Bitcoin was up over 20% year to date Thursday morning.

Data suggests that the recent price rise is being driven by U.S. investors buying bitcoin on spot and derivatives exchanges. Meanwhile, there are now more "whales" swimming in this global sea than since mid-2019. And bitcoin custodial startups are reporting an uptick in users.

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It's suspected much of this activity is driven by the impending halving event, which for some sober minds, is nothing more than an act of arithmetic. Here's the story:

Top Shelf

American BuyersData indicatesAmerican buyers are fueling bitcoins rally.On U.S. exchanges, spot premiums are showing stronger buy-side pressure relative to other markets. Further, exchanges licensed to offer bitcoin futures to American investors are rallying while their unlicensed competitors are not. Su Zhu, CEO of Three Arrows Capital, said American investors should give us a strong base given that U.S. tax policy means nobody sells spot for small profits.

Call Me Ishmael, Is That A Whale?The number of Bitcoin addresses holding more than 10,000 coins rose tothe highest level since mid-2019.These 111 so-called whales contribute to the bullish narrative surrounding the top crypto by marketcap. Some of these addresses may belong to high-net-worth individuals or groups, who are diversifying into bitcoin amid the ongoing coronavirus pandemic and ahead of the mining reward halving, said Wayne Chen, CEO of Interlapse Technologies.

Custody During COVIDBitcoin wallet startups are reporting anuptick in users and profitsamid the market disruption caused by COVID-19. An event like that [pandemic] makes people think about how they are storing their bitcoin,"Will Cole, Unchaineds chief product officer, said.

Parental HelpIntercontinental Exchange, theparent company to Bakkt, spent close to $300 millionhelping the bitcoin warehouse acquire loyalty rewards provider Bridge2 Solutions. Bakkt announced it would acquire Bridge2 in February, while simultaneously raising a $300 million Series B funding round with participation from Microsoft's M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital and Pantera Capital.

Mining MoneyArgo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported an11-fold increase in revenuesfrom the year before. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin last year.

Validating TopazTop-five mining pool OKEx Pool will trial Ethereum 2.0s new testnet. Collaborating with Prysmatic Labs, the mining pool dedicated to proof-of-work consensus models will become a validator for the experimental proof-of-stake Topaz testnet. (Decrypt)

Static EtherEthereans are hodling. Data firm Glassnodes has found more than 77% the outstanding ETH supply has not moved in six months. (The Block)

Open to OperateSan Francisco-based cryptocurrency exchangeOKCoin is now cleared to operate in Japan,a nation known for its tight licensing requirements. The exchange began the arduous process of applying for regulatory approval in 2017. CoinDesk's Nathan DiCamillo breaks down why they went through the ringer.

Blockchain for UBIA Zurich-based startup has built a proof-of-personhood protocol to disseminate universal basic income (UBI) to the unbanked. Encointer, backed by the Web3 Foundation, plans to distribute a cryptocurrency for use within a designated locality among willing participants. (Decrypt)

Is Bitcoin Boring?Despite the enthusiasm leading into Bitcoins third halving event, expected in less than two weeks, on a technical level nothing really changes. The BlocksMike Orcuttdigs into the cultural significance of this mundane happening, when Bitcoins code automatically splits its mining subsidy.

Class ActionA district court judge has granted preliminary approval to a$25 class-action claimmade against Tezos. Litigants are suing Tezos alleging its initial coin offering violated U.S. securities laws. (Paywalled)

On FireBlockchain startup Fireblocks reported $30 billion in digital asset transfers using its services. Launched less than a year ago, the company will also open new offices in Singapore and Hong Kong. (Forbes)

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Who Won #CryptoTwitter?

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Whales and American Buyers Drive Bitcoin Rally - CoinDesk

Bitcoin and cryptocurrencies have long struggled to find their place on some of the world's biggest technology platforms.

Twitter, whose chief executive Jack Dorsey has emerged as one of Silicon Valley's biggest bitcoin proponents, is plagued by crypto scamsdespite the likes of Tesla boss Elon Musk raising concerns.

Now, some influential members of the bitcoin and crypto community have complained Twitter has "shadow-banned" them, limiting their reach and impressions.

Twitter chief executive Jack Dorsey has praised bitcoin and cryptocurrencies but has previously ... [+] admitted Twitter needs to improve its algorithm.

