likely to get liquidated. Your positions will be better secured in the highly volatile market.
10 BTC for Demo Account
Bexplus is known to be a beginner-friendly exchange: every user will get a demo account with 10 BTC upon registration. Users can explore futures trading with the demo account and learn to analyze the market.
BTC Wallet: up to 30% Annualized Interest Without Any Risks
Bexplus users can gain profits not only from trading. Join the Bexplus wallet, you can earn up to 30% annualized interest without taking risks. With up to 30% annualized interests, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
Trade Freely on Android & iOS
The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.