Geopolitical Tensions Could Not Beat Bitcoin: Now Is the Best Time to Trade BTC

Place/Date: - March 10th, 2022 at 3:23 pm UTC · 4 min read
Contact: Bexplus, Source: Bexplus

Geopolitical Tensions Could Not Beat Bitcoin: Now Is the Best Time to Trade BTC

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.

Geopolitical Tensions Could Not Beat Bitcoin: Now Is the Best Time to Trade BTC

  • 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.
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  • 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.)

Geopolitical Tensions Could Not Beat Bitcoin: Now Is the Best Time to Trade BTC

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Any other questions, you can join Bexplus official Discord or Telegram, contact admin or 24-hour customer service for help.