"Theyre doing it, people," tech investor and founder of bitcoin and cryptocurrency news and analysis website The Block, Mike Dudas, said. "Crypto Twitter has been shadow-banned. Ive noticed this on my account this week."

Dudas was commenting on a complaint made by crypto developer Anthony Sassano who said: "Any tweets that I post get way less impressions than normal."

"I think [Twitter] limited tweet reach [and] impressions," said Neeraj Agrawal of Washington D.C.-based cryptocurrency policy think tank Coin Center.

"I started using LinkedIn again out of desperation," added partner at blockchain-focused venture capital fund, Castle Island Ventures, Nic Carter.

Twitter has yet to respond to a request for comment.

Twitter, just like most big technology platforms, regularly tinkers with its algorithm and it's possible that in an attempt to crack down on bitcoin and crypto scams, authentic accounts have been targeted.

The reports of shadow-banning come as the bitcoin community gears up to one of the biggest events in its 10-year history.

On May 12, the number of bitcoin rewarded to those that maintain the bitcoin network, known as miners, will be halved for the third time, dropping from 12.5 bitcoin per block to 6.25.

It's unclear how the looming supply squeeze will impact the price of bitcoin, however, many expect bitcoin and crypto trading volume to spike in the run up to May 12with a surge of media attention potentially pushing up the bitcoin price.

This week, the bitcoin price has soared almost 20%, making it one of the best performing assets so far this year.

Meanwhile, Twitter is embroiled in an internal battle that could see it drastically change how it deals with some of its most influential users, including U.S. president Donald Trump.

Earlier this year, Twitter was rocked by news the powerful Wall Street activist investor Elliott Management has bought $1 billion worth of Twitter stock and is working to oust co-founder Jack Dorsey from the company he helped build.

Dorsey, one of the tech world's biggest bitcoin cheerleaders, has spoken highly of bitcoin, crypto and blockchain technologygoing so far as to create a crypto division of his payments company Square to work on bitcoin development full-time.

Dorsey's Twitter bio currently reads, simply: #bitcoin

The bitcoin price has soared this year, boosted by excitement around the looming halving event and ... [+] global efforts to shore up the economy ravaged by coronavirus lockdowns.

Dorsey'sgrowing interest in bitcoin and cryptocurrencies has, however, caused him problems.

Dorsey attracted criticism from Twitter and Square investors last year whenhe promised to spend from three to six months in Africa to explore cryptocurrency opportunities in 2020. He has since cancelled the trip due to the coronavirus pandemic.

Silicon Valley's fraught relationship with bitcoin and cryptocurrencies has deteriorated in recent years as some of the world's biggest technology companies increasingly look toward financial services to bolster advertising revenue.

Toward the end of last year, Google sparked an ongoing war with the bitcoin and cryptocurrency community by removing many bitcoin and cryptocurrency videos from its video-sharing site YouTube in what was branded a "crypto-purge."

YouTube was quick to reverse most of the video removals, claiming they were made in error, however, crypto content has reportedly been targeted by attempts to limit the spread of false information amid the coronavirus pandemic.

Read the original here:
Twitter Accused Of Shadow-Banning Bitcoin And Crypto Accounts - Forbes

Traders work in a trading pit at the Chicago Board Options Exchange, Monday, Dec. 11, 2017, in... [+] Chicago, as they trade S&P 500 Options, unrelated to bitcoin futures. Trading in Bitcoin futures began Sunday on the CBOE. (AP Photo/Kiichiro Sato)

The Bitcoin price increased by 22 percent in merely two days, catching major investors in the cryptocurrency market off guard. It surged past several key historical resistance levels to peak above $9,400. But, BTC now faces a reversal in the short-term as large Bitcoin holders look to take profit from the recent rally.

According to a cryptocurrency options trader known as "Theta Seek," several over-the-counter (OTC) desks saw record high levels of sell-off as the Bitcoin price hovered over $9,000.

When BTC initially increased above $8,000, it broke its 200-day simple moving average (SMA), 200-day exponential moving average (EMA), and the 0.618 Fibonacci level calculated in between $3,600 and $14,000. These three levels are considered as the most crucial levels in technical analysis, especially in evaluating long-term trends.

As Bitcoin rapidly broke out of the $8,000 region onto the $9,000s, data shows that investors rushed to sell the dominant cryptocurrency in the $9,000 to $9,400 range.

