Crypto exchange Bityard has launched forex trading service for global investors
BANGKOK, THAILAND - Media OutReach - 26 March 2021 - Bityard, the world’s leading cryptocurrency derivative exchange, has launched its forex trading service in more than 150 countries. From now on, the contract for difference (CFD) trading pairs on Bityard cover multiple asset types including cryptocurrency, index, commodity, and forex.
Facing possible coming drop of active crypto traders, Bityard begins to offer forex trading service, providing more options for global investors.
Before the bull market started in 2020, Bityard focused on its crypto CFDs service, which allowed Bityard users to make profits with smaller cryptocurrency market price fluctuation. When Bitcoin prices went up in late 2020, Bityard launched spot trading service to let its users buy and sell Bitcoin as well as other types of popular altcoins. Bityard aims to provide different types of trading services, which helps global users to trade and invest in crypto assets in both bull and bear markets.
The bull market began with the large amount of Bitcoin purchase and hold actions from many institutes including Greyscale, and Bitcoin have surpassed its all-time high record multiple times since then. Due to increasing profit taking actions by some of the institutes, Bitcoin price became more unstable and went down many times. Right now, there is not yet any clear sign showing that the bull market is over, but current asset selling actions from big crypto investors might indicate that Bitcoin is somewhere near its peak in the current bull run.
Fortunately, global investors still can switch to crypto CFDs or trade other type of assets to make profits on Bityard if the crypto bull market really ends early.
The Crypto Daily – Movers and Shakers – March 28th, 2021
A mixed start to the day saw Bitcoin fall to a mid-day intraday low $54,010.0 before making a move.
Steering clear of the first major support level at $52,529, Bitcoin rallied to a late intraday high $56,655.0.
Bitcoin broke through the first major resistance level at $56,229 before falling back to sub-$56,000 levels.
The near-term bullish trend remained intact in spite of the recent pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Saturday.
Cardano’s ADA and Polkadot fell by 3.08% and by 3.05% to lead the way down.
Chainlink (-2.03%), Crypto.com Coin (-0.59%), and Ripple’s XRP (-3.42%) also saw red on the day.
It was a bullish day for the rest of the majors, however.
Binance Coin rallied by 5.49% to lead the way.
Bitcoin Cash SV (+2.77%), Ethereum (+0.82%), and Litecoin (+0.23%) also joined Bitcoin in the green.
In the current week, the crypto total market rose to a Monday high $1,802bn before sliding to a Thursday low $1,517bn. At the time of writing, the total market cap stood at $1,707bn.
Bitcoin’s dominance rose to a Wednesday high 62.24% before falling to a Friday low 60.17%. At the time of writing, Bitcoin’s dominance stood at 61.08%.
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