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HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market

Recently, with the sharp fluctuations in BTC and various altcoins, the crypto market’s bull run has accelerated. In a bull market, common strategies include holding long-term potential cryptos or taking advantage of high volatility for short-term trading profits. This often leads to a surge in DeFi activities, increased liquidity staking, and a more active lending market. Crypto users aim to maximize their funds and profits. Against this backdrop, HTX’s newly launched Flexible Crypto Loans has gained popularity and is poised to spark a lending trend in the bull market. Crypto Loans: A Powerful Tool to Unlock Asset Liquidity HTX’s Crypto Loans is a flexible financial loan product that lets users pledge digital assets to borrow other cryptos such as USDT, BTC, and ETH, for various funding needs. For example, a user anticipating a token’s price can pledge BTC to borrow USDT for investment without selling their holdings. If the token’s price rises as expected, they can sell, and repay the loan and their BTC. HTX launched its highly-anticipated Flexible Crypto Loans, adding to its suite of fixed-term products. This new offering allows fee-free, flexible borrowing and repayment, making it an ideal tool for efficient fund utilization. Impressive Data: Growth in Both Scale and User Base With ultra-low interest rates, flexible terms, and a great user experience, HTX’s Flexible Crypto Loans has seen significant growth in both user base and lending volume. In less than 10 days, the lending volume exceeded 30 million USDT. Compared to before the launch, HTX’s overall lending volume has quintupled, and the number of borrowers has tripled. This achievement demonstrates users’ trust in HTX’s products and indicates growing market acceptance of the Crypto Loans model. Prize Pool Doubles and Ultra-Low Interest Rates Continue for an Upgraded User Experience HTX has launched the second phase of the “Borrow & Earn” event. From December 12 02:00 (UTC) to December 18 15:59 (UTC), users who borrow USDT via Flexible Crypto Loans can share a 5.4 billion $HTX prize pool. The first phase offered a 2.7billion $HTX prize pool, and this phase doubles that. HTX’s Flexible Crypto Loans remains committed to low interest rates, helping users to maximize returns with affordable borrowing. This highlights the popularity of Crypto Loans and HTX’s commitment to offering Flexible Crypto Loans. HTX plans to introduce more promotions and innovative features to enhance user experience. If the lending volume for Flexible Crypto Loans reaches 50 million USDT by the end of the second phase, the next phase’s prize pool will double to 10.8 billion $HTX. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Ruder Finn Asia htx@ruderfinn.com Company Website https://www.htx.com The post HTX’s Flexible Crypto Loans Goes Viral and May Spark a New Lending Trend in the Bull Market first appeared on HTX Square . AMB Crypto

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Here’s What BTC, DOGE, XRP Whales Did During The Market Correction

TL:DR; The entire cryptocurrency market experienced sharp declines in the past few days before prices recovered, with BTC jumping above $100,000 once again. On-chain data shows that whales holding some of the biggest and most popular crypto assets used this opportunity to stack up. BTC Whales Buying Recall the price events that transpired since the start of the week. Bitcoin tried its hand at taking down $100,000 on a couple of occasions during the weekend, but each was met with a severe correction that pushed it south hard. In fact, the largest cryptocurrency dumped by over six grand twice and slipped to $94,400 on Monday and Tuesday, where it actually found the necessary support. It bounced off yesterday in a quite impressive fashion, gaining almost eight grand in less than a day from its aforementioned bottom to $102,000 (local peak on Bitstamp). These violent price swings liquidated over 500,000 over-leveraged traders at one point and they usually tend to push the so-called ‘weak hands’ out of the market. However, those with stronger convictions, usually larger investors, use these corrections to accumulate more of the asset. This was the BTC case, according to on-chain data shared by popular analyst Ali, who noted that 342 big wallets (containing at least 100 bitcoins) were created during this retracement. #Bitcoin whales are buying every dip! In fact, 342 wallets with over 100 $BTC were created as prices dropped from $104,000 to $90,000. pic.twitter.com/cMJRnshOAt — Ali (@ali_charts) December 11, 2024 XRP and DOGE, Too But it’s not just bitcoin. It seems wealthy investors are highly bullish on other cryptocurrencies as well, such as Dogecoin (DOGE) and Ripple (XRP). Further data shows that whales bought over 100 million XRP during the asset’s crash, from over $2.4 to under $2. It was one of the poorest performers at one point during the market-wide corrections, but it managed to erase all losses and is back above $2.4 as of now. In the recent dip, whales bought over 100 million $XRP ! pic.twitter.com/xU2YscIkvj — Ali (@ali_charts) December 11, 2024 Being the largest and oldest rep of the ever-volatile meme coin sector, DOGE was not spared from the volatility either. Its price slumped from $0.44 to under $0.37 before it bounced back to well above $0.4. During this crisis, DOGE whales accumulated 210 million of the asset. #Dogecoin whales bought 210 million $DOGE during the recent price correction! pic.twitter.com/0vG2iN1fvJ — Ali (@ali_charts) December 11, 2024 The post Here’s What BTC, DOGE, XRP Whales Did During The Market Correction appeared first on CryptoPotato . AMB Crypto