"Spoke to a couple of OTC desks and heard that there were record amounts of BTC being sold at above 9K,." the trader said.

The abrupt upsurge of sell orders in the OTC market coincided with stacking sell orders on the OKEx futures exchange. OKEx is one of the two exchanges alongside Huobi that formed a relationship with the government of China to facilitate trades for Chinese investors.

Bitcoin researcher Nik Yaremchuk shared the orderbook of OKEx on top of the price chart of Bitcoin, and it showed significant selling pressure above $9,000.

Bitcoin orderbook on OKEx shows stacked sell orders

Based on market data from Skew, OKEx now has the highest open interest for Bitcoin futures in the global market at $710 million, as it overtook BitMEX. As such, the selling pressure coming from OKEx can have a strong effect on the short-term price trend of BTC.

One variable that could sustain the momentum of Bitcoin in the upcoming two weeks approaching the block reward halving is all-time high volume on top spot exchanges.

Binance, Coinbase, and several other leading spot platforms saw record breaking volumes in the last three days. It led to the theory that the recent Bitcoin price spike was primarily triggered by actual demand from retail investors rather than spoof orders in the futures market.

Daily Bitcoin spot exchange volume verified by Bitwise Asset Management

When a Bitcoin rally is triggered off of highly leveraged trades in the futures market, it leaves BTC susceptible to a severe correction in the near-term. In October 2019 and February 2020, as an example, the Bitcoin price fell from $10,500 to $6,400 within a month after surpassing $10,000.

Accumulation of BTC in the spot exchange market strengthens the fundamental basis of an extended Bitcoin recovery. It reduces the risk of a steep downtrend in the intermediate-term and wild price swings in the short-term.

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Bitcoin Rally Faces Steep Reversal As OTC Desks See Record High Bitcoin Sell-Off at $9k - Forbes

Another week, another round ofCrypto Tidbits. Bitcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $9,500 over 25% higher where it started this week. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both gaining around 10% over the past seven days.

Cryptos strength this week comes as the stock market hasstarted to stagnate in the 2,800-2,900 point range, seemingly playing with the idea of a reversal as the economic outlook remains dismal, with a total of 30 million Americans filing for unemployment over the past month.

Jerome Powell, Chairman of the Federal Reserve, went as far as to say that the U.S. economy is currently in its worst rut in history due to the outbreak of COVID-19. The recovery will not be V-shaped, Powell added, asserting that it may take a while for life to return to pre-virus levels due to the long-lasting effects of the shutdown of the worlds biggest economic powerhouse.

Whatever the case, analysts are still bullish on Bitcoin.

Roch Rosenblum, the co-head of trading at GSR, remarked to Bloomberg that the ongoing BTC rally is predicated on the macroeconomic environment:

This latest run past$8,000is as much about positive macro sentiment as it is about the upcoming halving. Were starting to have a lot more certainty, as more countries begin to share their plans to reopen the economy in May.

Chart from Coin360.io

This optimism was echoed by Zac Prince, a co-founder of crypto startup BlockFi, who said that the current market dynamics are driving a bolstered interest [for] digital currency. These dynamics he was referencing was the Federal Reserves commitment to money printing and the growth in stablecoins.

Read more from the original source:
Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears - newsBTC

Stoners and gamers have turned to Bitcoin during the coronavirus lockdown, as web-based sales of both essentials increased during the pandemic.

Revenue for video game and cannabis sales using bitcoin saw a 50% increase among the 100 e-commerce merchants surveyed by Blockonomics. The research states:

Cannabis orders are up: people are buying more weed than ever, with revenue up over 50%. I mean, what else are you going to do at home?

Likewise, the lockdown has also turned people towards video games as a means of distraction. The data do not specify whether the people buying cannabis were the same people buying video gamesbut experience suggests there might be a slight overlap.

Two other business sectors also saw an increase in bitcoin-based sales web-hosting, and nutritional supplements. The Blockonomics article states:

Nutritional supplements also saw an increase of revenue of up to 50%, as people continue to look for alternative ways to stay healthy (possibly in response to empty food shelves at the grocery store).

While web-hosting services saw a marked increase in revenue, the same cannot be said for all digital products. In fact, 75% of respondents said they witnessed a decrease in bitcoin-based revenue during the lockdown.

