Disclaimer: The text below is a press release which was not prepared by Cryptonews.com.
Bitcoin consolidates at $ 58,000. It has failed to break through the resistance of $ 60,000 on several occasions, but investor confidence remains strong. According to Oanda analyst Edward Moya, the market is in a “wait and see” mode … The consensus is to break above $ 60,000, it’s not a question of if, but when. The next barrier is at $ 75,000. “
Over the past few months, institutional investors have been the main driving force behind Bitcoin rallies. In a report, JPMorgan Chase & Co. suggests that the decline in Bitcoin’s volatility could lead more institutional investors to warm towards cryptocurrency.
CME Group, one of the world’s largest derivatives exchanges, has announced that its Micro Bitcoin futures contracts will go into effect on May 3. The Micro futures contract will be worth 0.1 BTC, which will allow more retail investors to hedge risk and gain exposure to Bitcoin.
Crypto exchange BexplusKnash Nikolssom Marketing Director comments that “CME’s decision shows that the crypto derivatives market is gaining acceptance. More market participants will certainly help reduce market volatility. This, combined with new institutional support, will drive Bitcoin into the mainstream. “
MicroStrategy, one of Bitcoin’s biggest advocates, seized an additional 253 bitcoins at an average price of $ 59,339. Now the company owns 91,579 bitcoins, and its stock price already reached an ATH of $ 1,315 on February 9, 2021, has increased by over 826% since August 2020.
Gaining acceptance for Bitcoin will help reduce its volatility, a key concern of large investors when considering adopting Bitcoin. Many believe that Bitcoin is unlikely to fall below $ 40,000, a level where a number of institutional investors buy Bitcoin.
How to earn BTC while volatility decreases?
Futures trading is one of the most popular tools for making money with Bitcoin’s volatility, but it can also be used in a calm market. Futures trading allows traders to bet on Bitcoin’s price directions and earn profit with the price differences. With leverage, traders can gain greater exposure and improve profitability.
Registered in Saint Vincent and the Grenadines, Bexplus is a leading crypto derivatives trading platform offering 100x leveraged futures trading on a variety of trading pairs – BTC, ETH, LTC, EOS, XRP , etc. , Bexplus enjoys the trust of customers around the world, particularly in the United States, Japan, Iran and Sudan.
Why choose Bexplus
- 100x leverage on BTC, ETH, LTC, XRP, EOS contracts
- Demo account with 10 free BTC
- Easy registration without KYC
- 100% deposit bonus
- Up to 21% annualized interest rate on BTC savings
Follow Bexplus on:
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus