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.
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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.
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