Bitcoin’s price has been stable for a while and has recently surged from $30,000 to $43,000. Despite being hit by multiple negative news, such as the Federal Reserve meeting’s decision to raise interest rates twice in 2023, cryptocurrencies remain resilient with the arrival of stricter regulations on Bitcoin transactions from different countries since May. According to the active addresses in the Bitcoin network, the current uptrend of Bitcoin is still strong.
As of now, the number of active addresses on the Bitcoin network has dropped from a low of 715,000 at the beginning of June to 1 million. It’s still well below the mid-April high of 1.4 million. However, since the activity is generally related to the BTC price, one can still consider the ten-day increase as bullish. The general rule is that the more users use the blockchain, the better the performance will be.
Overall, the current market is optimistic about Bitcoin bullish development. However, before entering the bull market, Bitcoin may experience short-term declines due to the market correction.
Despite the high risks, volatility could also be an opportunity for people to enter the cryptocurrency market. Currently, Bitcoin’s uptrend is strong. Joining the cryptocurrency market, choosing a professional trading platform and using leverage wisely will bring you huge profit margins. Bexplus will be a good choice for you.
Bexplus offers XRP price forecast, 2025 Bitcoin price forecast and EOS price forecast to help users stay up to date with the cryptocurrency industry.
In times of FUD maybe we can look to China. In Chinese, the word crisis consists of two characters. The first character represents danger, while the second represents opportunity. While spot investors suffered from the sell-off, futures traders saw good opportunities to unleash Bitcoin. In futures trading, investors can hold cryptos short or long and profit from price differentials. Additionally, they can use the leverage offered by brokers to increase their risk. In futures, every fluctuation is an opportunity to make a profit.
Let’s see how:
Step 1: The current price of BTC is $31,000. If you think the price will decrease, you can open a short position with 0.01 BTC. Now 0.01 BTC may not seem like much, but with 100x leverage, you can open a 1 BTC contract.
Step 2: You close the position when the price of BTC drops to $30,000.
Profit: ($31,000-30,000)*1 BTC/30,000=0.033 BTC.
Bexplus, BTC, ETH, LTC, EOS, XRP, etc. is a leading cryptocurrency trading platform that offers 100x leverage futures trading on a variety of trading pairs such as No hassle, no KYC requirements, no deposit fees, Bexplus is trusted by customers worldwide including USA, Japan, Iran and Sudan.
Besides futures trading, Bexplus offers an interest wallet with an annual interest rate of up to 21%. If you want to stop trading for a while and wait for the storm to pass, the Bexplus wallet would be a good way to grow your wealth.
10 BTC’li Demo Hesap
What better way to improve your skills than with practice? There are 10 renewable BTC in the demo account so that traders can practice as much as they want without any risk. You can also learn to analyze the market and use the toolkit with the demo account.
Best Mobile Apps to Help You Trade Wisely
The Bexplus mobile app ranks in the top 5 of Bitcoin trading-related keyword search results in 56 countries on App Annie. This full-featured application gives you the same experience when using a computer, but much more convenient. Bexplus mobile app has 24/7 market notification to keep you informed of any major market movements. All data and assets can be accessed on any device including Windows, Macbook, Android phones, iPhones and tablets.
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100% Bonus to Help You Maximize Your Profits
Double deposit, double profit. Users can get a 100% deposit bonus for every deposit on Bexplus. If you deposit 1 BTC, 2 BTC will be credited to your account and profits from the bonus can be withdrawn.
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Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.