The crypto market has been affected by the geopolitical problems that have arisen lately. With the conflict between Ukraine and Russia still ongoing, various financial markets are still feeling the heat.
Bitcoin has seen a lot of volatility recently, going from $38,500 to $42,500 and then falling to $38,500 in a very short time.
However, not all investors are put off by the current climate. The inbound volumes also show that investors still believe in the crypto market.
Crypto Funds Post Biggest Weekly Flows Since December
Digital asset investment products saw $127 million in cumulative inflows for the week ending March 6, according to data from CoinShares. It was the highest weekly entry since December 12, 2021.
The increase was also significantly higher than the $36 million in admissions recorded 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 in bitcoin and, with last week’s inflows, there is no doubt about it.
Bitcoin rebounded as crypto investors seemed to agree with the US executive actions.
According to the White House, US President Joe Biden signed an executive order on March 9 requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other issues related to the cryptocurrencies.
The executive order is far less intrusive than the market feared, primarily directing federal and other key agencies to assess the role of cryptocurrencies in “the future of money.”
It is worth noting that it directs the Commerce Department to investigate how cryptocurrencies could help support US competition in the global economy.
In general, it seems that the US government is taking an approach to accept and coexist with cryptocurrencies, rather than eliminate them.
What can we expect from BTC?
Despite the fact that the global macro and geopolitical stage continues to create uncertainty in the market, long-term BTC holders remain firm and do not sell their assets.
From the BTC supply percentage chart on Glassnode, the 61.72% of BTC that has been held for over 1 year has not moved.
This holding percentage has been rising since early 2022 and has accelerated as the war between Russia and Ukraine breaks out, demonstrating the Hodlers’ firm belief in BTC price appreciation.
To conclude though, it’s still too early to say whether the federal government will fully embrace crypto, but Biden’s signing of executive orders on crypto goes some way to indicating that he takes crypto as a serious part of the US economy. US and might even have some potential.
And hodlers playing long (buy and hold) are also supporting the rise in BTC price.
How to benefit from volatility?
Despite the good prospects, the Bitcoin market will remain volatile for some time. Using the correct investment method can make volatility a powerful tool for profit.
BTC futures trading allows traders to go long or short BTC, so traders can make money as long as their predictions are correct. Whereas spot traders only make a profit when the price of bitcoin rises.
Additionally, 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 $38,000 with Bexplus 100x leverage.
So the price goes up to $42,000. As a result, you will make a profit of ($42,000 – $38,000) * 100 BTC / $42,000 = 9.5 BTC, while the margin you need is only 1 BTC.
Bexplus offers 100x leverage on BTC, ETH, DOGE, ADA and XRP futures contracts. Bexplus is trusted by over 1 million merchants worldwide, including the US, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
Bexplus is one of the few exchanges to offer a free demo account, which walks you through its trading rules and widgets. Inside the demo account is 10 BTC for traders to practice and test strategies as much as they want.
BTC wallet: up to 21% annualized interest without any risk
Bexplus users can earn profit not only from trading. Join Bexplus wallet to earn up to 21% annualized interest risk-free.
With up to 21% annualized interest, it is without a doubt one of the most profitable rates in the industry.
With Bexplus copy trading, you can automatically copy the trades of other great traders. It can be a really valuable portfolio for those just starting out in trading or those who don’t want to spend a huge amount of time managing their trades.
Trade freely on Android and iOS
The top-tier Bexplus app integrates all the necessary features and tools (real-time charts, a variety of indicators, news alerts, etc.) while maintaining a minimalist and intuitive interface.
With the Bexplus app, you can manage your account anywhere and anytime you want. Also, 24/7 notification could keep you up-to-date with big price movements, making it easy to secure your positions.
Deposit activity to earn 100% BTC cashback
Deposit BTC to Bexplus account and you can earn 100% BTC bonus, which can also be used to trade futures contracts.
Also, more margins reduce the probability of forced liquidation. The more you deposit, the more bonuses you will get. Up to 10 BTC are available for each deposit.
(Bonuses cannot be withdrawn, the winnings obtained with the bonus can be withdrawn).
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Any other questions, you can join bexplus official discord or telegram, contact admin or 24-hour customer service for help.
(where you can communicate with experienced traders or other traders and check trading signals from traders who have long-term profitability in futures trading)
This post Now is the best time to trade BTC
was published first on https://coinpedia.org/press-release/geopolitical-tensions-could-not-beat-bitcoin-now-is-the-best-time-to-trade-btc/