Bitcoin has been trapped between the $30k-35k for the past week. But this may not last for much longer as several analysts point out that bitcoin is ready to resume its bull run.
Please Note: This is a Press Release
While the past few weeks have treated bitcoin badly, with China’s new clampdown on crypto the primary negative factor, many investors believe the short-term pain could be the long-term gain for bitcoin.
“China banned cryptocurrency in September 2017 and the news caused bitcoin’s price to drop from its then ATH of $5,000 to $3,000. But the market soon digested the news and bitcoin quickly reversed to a new all-time high of $20,000” said the analyst from Bexplus, “We believe China’s new clampdown is a blessing in disguise as it takes away China’s dominance in both mining and trading. It’s actually great news for bitcoin’s decentralized narrative and in the long term help the markets become less volatile.”
While many traders are spooked by the recent trends, institutional investors are quietly accumulating more bitcoin. Softbank invests $200 million in crypto trading platform Mercado Bitcoin and the family office of legendary investor George Soros is reportedly wading into trading bitcoin.
Crypto veteran Bobby Lee sees Bitcoin testing the six-figure mark after its recent 50% crash. “I think we’re going to hit it either in the late summer or the fall of this year to get past $100,000, and then it’s going to zoom up really fast,” said Lee.
Bexplus offers ethereum price prediction, how to mine litecoin and xrp price prediction to help users keep up-to-date with the cryptocurrency industry.
Bitcoin bull is coming, have a plan
In the crypto space, hodling is believed to be the strategy that never fails you. But hodling is not easy, especially in a volatile market. Holding means you miss the opportunities to Leading cryptocurrency exchange Bexplus is giving its users a new way to earn interest on bitcoin without taking the risks of trading. Users can earn up to 21% annualized interest with the Bexplus wallet.
How does Bexplus wallet work?
If you want to take a break from trading in the whirlwind, the Bexplus wallet will be a great place for you to continue to grow your wealth without taking the risks of trading. The wallet is an offline storage system encrypted with multi-signature technology. All BTC stored in the wallet will be highly secured and protected. Bexplus is a leading crypto derivatives platform accredited by MSB (Money Services Business). Bexplus offers 100x leverage in BTC, ETH, LTC, Dogecoin and XRP futures contracts.
The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest. For example, if you deposit 10 BTC and enjoy an annualized interest rate of 21%, then your monthly wallet revenue is (10*21%/365*30)=0.17260273BTC
Features of Bexplus Wallet
Independence: the wallet is independent of the trading account, so the deposits would not be used as margin, nor would it be influenced if your positions got liquidated. Furthermore, the deposits in your wallet will not be used by Bexplus for other purposes, so your deposits will not be “locked up.”
High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.
No Penalties for Early Withdrawal: withdrawal requests will be processed within 1 day with no penalties for early withdrawal. If you withdraw your deposit on the tenth day of the month, you can still receive the interests generated within this period.
No KYC Requirements: all registrations on Bexplus are done via email verification. You don’t have to worry about getting your information leaked. You can start trading within a few minutes and the transaction between the trading account and wallet is instant.
With the Bexplus BTC wallet, even in the doldrums, you can sit back and wait for the next big market trend cozily. Sign Up Now！
