Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Press Release
With the ongoing US Presidential elections, tension is rising in the crypto community as Bitcoin (BTC) whale activity declines. The coin’s price has consolidated at around $68,000 as the bulls fight for dominance in the market. This significant decline can be tied to the upcoming elections, as some whales tie Bitcoin volatility to risks like election outcomes, fiscal policies, and political instability
Focus is shifting to promising altcoins that cannot be affected by recent happenings. FXGuys ($FXG) is drawing the most attention, with a proprietary trading ecosystem that offers traders access to multiple markets & assets, alongside advanced tools and analytics. Explore the volatile effects of BTC and the features of this new ICO blockchain project.
Bitcoin (BTC): Continuous Liquidations and Decline in Whale Net Inflow Point to Volatile Market
Bitcoin has seen a significant decline in trading activity from whales as large-holder net inflows plunge from 38,800 BTC to 258 BTC. The data provided by IntoTheBlock shows this difference between October 20 and October 26, highlighting possible anxiety ahead of the November 5 election. BTC liquidations are hovering around $47 million, according to Coinglass, with a mid-range distance between longs, $23.02 million and shorts, $13.67 million.
Analysts are positive about the token’s trajectory as it is yet to enter the panic zone, sporting a 96% increase in its daily trading volume. US-based spot BTC exchange-traded funds have recorded a net flow of $402 million, with BlackRock’s iShares Bitcoin Trust ETF leading by $292 million. The US presidential election is expected to cause turbulence, turning investors to $FXG, the presale crypto that offers more certainty of ROI.
FXGuys ($FXG): PropFi Trading on the Blockchain
FX Guys, a decentralized broker and proprietary trading firm, has launched its ecosystem on the crypto blockchain with a focus on improving experiences for traders. The platform offers access to multiple assets like forex, commodities, indices, and crypto through its custom trading platform, FXGuys Trader. Through its ecosystem, FXGuys traders can also access established platforms like MT5, Match-Trader, cTrader and DXtrade, depending on their location.
To boost trading activity and volume, this presale crypto project offers a Trade2Earn program that awards traders $FXG tokens for every completed trade. Traders are awarded regardless of profit or loss, driving demand for the token and improving user engagement on the platform. The FXGuys platform thrives on a user-centric model and is one of the few DeFi projects that offers a no-buy-or-sell tax policy, preventing extra transaction fees.
FXGuys ($FXG) Native Token: Heightened Growth Potential
$FXG tokens power the FXGuys trader funding program, where retail traders can enter trading challenges. Winners will earn access to accounts with up to $500,000 in trading capital and an attractive 80/20 profit-sharing arrangement in their favor, maximizing their earning potential. Early investors can currently acquire $FXG at a DeFi coin price of $0.03 during the first stage of the public presale.
The ICO blockchain offers a staking protocol that rewards both active traders and passive token holders with a 20% share of profits and revenue from broker trading volume. This mechanism has helped drive significant interest in the presale, which has already seen over 112 million tokens purchased. The first stage is now at 78% completion, and the token price is set to increase to $0.04 in stage 2.
Conclusion
Bitcoin whale activity amid the Trump vs. Harris has shown heightened significance as whales hedge against fiat currency risks. $FXG promises a 33% increase in stage 2 and a minimum ROI of 200% upon launch at a DeFi coin price of $0.1. With perks like rewards, passive income, APY, and platform profit share, interest in this token is set to skyrocket in the coming weeks.
To find out more about FXGuys follow the links below:
Website | Whitepaper | Socials | Audit
Exclusive FXGuys Promo Code:
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.