The Development of the Crypto Market is Increasingly Positive, Indodax Launches the Staking Feature

Previously, the moment of price increase experienced by Bitcoin had been going on since last week after the announcement of the Silicon Valley Bank case which shocked the American banking world. The increase in the price of Bitcoin is of course very welcomed by crypto investors.

Indodax CEO Oscar Darmawan highlighted that the increase in Bitcoin prices was allegedly still caused by the cases of SVB, Silvergate and Signature Bank which fell in the last few weeks. In addition, the news about the Credit Suisse Case which was taken over by UBS also had a more or less effect on the price of Bitcoin.

For novice crypto investors who want to invest in crypto this year, Oscar feels that this year is the right year because soon Bitcoin will enter the halving day phase, where this phase will greatly affect the increase in the price of Bitcoin.

After the Bitcoin Halving, the BTC price increase will occur slowly and will eventually reach a peak. After reaching its peak, the price will decrease and form a new support level which is usually higher than the support level before the halving

Related to this, in trading Bitcoin in order to get the existing benefits it is very important to know the tips for investing Bitcoin properly.

Choose Legal Crypto Exchanges

As an industry player, Oscar advises investors to choose a crypto exchange that is legal and registered with the Commodity Futures Trading Regulatory Agency (Bappebti). Indodax is one of these crypto exchanges.