Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

Octa crypto snapshot: will investors continue to buy Bitcoin after the halving?

On the night of 20 April, the Bitcoin network experienced its fourth halving. Having broad general economic implications, this process is important for the entire cryptocurrency world and not solely for Bitcoin holders.

The 2024 Bitcoin halving, which crypto investors have been expecting for four years, has been finalized. The reward per block has been reduced from 6.25 BTC to 3.125 BTC. The next cut will occur in 2028, with the reward reduced to 1.5625 BTC. The ultimate 64th halving will occur around the year 2140, which will mean that all 21 million coins have been mined, and the issuance of new Bitcoins will cease. Once this happens, the miners will have to find other ways to make money in the crypto world.

How does halving affect the Bitcoin price?

At the time of writing, the Bitcoin exchange rate is around $57,000. Many analysts expect the halving to catalyze further BTC price growth in the long term.

Historically, with each new cycle following a halving event, the price of Bitcoin reached a new high. For example, in late 2013, about a year after the first halving, Bitcoin reached the $1,200 mark. The next market cycle peaked at $20k per Bitcoin in late 2017 and went up to $69k in late 2021 before collapsing again. However, in the last six months, the value of BTC has already risen by about 140%. In comparison, over the same period, the price of Ethereum, the second most crucial cryptocurrency, has only increased by 85%.

‘The current situation is unique: Bitcoin, for the first time, exceeded the previous high before halving, reaching $73,000 in March 2024′, said Kar Yong Ang, Octa Broker financial analyst. He added that demand from the U.S. bitcoin ETFs launched in January was a vital factor in that price rise.

At the same time, miners’ revenues will drop by exactly half. As a result, they will have to spend twice as much time and twice as much electricity to get the usual amount of cryptocurrency. And since energy is not cheap, the weakest players are expected to leave the market. In other words, we expect a supply shortage against the backdrop of increasing demand.

Conclusion

The halving of Bitcoin is a milestone in the history of the major cryptocurrency, which shows its limited issuance and inherent mechanisms to protect against inflation. Many believe that Bitcoin, with its deflationary model, is well positioned to become a reliable store of value in an unstable global economy, much like traditional gold—but only digitally.

If we draw historical parallels, Bitcoin should enter an intense growth phase around the end of 2024, after which it should exceed $200,000. The current conditions are very different from those observed in 2020 because the demand for cryptocurrency is extremely high due to ETFs, and its deficit is already felt today.

[Boilerplate:]

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilized by clients from 180 countries who have opened more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won more than 60 awards since its foundation, including the ‘Best FX Broker India 2022’ award and the ‘Most Reliable Broker Asia 2023’ award from World Finance and Global Forex Awards, respectively.

Regulatory Foresight: ZIOPTO Leadership in Global Finance

Regulatory Foresight: ZIOPTO Leadership in Global Finance

In the rapidly changing global financial landscape, ZIOPTO Exchange has demonstrated its ability to adapt to and actively influence the cryptocurrency regulatory environment. As a leading cryptocurrency trading platform, ZIOPTO not only complies with international financial regulations, but also actively participates in formulating industry standards to promote the healthy development of the entire cryptocurrency market.

Adapting to the challenges of global regulations

One of the biggest challenges ZIOPTO faces is the diversity of financial regulations in different countries around the world. Laws and regulations vary from country to country, requiring ZIOPTO to demonstrate extreme flexibility and adaptability in its global operations. To this end, ZIOPTO has established a dedicated team focused on monitoring and analyzing legal changes in global markets to ensure that the company can quickly respond to and comply with these regulations. ZIOPTO successful adaptation to global regulations not only promotes the international expansion of its business, but also enhances its competitiveness in the global market.

For ZIOPTO, compliance not only means following the law, but also a way to ensure user transaction security and enhance trust. ZIOPTO ensures the security and transparency of the platform by implementing strict anti-money laundering (AML) and customer identification (KYC) procedures. Specific cases and data show that these measures of ZIOPTO effectively reduce fraud and other illegal activities and enhance users’ trust in the platform.

Cooperation and communication with regulatory agencies

ZIOPTO maintains close cooperative relationships with financial regulatory agencies around the world. This collaboration includes not only compliance with local regulations, but also regular communication and feedback with regulators. For example, when ZIOPTO develops new trading products or services, it will discuss and evaluate the compliance of these new initiatives with relevant regulatory agencies. In addition, ZIOPTO also actively participates in industry discussions and seminars to discuss market trends and potential regulatory frameworks with regulatory agencies. This open and cooperative stance not only helps ZIOPTO better adapt to the regulatory environments of different countries, but also contributes to the healthy and transparent development of the cryptocurrency market. Through these efforts, ZIOPTO is helping to shape a healthier and sustainable global cryptocurrency market environment.

Factors influencing global cryptocurrency policy

ZIOPTO plays an important role in the formulation of global cryptocurrency policy. As a pioneer in the industry, ZIOPTO not only complies with existing regulations, but also actively participates in the discussion and formation of new policies. By providing expertise and market analysis, the company helps regulators understand the complexities of the crypto market and plays a role in developing practical and effective policies. These efforts of ZIOPTO help create a fairer and more transparent trading environment while promoting the healthy development of the entire industry.

