Bitcoin Price Surges past $270, Influenced by Global Economy
Bitcoin price has crossed the $270 mark, which is really good news for bitcoin after it fell drastically from the $300 pedestal in July. The prices have touched $270 a couple of times since then. From the past few days, the bitcoin price has seen a positive trend. The trend seems to be influenced by a lot of reasons. But the most important reason for prices to shoot further up from previous price point seems to be influenced by reports pointing towards a global economic slowdown. Bitcoin price received an initial boost after the main Chinese exchanges Huobi and OKCoin experienced a surge....
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In September last year, the Chinese bitcoin exchanges saw a huge demand for bitcoin and it was wrongly attributed to a bitcoin Ponzi scheme. In late last year, Bitcoin surged past the established resistance to rise in value. In the month of August and early September, the digital currency was valued at around $200 plus with minimum volatility. However, thanks to the global economic conditions, bitcoin price picked up. The sudden increase in bitcoin price was attributed to multiple economic reasons. The bitcoin price rise was inadvertently influenced by the economic slowdown suffered by....
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Because of Bitcoin and blockchain technology, the global economy flourishes without the normal limitations of nationalities and borders. Bitcoin was conceived without consideration of, or restriction from, governments, nationalities, or borders. Because of its decentralized nature and ease of transaction, it is equally accessible to users in all corners of the world, so long as they have a device with a reliable internet connection. This has led to a global financial system less influenced by national borders. Because most economic transactions in the past have dealt in traditional....
Following your charts? You probably ought to be. Something spectacular is happing with the price of bitcoin this fine Memorial Day weekend. Already, social media is plastered with excitement and "to the moon" references as the price has surged past $550 in the wee hours of the morning (at least here in the United States). At the time of this writing, we're observing a price of $570 at the Bitstamp exchange, with a peak of $586 earlier this morning. That brings the price up to approximately eight percent in the past twenty-four hours. But keep your eyes glued to the screen, because things....
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Stablecoins Have Seen Massive Growth Within the Crypto Economy
Stablecoins have been a hot topic in....