BHEX Daily Crypto Watch(Jan 30, 2020) – Bluehelix (BHEX)
Bluehelix is the leading DeFi Services & Tech Provider and is dedicated to providing world-class professional financial trading and assets management services. Bluehelix has businesses of BHEX Exchange, Bluehelix Cloud, and Bluehelix Chain. The in-house developed Bluehelix decentralized blockchain-based assets custody and clearing system serves more than 120 BlueHelix Cloud Partners with 5 million end-users with custody of more than 6 billion USD worth of assets.
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What is Perpetual Contract?
Perpetual contract is a derivative product that is settled in digital tokens such as Bitcoins (BTC). Traders enter either into a long (profit from upward trend) or short (profit from downward trend) position. Available leverage ranges from 1–100x.
Find out more about BHEX Perpetual Contract
The Federal Reserve announced that interest rates will remain unchanged at 1.5 to 1.75 percent to give a modest boost to the economy by encouraging more lending and home-buying.
The city of Zermatt Switzerland has officially allowed taxpayers to pay in Bitcoins (BTC). It is the second city in Switzerland to accept BTC.
Data from Intercontinental Exchange (ICE) shows poor performance on Bakkt Bitcoin option with zero trading volume from January 20th to 24th.
Tom Lee, Co-founder of Fundstrat said Bitcoin has broken the 200-day moving average (DMA), which means that Bitcoin has now entered the bull market again.
A new report released by Glassnode shows the number of Bitcoin holders has grown 28 times in just seven years. Moreover, half of the Bitcoin holders owned less than 0.001 BTC.
Market Situation:
The total cryptocurrency market capitalization is U.S. $ 256 billion U.S. dollars (+2.25%) and the 24h trading volume is U.S. $ 119 billion U.S. dollars (+1.52%). Bitcoin encountered resistance near 9400 and it fell slightly to around 9270.
Amongst the leading cryptocurrencies, ETC, DASH and ZEC performed relatively well, partly due to the upcoming halving.
(The above is an opinion, not financial advice)
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Published at Thu, 30 Jan 2020 08:21:39 +0000
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