The past week was a volatile one for Bitcoin, which gained and lost more than $US3,400 [AU$4,840] in just four days’ time.
The popular cryptocurrency surged to nearly $14,000 on Wednesday, breaking a series of 2019 YTD records along the way.
That same day, a series of outages at various cryptocurrency exchanges sent prices tumbling by more than $1800.
Coinbase’s entire platform – both mobile and desktop – and Robinhood’s crypto trading services were temporarily down due to “degraded performance” issues.
After a further drop to $10,300 on Thursday, Bitcoin rebounded with a 24-hour gain of more than 20%, closing the week on a level of volatility not seen in months.
Currently, Bitcoin is trading at right around $11,760 and, while many experts predicted the current pullback, analysts generally expect BTC’s upside momentum to be sustained in the near term.
Based on technical indicators and other key data, the next target is likely to be $15,000.
Profit on Bitcoin futures trading with the Bexplus exchange app
Despite the current price drop, Bexplus is reporting over $50 million in Bitcoin perpetual contracts trading volume in the past 24 hours.
If you’ve traded on crypto futures exchanges before, you may already know that few of them offer mobile apps.
Bexplus has launched trading mobile app for both Android and iOS users, helping investors open or close positions anytime on the go. Investors from different countries can easily download Bexplus App from Google Play or App Store.
5 reasons why the Bexplus app is so popular
You can open or close price at the exact price you set without losing any money. For example, with spread charge, if you open a long position at the price of $10,000, your bid price will be $10,500 which means you lose $500 once you open a position.
Bexplus offers margin trading with 100 times leverage. This gives traders an option to open a 100 BTC long/short position while having only 1 BTC of their own funds, making potential profit 100 times higher.
Different from weekly or quarterly futures contracts offered on many other crypto futures exchanges, Bexplus provides perpetual contracts which have no expiration or settlement, so that investors can buy or quit contracts anytime they want.
100% BTC bonus
Users depositing BTC in Bexplus can enjoy a 100% deposit bonus which can help increase margin rates and buy power and lower the “blowup” or “auto liquidation” risks when there is huge market fluctuation.
BTC Wallet with 72% annualized interest
If investors haven’t yet made the decision to long or short Bitcoin price, they can save their BTC in our upgraded wallet and enjoy up to 72% annualized interests which will be calculated and displayed at UTC 00:00 a.m. daily.
You can transfer the BTC to the trading account or withdraw back to your wallet anytime you need.
Bexplus Gift June Activity End Countdown
Our Gift June giveaway is coming to an end on 2019/6/30 11:59 PM (UTC). By joining the giveaway, you will have a chance to win presents including Apple watches, iPads, Kindles, etc. Not only can you make profits on BTC futures trading, but also get wonderful gifts.
Come and join now: https://www.bexplus.com/activity/gift_june
Bitcoin’s bounce marks a sharp turnaround from its weak performance last year, but its price is still short of its all-time high near $20,000 in December of 2017.
As we know, nothing goes up in a straight line. Before Bitcoin skyrockets “to the moon”, you can profit on the price ups and downs by trading bitcoin futures contracts.