At the dawn of a potential bullrun to come on the cryptocurrency market, discover the essential offer from the international and multi-regulated broker RaiseFX!
Why should you open a trading account with RaiseFX to trade cryptocurrencies?
RaiseFX is a multi-awarded and multi-regulated global CFD online brokerage. Contracts for Difference (CFDs) are financial instruments that enable speculation on both upward and downward movements in an underlying asset without the necessity of actual ownership. Trading CFDs offers numerous advantages. Traders can engage in speculation on the price decline of a cryptocurrency, which might not be feasible on a conventional crypto-exchange.
Additionally, leverage allows traders to substantially amplify their exposure to the financial market, enhancing portfolio diversification. Furthermore, the fees associated with placing orders on CFDs are typically much lower compared to those on standard cryptocurrency platforms.
Prepare for the imminent arrival of Halving on Bitcoin (BTC)
Bitcoin halving, or simply “halving,” is the process of reducing the reward for mining new blocks by 50%, resulting in miners receiving half the number of bitcoins for verifying transactions.
Following its initial halving on November 28, 2012, Bitcoin surged from $12 to $42 within 100 days before reaching $964 a year later.
The second halving occurred on July 9, 2016, when Bitcoin was valued at $663; it then climbed to $2,550 a year later.
The most recent halving, which took place on May 11, 2020, propelled BTCUSD from $8,740 to $56,600 within a year.
It’s evident that the cryptocurrency community is eagerly anticipating the fourth halving, with the prevailing consensus anticipating a repetition of historical patterns for the fourth time.
Bitcoin hits new annual high above $37,000
The dominant force in the cryptocurrency market appears to be emerging from a turbulent period. Since its previous peak above $68,000 in November 2012, the leading cryptocurrency has undergone a continuous correction, settling at $16,500 a year later.
This substantial downturn instilled panic among traders and introduced uncertainty among dedicated crypto investors. However, recent market speculation, hinting at the potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), has led to a remarkable recovery, with the cryptocurrency now exhibiting a yearly surge of over 100%.
The consensus is now unanimous, with all indications pointing toward a positive trend coinciding with the upcoming halving. Familiar with the age-old stock market adage, “buy the rumor and sell the news,” one might wonder if the current ascent of the leading cryptocurrency reflects the anticipation of this impending halving.
Only time will provide clarity, but regardless of the outcome, the blockchain and its intricate ecosystem are evolving into a fertile ground for volatile opportunities. This growing allure is increasingly capturing the interest of investors worldwide.
Trade over 120 cryptocurrencies under the best conditions!
RaiseFX stands out from the competitive landscape by offering users the opportunity to trade an extensive selection of more than 120 cryptocurrencies.
Ethereum, Tether, Ripple, Polygon… this diversity gives traders the opportunity to speculate on major cryptocurrencies but also alt-coins and emerging ones.
Whether you identify as a scalper, day trader, or swing trader, the low cost of placing orders will enable you to enhance the profitability of your trades!
What are you waiting for to diversify your portfolio with RaiseFX?
In summary, owing to its vast selection of over 120 cryptocurrencies, and steadfast commitment to security, we firmly believe that RaiseFX stands out as an indispensable trading partner for diversification among cryptocurrency trading enthusiasts.
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