When you choose to trade with Bitcoin, the price is usually quoted against the U.S. dollar. In other words, you sell U.S. dollars to buy Bitcoin. If the price of Bitcoin rises, you will need to buy BTCUSD to make a profit, because the value of Bitcoin is now higher than it was at the time of purchase. If you decide to sell BTCUSD and the price rises, you will lose money.
The price of cryptocurrency may be affected by many factors, including its supply and market demand, regulation, news and media, and price
At Ruihong, we provide you with the opportunity to trade popular electronic currencies without actually owning digital assets, with 24-hour trading, low margin requirements, and the ability to trade at rising and falling prices.