With Bitcoin's recent surge past the $70K mark, the spotlight is back on the importance of timing in crypto investing. But, as in any high-stakes game, having the right tools can make all the difference. Platforms like Binance and Plus Wallet are changing the way people manage digital assets.
Bitcoin price surges past the $70K mark again, highlighting the importance of timing in crypto investing.
After last week’s $271 million in liquidations, having the right tools can make all the difference.
Binance announces a new partnership with Paymonade, introducing direct crypto-to-card sales.
Plus Wallet stands out with its 15-minute token listing process, bypassing long wait times.
Both platforms offer user-centric solutions, making crypto management easier and more efficient.
As Bitcoin price surges past the $70K mark again, new data from CoinGlass highlights the crucial role of timing and careful leverage management in crypto investing.
Crypto Liquidations Hit $271M Last Week,役割 of Timing Crucial in Crypto Investing
According to the latest data, crypto liquidations hit $271 million last week, with seven days of total liquidations now at $1.1 billion.
The figures show that long-position traders were hit the hardest, with $211 million in liquidations compared to $60 million for short-position traders. This highlights the impact of traders making overly optimistic market bets.
Among the top assets, Ethereum led the way with $72.97 million in liquidations, followed by Bitcoin at $56.55 million. Other notable assets include Solana ($27.07 million), XRP ($17.07 million), and BNB ($14.07 million).
The large sums being liquidated, especially during periods of market volatility, serve as a reminder of the high risks involved in crypto trading, even for experienced traders.
Making crypto easier: Binance teams up with Paymonade
Binance has announced a new partnership with Paymonade, a licensed and regulated card issuing platform.
The collaboration will allow Binance users to sell crypto directly to their credit or debit cards.
Once the service rolls out worldwide, users will need to complete identity verification with both Binance and Paymonade.
This move is part of Binance’s ongoing efforts to enhance its platform, offering more user-friendly transaction options while maintaining top-notch security and regulatory compliance.
The integration of Paymonade’s services will provide Binance users with an additional channel to quickly convert their crypto holdings into local currency and deposit the funds straight onto their bank cards, making selling crypto easier and faster than before.
Fast listings & smooth invoicing: Plus Wallet stands out
Plus Wallet offers a streamlined token listing process, enabling new tokens to go live in just 15 minutes.
Unlike Binance or Trust Wallet, which make token issuers wait for weeks in long queues, Plus Wallet provides a fast and accessible way to hit the market without delay.
This rapid approach doesn’t just benefit issuers; it’s a win for traders too. By providing quicker access to a wider selection of tokens, Plus Wallet keeps trading opportunities fresh and exciting, ensuring a steady stream of new assets to explore.
On top of that, Plus Wallet simplifies invoicing, making life easier for freelancers and businesses.
The invoicing tool allows users to create and share payment requests in either cryptocurrency or fiat, like USD.
This flexibility is ideal for those looking to manage transactions smoothly in today’s evolving digital economy.
These features have earned Plus Wallet a strong reputation as a top Trust Wallet alternative. But it doesn’t stop there. It delivers everything you’d expect from a 2024 crypto wallet, including top-notch security, support for diverse assets, and seamless usability.
Altogether, Plus Wallet offers a comprehensive and user-friendly experience, empowering both individuals and businesses to manage their crypto needs confidently and effortlessly.
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