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After bitcoin’s price stabilized for two days around the $11.400 mark, bitcoin has started to drop on August 13, a day in which te crypto lost 6.6% of its value. On August 14 it lost another 6.3%, and on August 15 it hit a $9,542 bottom before moving back up. At the time of writing BTC is down a further 7.17% for the day, and 17.92% for the week.
Many investors have been waiting for a bitcoin rally since the end of June, when bitcoin hit its 2019 high of almost $14.000. Various prominent crypto investors have been claiming they’re absolutely sure bitcoin will hit new highs soon, offering sometimes unbelievable numbers.
The situation is worse for altcoins: Ether, XRP and LTC are down 11.33%, 7.74%, 11.88% respectively, 7-day performance shows double-digit decline in prices.
According to market analytics, such a decline could be related to the recovery of the Chinese yuan: when the Chinese fiat currency’s price dropped over US-China tensions, investors started to move their capital into crypto. When tensions between the countries started to mellow down, investors sold their bitcoin.
Bitcoin was rallying this year until U.S. regulators poured cold water on Facebook’s Libra, which made some investors uncertain. We maintain a positive outlook regarding bitcoin’s future as we’re sure it’ll hit new highs. But is just buying bitcoin and waiting for its price to rise the most effective way to invest in the short-term?
Investors who interested in quick profits can consider margin trading – a very effective way to make a profit on cryptocurrency price movements.
Bexplus: A Fast-Growing Trading Platform Offering 100x Leverage
Bexplus is an advanced bitcoin-based cryptocurrency exchange offering 100x leverage crypto futures trading . Margin trading allows traders to leverage their position up to 100x, be it long or short. Such high leverage and the ability to short bitcoin (or other cryptocurrencies like ETH, EOS, LTC, XRP, etc.) is a rare possibility not seen on the majority of crypto exchanges – with there being maybe a handful of legitimate providers.
With enough volume and activity in these markets, traders can actually use volatility to their advantage when combining it with high leverage to profit from relatively small but predictable price movements.
On Bexplus , you don’t need large amounts of BTC to gain big: thanks the ability to leverage 100x, investing 0.1 BTC can bring investors a 10 BTC profit. There’s also no need to wait for a big upward price movement: investors can open short (selling) or long (buying) positions.
Bexplus offers various advantages to its users: for example, now by making a deposit you can take advantage of a 100% deposit bonus . For example, when depositing 1 BTC you’ll get 2 BTC in total, which you can use for trading. Profits which earned with the bonus can be withdrawn.
Bexplus is not just a trading platform, it’s a lending service. Created especially for investors who don’t want to take high risks by trading with leverage, Bexplus Wallet offers investors one of the highest annual interest rates in the industry: depending on the amount of your deposit, you can get an annual percentage rate (APR) of up to 30%.
Its safe and you always can withdraw your assets at any time if you change your mind.
Start earning with Bexplus today!
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