Published:
Bitcoin is having a bad week on top of a rough month: The benchmark cryptocurrency is currently down more than 33% from its October all-time high of $126,272.76, wiping out
more than $1.2 trillion in market cap.
If you somehow foresaw this huge drop in the price of bitcoin BTCUSD and took out a bearish position, you could’ve made a lot of money on your trade. If you guessed incorrectly, you would’ve lost a lot. However, thanks to a new leveraged financial product, traders will be able to up the ante on bitcoin’s swings — either multiplying their money, or potentially losing everything.
