BingX’s Amazing Six Celebration
BingX Celebrates Its Amazing 6th Anniversary With Grand 13 Million USDT Prize Pool
BingX is incredibly proud of the past 6 years; we look forward to diving into our amazing achievements and taking a sneak peek at what’s coming next with our Amazing Six celebration! Over the past six years, BingX has remained steadfast in its commitment to empowering traders with a reliable and robust trading platform equipped with innovative features and a diverse range of products. We have an extraordinary campaign planned with online and offline events to celebrate these accomplishments.
From May 8 to May 31, BingX users are invited to join in the festivities, promising an exhilarating lineup of events and rewards for enthusiasts diving into the dynamic realm of crypto trading To inaugurate the celebration, we are offering an impressive prize pool totaling 13 Million USDT, a testament to the integral role users have played in its journey of success. Throughout the carnival period, BingX users can anticipate a myriad of captivating online campaigns tailored to futures trading, spot trading, fiat trading, and wealth management, respectively.
We aim to recognize new and long-term BingX users with this celebration because we would be nothing without you. This past year, we hit 10 million global users. This is an incredible milestone, and we look forward to providing an unparalleled trading experience for both existing users and future ones.
See the full release here!
Will Bitcoin Find Stability On The Climb Back Up?
Bitcoin is beginning its climb back to what we can hope is near its all-time high, but the primary question is whether the asset can find stability. Bitcoin is now approximately 15% above its two-month low of $56,500, reached on May 1 last week, as concerns over the stagflation of the U.S. economy sent investors into a risk-off mode, selling some assets. Should Bitcoin turn down from its current levels, key support levels would come into play. These include the $57,000–$64,000 demand level (embraced by the 50-day EMA), which remains a “prime buy zone” for BTC. The support level is at $61,500, and the resistance level is at $65,000. This yields neutral for the medium to long term. Bullish traders see glimpses of strength as the market holds above a few significant trendlines.
Ethereum, on the other hand, is facing an even tougher month. After crypto was claimed to be validated significantly through the Bitcoin spot ETF approvals, Ethereum is facing challenges with approvals of the same product in the US looking unlikely. ETH is underperforming BTC; this trend led to a decrease in the ETH/BTC ratio, which hit a low of $0.04622 on May 1st, marking its lowest point since April 2021. On a year’s timeline, Ethereum is up over 60%, showing its market dominance
A primary question now is whether traders will get ahead of themselves and shift to long Bitcoin trades. When it comes to investor behavior, only time will tell.
Product Highlights
Check out our wealth management promotion.
New user bonus!
About Me
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article. Not financial advice.
