KUALA LUMPUR, MALAYSIA – Media OutReach – 15 February 2022 – The cryptosphere is rattling through a rough phase, to say it mildly.
Bitcoin reached its all-time high on 8 November with a price of 67,566 U.S. dollars and experienced a downtrend until recently. As of this writing, bitcoin has recovered to 42,458 U.S. dollars from a chilling 34,774 U.S. dollars (minus 48.53% from the previous all-time high), taking the entire altcoin market with it down this spiral. For some time, industry experts were beginning to expect a comprehensive bear market to unfold before turning bullish again.
Then again—from an investor’s mindset—this is exactly what most should be waiting for. The famous investor Warren Buffet made expert use of the bear market that unfolded in 1973–1974 by buying assets while most market participators were in fear of acting.
If one goes back even further in history, at the dawn of the 19th century, the prominent banker Baron Rothschild is reported to have said: ‘Buy when there’s blood in the streets, even if the blood is your own’.
For Forex trading, this is irrelevant since one can trade the up- as well as the downside of the fiat and cryptocurrency markets.
And up until recently, the global Forex broker offered its cryptocurrency trading only Mondays through Fridays.
The fintech company went a step further for 2022’s first quarter by launching its new weekend time frame option—it officially started on 5 February.
These are the current cryptocurrencies pairs—all paired with the world reserve currency—touched by this service upgrade.
● BCHUSD (Bitcoin Cash/U.S. dollar)
● BTCUSD (Bitcoin/U.S. dollar)
● ETHUSD (Ethereum/U.S. dollar)
● LTCUSD (Litecoin/U.S. dollar)
● XRPUSD (Ripple/U.S. dollar)
All of these pairs come with a ratio of 1:25 maximum leverage.