Amidst the tumultuous cryptocurrency market, Pakistani influencer and crypto enthusiast Waqar Zaka has showcased his trading prowess by capitalizing on the volatility to yield substantial profits of $53000.
Known for his daring live broadcasts and deep involvement in cryptocurrencies, Zaka seized the opportunity presented by the current market conditions to secure significant gains.
In a captivating YouTube livestream, Zaka demonstrated his trading skills by executing two high-stakes trades, each with a margin of $50,000, leveraging his $200,000 trading account.
Within a span of just 3-4 hours, Zaka successfully garnered a remarkable $25,000 profit from one trade and an impressive $28,000 from another, showcasing his adeptness in navigating the market fluctuations.
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Amidst a sharp downturn in the cryptocurrency market, with Bitcoin plunging to $66,000 and altcoins witnessing double-digit declines, Zaka’s strategic maneuvers stood out amidst the chaos.
The sudden market correction led to the liquidation of approximately $850 million worth of leveraged derivatives trading positions across digital assets, underscoring the magnitude of the market’s volatility.
Against the backdrop of escalating geopolitical tensions and concerns over a widening conflict in the Middle East, traditional safe-haven assets such as Treasury bonds, the U.S. dollar index (DXY), and gold surged, while equities and cryptocurrencies faced selling pressure.
