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What is the reason for this wave of BTC rise?
US policies push Bitcoin to new highs
In 2024, the United States released a series of positive signals in the field of cryptocurrency:
June: Trump publicly supported “American-made Bitcoin” on Truth Social.
July: The Republican Party proposed a number of policies to support the development of cryptocurrency for the first time.
July 27: At the Bitcoin Conference in Tennessee, Trump first proposed the concept of “strategic Bitcoin reserves”.
November: Tesla CEO Musk helped Trump win the election. His company Tesla holds 9,720 BTC and frequently endorses cryptocurrencies.
From the beginning of August to now, the price of Bitcoin has risen from $53,000 to $98,000, an increase of more than 80%. In this wave of growth, how to seize the opportunity and quickly accumulate BTC with limited funds has become the core concern of investors.
As Bitcoin is about to reach $100,000, there is no doubt that it may surge or plummet at any time. Smart traders have quietly used high-leverage crypto derivatives trading platforms to trade, whether it rises or falls, they can seize the opportunity to make money.
First, you need to find a platform with 100x leverage and risk-free simulated trading, then learn and test your trading strategy until you think you are fully familiar with leveraged trading and have the ability to make profits before trading with real money.
What Is 100x Leverage and How Does It Work?
Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:
Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.
One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.
With BexBack’s deposit bonus
BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.
Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.
How Does the 100% Deposit Bonus Work?
The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.
About BexBack?
BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Hong Kong, with offices in Singapore, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 100,000 traders worldwide. There is no deposit fee, and traders can get the most thoughtful service, including 24/7 customer support.
Why recommend BexBack?
No KYC Required: Start trading immediately without complex identity verification.
100% Deposit Bonus: Double your funds, double your profits.
High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.
Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.
Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.
Convenient Operation: No slippage, no spread, and fast, precise trade execution.
Global User Support: Enjoy 24/7 customer service, no matter where you are.
Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.
Take Action Now—Don’t Miss Another Opportunity!
If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.
Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!
*This article was paid for. Cryptonomist did not write the article or test the platform.