No website that offered digital products saw an increase in revenue, 25% of respondents reported no change in revenue, while the remaining 75% saw decreases.

So even though everyone is staying home, that has not manifested in a transparent boost to typical digital products. As the article speculates, this can likely be explained by people putting a greater focus on buying essential physical goods, which are at threat of being lost in a potential supply-chain slowdown.

Almost half of the store owners surveyed revealed they were holding on to any bitcoin they received, while over 10% said they were continuing to buy even more. The article states:

Our e-commerce store owners continue to be major believers of Bitcoin: 44.9% of the respondents have decided to hold on to 100% of their Bitcoin during this time, with 10.2% additionally buying Bitcoin.

So, as gamers and cannabis users continue to part with their BTC, store owners are only too happy to hold on to it. That might have something to do with bitcoins 102% increase in value over the past month and a half.

This article was edited by Sam Bourgi.

Go here to see the original:
Covid and Chill? Bitcoin Used to Buy Weed & Video Games Amid Lockdown - CCN.com

Bitcoin, Ethereum, and Ripple bears took control this Thursday to correct this Wednesdays bullish action. The price action of the coins look like this:

Alternative.mes fear and greed index has kept steady around 40, and the current market sentiment is still in the fear region. This indicates that there is still some upside potential for Bitcoin.

ETH/BTC has gone up from 0.0239 to 0.0241 but has failed to keep pace with the green Ichimoku cloud. Bulls must gather enough momentum to break past the 0.0243, the SMA 50 and 0.0248. On the downside, there are healthy support levels at 0.0239 and 0.0235. The MACD shows increasing bearish momentum, while the Elliott Oscillator has had six straight red sessions.

BTC/USD is currently consolidating in a flag formation below the $9,000 level. The price is sitting just below the upper curve of the 20-day Bollinger Band. On the upside, the price faces strong resistance levels at $9,161.75 and $9444.58. This means that the price can go up to the $9,000-level before encountering resistance. On the downside, there are two healthy support levels at $8,616.20 and $8,191.90. The RSI indicator is hovering at the edge of the overbought zone, showing that the asset is a bit overpriced and may face short-term bearish correction.

The daily ETH/USD chart is consolidating below the $215-level within the triangle formation. The price faces three strong resistance levels at the upward trending line, $224,78 and $232. On the downside, healthy support levels lie at $206.50 and $198. The RSI is hovering right next to the overbought zone, while the Elliott Oscillator has had eight straight green levels.

XRP/USD fell from $0.2178 to $0.217 in the early hours of Saturday. This Friday, the price encountered resistance at the 20-day Bollinger Band upper curve and fell down. The widening of the jaw shows increasing price volatility. If the bulls gain back momentum, theyll need to overcome resistance at the $0.225 line and the SMA 200. Following that, the next resistance level of note lies at $0.2377. On the downside, there are two healthy supports at $0.2125 and $0.203. The Elliott Oscillator has had eight straight green sessions, while the MACD shows increasing bullish momentum.

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Top 3 Price Prediction Bitcoin, Ethereum and Ripple: Consolidation period starts as bulls and bears cancel each other out - FXStreet

Bitcoin-friendly electronics giant Samsung is teaming up with digital currency payment platform Swipe to add a cryptocurrency payment feature to its Samsung Pay wallet.

Users of the Samsung payment app can now settle their transactions using cryptocurrencies by adding the Swipe Visa debit card into their Samsung Pay wallet. The collaboration allows cardholders to fund their Swipe card with crypto and use it for payments anywhere Visa is accepted. Users can pay through their smartphones, smartwatches, or any other device that runs Samsung Pay at over 50 million locations across the globe.

Swipe chief executive Joselito Lizarondo says that the partnership helps prioritize the needs of their customers in a time of a global pandemic.

This integration and relationship with Samsung will open cryptocurrency adoption and make transactions with our Visa card in Euros converted by crypto seamless. Given the current COVID-19 situation, and people steering away from physical products like cash and in some instances cards, a digital solution really helps put our clients needs first.

The move highlights Samsungs continued effort to integrate cryptocurrencies into its ecosystem. Recently, the electronics giant added Tron in the Samsung Galaxy Store allowing users in the US and UK to download decentralized applications on their phones.

Featured Image: Shutterstock/H_Ko

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Bitcoin-Friendly Samsung Powers Swipe Visa Integration for 50 Million Locations, Expanding Cryptosphere - The Daily Hodl

U.K based fraud detection firm, Cifas, warns investors on the skyrocketing cases of fraud involving Bitcoin payments and donations. The firm states the current program by the World Health Organization (WHO) to donate BTC directly to its wallet is one of the websites facing the highest cases of Bitcoin fraud.

According to the report, there has been an increasing case of phishing and Bitcoin-related fraud as the world adjusts to the CoronaVirus pandemic. The epidemic has seen a number of donation websites come up in a bid to fight the spread of the virus but fraudsters have taken up this opportunity to scam users off their money.

Cifas claims the WHO emailing and texting service have been cloned by fraudsters to ask for donations from unknowing citizens. Bitcoin scams boosted on the WHO plea, some asking users to send their donation to a BTC address not registered to WHOs COVID-19 Solidarity Response Fund.

Furthermore, fraudsters send users a WHO-like email using the address ([emailprotected]) to make the scam look more realistic. The detection firm asked users not to send any donations to suspicious-looking addresses but only to donate on the official WHO pages.

Notwithstanding, phishing scams have also graduated to target institutions and companies using Her Majestys Revenue and Customs (HMRC) job retention scheme to scam people. In a statement released earlier in the week, HMRC urges everyone to be vigilant during this period. The statement further reads,

Companies to beware of unsolicited emails, texts or phone calls that are requesting financial details or other sensitive information and claim to come from the HMRC or similar authorities.

Summary

Article Name

Bitcoin Fraudsters On The Rise Using WHO Addresses To Solicit Fake COVID-19 Donations

Description

U.K based fraud detection firm, Cifas, warns investors on the skyrocketing cases of fraud involving Bitcoin payments and donations. The firm states the current program by the World Health Organization (WHO) to donate BTC directly to its wallet is one of the websites facing the highest cases of Bitcoin fraud.

Author

Lujan Odera

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Coingape

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Bitcoin Fraudsters On The Rise Using WHO Addresses To Solicit Fake COVID-19 Donations - Coingape

This week has been one of the best so far this year for BTC prices. Since the same time last weekend, it has surged by 17%, outperforming traditional stocks and commodities yet again.

Observers and analysts have noted that Bitcoins yearly moving average is back up from its 2018 slump, and is approaching its previous all-time high.

This does not mean that prices are approaching ATH, but the accumulation of the averages over the year is.

BTC yearly MA [@YassineARK]Speaking of moving averages, this weeks rally has resulted in BTC crossing the long-term 200-day moving average. The last time this happened with such a large daily candle was in mid-January when BTC surged from $8,900 to top out at $10,400.

The 200 and 50-day moving averages have served as support and resistance levels throughout Bitcoins life cycle, and trading above both is generally very bullish.

The weekly chart is also looking positive at the moment with seven green candles in a row. The last time this happened was in March 2019, just before the big rally to $14,000. BTC is also trading above both the 200 and 50-week moving averages which is extremely healthy.

The next major resistance zone is around $9,700, but Bitcoin really needs to top its previous high of $10,500 for a real bull run to be registered. Forming a lower-high at the moment could result in further downsides and the resumption of the downtrend.

This weeks rally has also had the effect of increasing Bitcoins dominance as it outperforms its altcoin brethren.

BTC dominance has been on a downward trend since September 2019, and it has remained below 70% for most of this year.

BTC dominance has increased two percent this week to 66.5% according to the charts. This means that it has gained at the expense of altcoins which have all lost long-term ground, despite enjoying gains in price this week.

Altcoin traders have been looking at the charts noting that a climb in BTC market share is bad for altcoins as they have weakened in terms of satoshi values. Altcoin Sherpa [@AltcoinSherpa] has correlated these BTC dominance gains with the seasons, adding;

BTC.D has risen hard in the summers the last few years, crippling altcoins during this time. June is a good time to exit all altcoins IMO.

Bitcoins halving appears to be driving momentum at the moment and is only ten days away now.

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Disclaimer. Read MoreRead Less

As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article.This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments including but not limited to any that appear in the contents of this article.

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Bitcoin Yearly Moving Average Price Closes in on All-Time High - BeInCrypto

The growth of the Bitcoin market has brought forth a new type of trader the Bitcoin, or cryptocurrency, trader. These traders thrive on high risk and big volatility, and know-how to master the new and nascent digital asset markets. However, they also have a good eye for opportunities across the board.

The Bitcoin market has also started melding with traditional ways of trading thanks to derivative trading and CFDs becoming popular among the Bitcoin community members. Now, these traders who may have found their niche in Bitcoin are happy to jump across to other traditional markets too, especially in this time of the Covid-19 pandemic. Lets find out why they consider opportunities outside the crypto trading space.

The Covid-19 impact on the traditional markets has been drastic. Stock indices have dropped substantially, the May futures for Oil have dropped to a never before seen price of zero and below, but then there is gold which is pushing new heights while certain forexes have fallen to new lows.

Strangely, after the Bitcoin fall in March, the coin has rebounded and stayed relatively stable in the range of $7,000 $9,000. Bitcoin is known for its volatility, and this is what attracts the Bitcoin investors, but they have been forced to look elsewhere.

But, being savvy crypto investors, these traders have been looking for a place where they can use their Bitcoin and digital assets to make trades within the legacy markets which do not often cross over with the cryptocurrency side of things.

It is clear why Bitcoin traders want to make this jump to traditional legacy markets as these are now the ones presenting the best trading opportunities, but it is less certain as to how they can manage this. Looking at the options, there are not too many good ones for people who have Bitcoin to make trades on traditional assets.

Most cryptocurrency exchanges such as Binance, BitMEX, and Bitfinex have almost no interest in offering their users a chance at markets other than Bitcoin, and a few altcoins. But even with altcoin offerings, there is not much attraction as these markets have more incalculable risks at a time like this.

More so, major CFD and forex brokers do not offer the kinds of leverage and options that Bitcoin traders are used to, and more than that, they usually have strict and stringent Know Your Customer procedures in order to start trading and, of course, there are basically none that offer a chance to use Bitcoin to make such trades or fund accounts which leads to the need to use wire transfers making it far less global as well.

With all that said and done, there are Bitcoin traders who have managed to cash in on the volatile, yet favorable, market conditions in the legacy market, and done so quickly, and easily, and with their Bitcoin.

PrimeXBT, a Bitcoin-based exchange offers a strong value proposition and entry into the traditional markets. The award-winning platform not only opens up the world of Bitcoin trading, but it also gives access to the worldwide market from a single, Bitcoin funded, account.

It is also quick and efficient as PrimeXBT only requires a simple signup, email confirmation, a small funding of your PrimeXBT wallet with BTC and you are ready to start trading over 50 global markets including commodities, such as Gold, Silver and Oil, Indices, Forex currencies and of course, Cryptocurrencies.

The decision to not require KYC documents also works in favor of traders who want to get trading quick as there is no wait time but it also offers enhanced privacy and data protection. Recently, there has been a spate of data leaks and hacks which have led to peoples sensitive information, like their passports and residency information leaked to the dark web, and sold off. This is why PrimeXBT respects user privacy and requires no individual information from clients.

More so, the platform not only allows for traders to use Bitcoin to fund their traditional trading, it adds high leverage that has become so popular and common in Bitcoin trading. High leveraging allows traders to make big profits by essentially allowing the trader to open positions much larger than their own capital. It is of course risky, but when markets are like they are, it is a good chance to multiply profits up to 1,000 on stock indices, forex, and commodities.

What makes PrimeXBT even more inviting is that its trading terminal is extremely user friendly, and for Bitcoin traders who want to enter into the traditional side of things, it is easy to customize the terminal and make it comfortable for what they are used to. But even more than that, there are advanced trading tools that come alongside the built-in charting software. The offering of long and short positions is vital for traders to profit when markets are dropping, while there are also hedge positions and stop-loss orders to use.

Finally, this is a scary, but exciting, time to trade and that is another reason why PrimeXBT is such a good option as they not only have bank-grade security that uses address whitelisting, two-factor authentication and Cloudflare DDoS Protection, but also offer 24/7 customer support chat and are always available on email and Telegram should things not work out.

Signup and start trading global markets in just 40 seconds with PrimeXBT. Fund your account with Bitcoin and trade from as low as $10.

Disclosure:This is a sponsored post brought to you by PrimeXBT. For more information on our rates for sponsored posts, please see ouradvertising page.

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PrimeXBT: Why Bitcoin traders switch to other markets - CryptoSlate