Geopolitical Tensions Could Not Beat Bitcoin: Now Is the Best Time to Trade BTC
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The crypto market has been affected by the geopolitical issues that have arisen lately. With the Ukraine-Russia conflict still raging on, various financial markets are still feeling the heat. Sell-offs have been apparent which have led to asset values dropping. However, not all investors are deterred by the current climate. On March 9, the price of Bitcoin rose from $38,500 to $41,800 within 6 hours, soaring by 8.5%. Inflow volumes also show that investors still believe in the crypto market.
Crypto Funds Register Largest Weekly Inflows Since December
Digital asset investment products registered $127 million worth of cumulative inflows for the week ending March 6, according to CoinShares data. It was the highest weekly inflow since Dec. 12, 2021. The increase was also significantly higher than the $36 million of inflows registered the previous week.
It is a testament to the faith that investors continue to have in bitcoin. Despite the early December crash, investors have repeatedly shown that their money is still on bitcoin, and with last week’s inflows, there is no doubt about this.
What Can Expect for BTC?
Although the maiden cryptocurrency has been on the choppy path for several days recently, the CoinMarketCap crypto community, which has won 82% historical accuracy, believes the asset will rally over 15% from the current price to trade at $48,145 by March 31. The target is based on votes by 83,489 members.
How to Profit from Volatility?
Despite good prospects, the Bitcoin market will still remain volatile for some time to come. Using the right investment method can make volatility a powerful tool for profit. BTC futures trading enables traders to long or short BTC, so traders can earn money as long as their predictions are right. While spot traders only earn profits when the price of bitcoin goes up. Furthermore, traders can borrow leverage from exchanges to increase their buying power, thus multiplying their profits.
For example, a trader opens a long position of 100 BTC at the price of $40,000 with Bexplus 100x leverage. Then, the price goes up to $45,000. As a result, he will make a profit of ($45,000 – $40,000) * 100 BTC / $45,000 = 11 BTC, while the margin he needs is only 1 BTC.
Bexplus offers 100x leverage in BTC, ETH, DOGE, ADA, and XRP futures contracts. Bexplus is trusted by over 1 million traders worldwide, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
Demo account with 10 BTC. Bexplus is one of the few exchanges that offer a free demo account, which puts you through its rules and trading widgets. Inside the demo account is 10 BTC for traders to practice and try out strategies as much as they like.
BTC Wallet: up to 21% Annualized Interest Without Any Risks. Bexplus users can gain profits not only from trading. Join the Bexplus wallet to earn up to 21% annualized interest without taking risks. With up to 21% annualized interests, it is no doubt one of the most profitable rates in the industry.
Copy Trading. With Bexplus’ copy trading, you can automatically copy the trades of other excellent traders. It can be a really valuable portfolio for those who are just starting out in trading, or those who don’t want to dedicate a huge amount of time to manage their trades.
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.
Deposit Activity to Earn 100% BTC Cashback. Deposit BTC in the Bexplus account and you can earn a 100% BTC bonus, which can also be used to trade futures contracts. Plus, more margins reduce the likelihood of forced liquidation. The more deposit, the more bonus you will get. Up to 10 BTC is available for each deposit. (Bonuses are not withdrawable, the profit obtained with the bonus can be withdrawn.)
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
