BTC rose again as a safe haven during global tensions
- Border conflict between India and China
After weeks of bickering and fights along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly collision in a river valley that is part of the Ladakh region last week. Troops had gathered on both sides of the border in the north Indian region of Ladakh and southwestern China’s Aksai Chin region in recent months, sparking global concern about a possible escalation between the two.
- North and South Korea Clash
Last Tuesday, North Korea destroyed the liaison office it operates with South Korea in the city of Kaesong, just north of the demilitarized zone separating the two countries.
North Korea also said it would send troops to now-closed joint cooperation sites on its territory, reinstall sentries and resume military exercises in frontline areas in violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps against any North Korean provocation.
The tensions that have heightened in Asia and the possible ‘second wave’ of coronavirus in the United States could make the global economic recovery even more difficult. Thus, Bitcoin, as a safe haven, attracts more investors to buy and hold.
Due to the uncertainty of the global economy, Bitcoin showed a strong upward move from USD 9,400 to USD 9,700 on Monday, up 3% over the past 2 days. While it fell sharply to USD 9,000 early in the day, the daily chart also shows that BTC will soon manage to break above USD 10,500 area. This could propel the cryptocurrency into a major new bullish trend.
Grab the BTC swings and make bigger profits
For investors who have a lot of money to invest in the Bitcoin market, buying a large number of BTC at a low price and selling it at a higher price is perhaps the safest but profitable trading method. However, for most of us, we don’t have that much money to invest, we can trade BTC futures contracts with 100x leverage. A small capital investment can lead to bigger profits.
For example, opening a position with an initial margin of 0.1 BTC with 100x leverage is essentially equivalent to controlling a position size of 10 BTC. If Bitcoin appreciated by 10 percent during this period, you would have a profit of $ 10,000 – all while risking only your initial 0.1 BTC margin. In addition, traders can go short in the market, allowing them to profit even when the market is down. Essentially, since BTC is such a volatile trading commodity, margin trading offers many more profit opportunities compared to one-way BTC spot trading.
Bexplus is one of the most popular futures exchanges in the cryptocurrency market. It offers a variety of trading pairs including BTC / USDT, ETH / USDT, EOS / USDT, LTC / USDT and XRP / USDT with 100x leverage. Using leverage, cryptocurrency traders can increase their exposure to price movements and turn what would otherwise be small profits in spot trading into extraordinary ones.
Why choose Bexplus?
Bexplus allows users to register an account without requiring KYC. Users can start trading after simple email registration without completing any form of AML / KYC
Users can trade futures contracts on both computers and mobile phones, including iOS and Android. Download the Bexplus app from App stores or Google Play and trade on the go.
- Ultra-fast deposit and withdrawal
Deposit and withdrawal are processed at high speed. No service charge for the deposit. To withdraw bitcoin, you just need to submit the withdrawal request form and the money will be credited to your wallet shortly. No maximum amount limited.
The Bexplus quote index is the weighted average of that of the top 5 exchanges including Bitfines, Binance, Poloniex, Huobi Global and ZB. It is also equipped with an anti-manipulation mechanism and can fulfill 30,000 orders / TPS without delay even during strong market fluctuations
Bexplus offers the trading simulator 10 free BTCs. If you are a beginner or inexperienced in crypto futures trading, you can practice trading without losing a penny. You can also use the P / L calculator to estimate the profit / loss before entering the trade at an accurate price level.
To deposit BTC into the real account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you get. You can get up to 10 FREE BTC as a bonus!
Trade BTC futures contracts with 100x leverage in Bexplus, you will have more chances of making a fortune during the coming bull market.