Market trends and technological advancements have a significant impact on global cryptocurrency policy. With the continuous advancement of blockchain technology and the popularity of digital currency applications, ZIOPTO continues to adjust its business strategies to adapt to these changes. The company remains at the forefront of the market by employing the latest technologies, such as enhanced blockchain security measures and advanced encryption. In addition, ZIOPTO also pays close attention to market trends, such as the mainstream acceptance of cryptocurrencies and changes in the regulatory environment, to ensure that its strategies and services are always in line with industry standards and user needs.

Setting standards for secure transactions

ZIOPTO sets transaction security standards through a series of internal policies and technological innovations. This includes implementing rigorous user authentication procedures, employing advanced risk management tools, and enhancing system security and reliability. These measures are designed to prevent fraud, hacker attacks and other potential security threats and ensure the security of user assets and transaction data.

ZIOPTO security standards not only protect users’ assets, but also enhance the transparency of the entire market. Companies build trust with users and the market by making their security policies and operating procedures public. In addition, these efforts of ZIOPTO also provide support for the development of the entire cryptocurrency industry and promote the healthy and sustainable development of the entire industry by setting high standards.

Conclusion

ZIOPTO plays a vital role in global financial regulation. The company not only plays a role in developing and adhering to policies, but also sets new standards for the industry through technological innovation and internal security measures. These efforts not only strengthen ZIOPTO market position, but also have a positive impact on the entire cryptocurrency industry. Looking to the future, ZIOPTO promises to continue to lead and promote the development of the cryptocurrency market and provide users with secure, transparent and innovative trading services.

Company: ZIOPTO CRYPTO DATA TRADING PTY LTD

Contact Person: Vijay

Email: support@ziopto.co

Website: https://www.ziopto.co

Please note: The financial and crypto market information provided on this website consists of sponsored articles and is intended for informational purposes only. It does not constitute investment advice. Readers are reminded that crypto products and NFTs are unregulated and inherently risky. In the event of losses from such transactions, there may be no regulatory recourse. We strongly advise conducting thorough research and consulting with financial experts before making any investment decisions.

Cryptoforce India Launches their Perpetual Futures Trading

Cryptoforce India Launches their Perpetual Futures Trading

Cryptoforce, a trailblazer in the world of digital asset trading, proudly announces the launch of its perpetual Futures Trading platform. With this innovative offering, Cryptoforce India has set the stage for a new era of trading possibilities in the rapidly evolving cryptocurrency landscape.

What is Perpetual Futures trading?

Perpetual Futures Trading allows traders to capitalize on the immense potential of the cryptocurrency market. Unlike traditional futures contracts, perpetual futures do not have an expiry date, allowing traders to hold their positions indefinitely. This unique feature provides a level of flexibility and convenience that was previously unattainable in the futures market.

Cryptoforce’s perpetual futures trading platform offers traders access to a wide range of digital assets, enabling them to diversify their portfolios and take advantage of the ever-changing market dynamics. Furthermore, the platform is built with state-of-the-art technology, ensuring fast and secure transactions while delivering an unparalleled user experience.

“We are incredibly excited to launch our perpetual futures trading on our platform,” said the founder of Cryptoforce, Rahul Agarwal. “Our team has worked tirelessly to develop a cutting-edge solution that empowers traders to tap into the remarkable potential of the cryptocurrency market. With our perpetual futures offering, we aim to redefine the trading landscape in India and beyond.”

Cryptoforce’s Perpetual Futures trading platform boasts several groundbreaking features, including:

  • Competitive Fees: Cryptoforce India offers some of the most competitive trading fees in the industry, ensuring that traders can maximize their returns while minimizing costs.
  • Upto 20x Leverage: With the option to trade with leverage up to 20x, traders can capitalize on even the smallest market movements to optimize their profits.
  • Advanced Risk Management: The platform offers a sophisticated risk management system, allowing traders to set stop-loss and take-profit orders with ease, providing a safety net in the volatile world of cryptocurrency trading.
  • Seamless Trading Experience: With an intuitive user interface and advanced trading tools, Cryptoforce’s perpetual futures trading platform is designed to cater to both novice and experienced traders.

As the cryptocurrency market continues to mature, Cryptoforce India remains committed to staying ahead of the curve by providing innovative and accessible trading solutions. The launch of perpetual futures trading is a testament to this commitment and a crucial step in the company’s ongoing mission to make digital asset trading more accessible, secure, and profitable for all.

About Cryptoforce

Cryptoforce India was founded as a front-runner among the cryptocurrency exchanges in India. It aims to make a breakthrough in the field of cryptocurrency investment. Over the years, it has expanded its products and services, such as digital asset trading, wallet, spot trading, quick swap, technical solutions, education, and more. It has established its presence in the country by listing 129+ tokens and 13+ blockchains.

The platform offers a range of services, including spot trading, futures trading, coin swapping, technical solutions, education, and more. Cryptoforce India is popular for being the quickest and most trusted crypto trading app for both early investors and professional traders.