BTC Surged Again as A Safe Haven Asset During Global Tensions
- India – China Border Conflict
After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.
- North and South Korea Clash
Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries.
North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.
The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold.
Due to the uncertainty of the global economy, Bitcoin performed a strong upward movement from $9,400 to $9,700 on Monday, appreciating 3% in past 2 days. Though it declined sharply to as low as $9,000 early today, the daily chart also highlights that BTC may soon manage to break above the $10,500 area. This could propel the cryptocurrency into a major new bullish trend.
Grasp the BTC Fluctuations and Get Bigger Gains
For investors who have a lot of funds to invest in the Bitcoin market, buying a great number of BTC at a low price and selling it at higher price might be the most secure yet profitable trading method. However, for most of us, we don’t have not so much money for investment, we can trade BTC futures contracts with 100x leverage. A small capital investment may lead to greater gains.
As an 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 gains in value by 10 percent during this time period, you would have a profit of $10,000 — all while only risking your initial 0.1 BTC margin. Besides, it allows traders to short the market — allowing them to profit even when the market is down. With BTC being such a volatile trading product, margin trading essentially provides much more opportunities to profit compared to one-directional BTC spot trade.
Bexplus is one of the most popular futures exchanges in the cryptocurrency market. It provides a variety of trading pairs including BTC/USDT, ETH/USDT, EOS/USDT, LTC/USDT and XRP/USDT with 100x leverage. By using leverage, cryptocurrency traders can increase their exposure to price movements and turn what would otherwise be small gains when spot trading into extraordinary profits.
Why Choose Bexplus?
- NO KYC
Bexplus allows users to register an account with No KYC required. Users can start trading after easy registration with email without completing any sort of AML/KYC
- Mobile Support
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 & Withdrawal
Deposit and withdrawal are processed at a fast speed. No service charge for the deposit. To withdraw bitcoin, you just need to submit the withdrawal request form and the money will be soon credited in your wallet. No maximum amount limited.
- Fair Quote of Price
Bexplus quote index is weighted average of those from top 5 exchanges, including Bitfines, Binance, Poloniex, Huobi Global and ZB. It also equipped with anti-manipulation mechanism and it can execute 30,000 orders/TPS without latency even during strong market fluctuations
- Trading simulator
Bexplus provides the trading simulator with 10 free BTC If you are a beginner or inexperienced in crypto futures trading, you can practice trading without losing a penny. You can also use P/L calculator to estimate the profit/loss before entering the trade at a precise price point.
- 100% deposit bonus
To deposit BTC in 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 will get. You can get up to 10 FREE BTC as bonus!
Trade BTC futures contracts with 100x leverage in Bexplus, you will have more chances to make a fortune during the coming bull market.
The post As Global Tensions Grow, Bitcoin Price May Go Higher appeared first on Global Coin Report.
Read more at https://globalcoinreport.com/as-global-tensions-grow-bitcoin-price-may-go-higher/
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube