Analysis

The exchange rate of bitcoin, like any other currency, depends on many factors. Knowing the factors that directly affect the exchange rate of bitcoin against the dollar and other currencies, you can better understand and predict the events that occur in the crypto market.

Cryptocurrency exchanges are platforms designed for trading cryptocurrencies, as well as exchanging at a fixed rate. Exchanges allow users to purchase, sell, store, and exchange cryptocurrencies. They are divided into two categories, namely centralized and decentralized, but as practice shows, it is the former that are mostly popular. Some exchanges provide a service for exchanging cryptocurrencies for fiat.

A former bitcoin miner has discovered a forgotten multi-million dollar fortune. In 2010, when the block reward was still 50 bitcoins, and mining was still possible with the help of video cards (GPU), an anonymous miner mined at least 1000 BTC and for unknown reasons left a wallet with untold wealth.

One of the biggest falls in the history of the crypto industry took place on Friday 13/03/2020. The Bitcoin exchange rate fell more than twice in just a day by -52% in 24 hours. One of the forefathers of the cryptocurrency updated a new local minimum on this day, which was equal to $3600 per coin.

Bitcoin has given its investors a Christmas miracle – since yesterday, the rate of the first cryptocurrency has risen to $ 8,000, overcoming several resistance points.

Almost all experts are sure that after the halving in May, mining will become much less profitable.

Bitcoin dropped 3% to less than $6900 in just 15 minutes yesterday! Again: 15 minutes = 3%.

The Russian authorities decided to finalize Rostec's roadmap for blockchain and quantum sensors (microscopic sensors of ultra-high sensitivity).

If forecasts and opinions in the crypto industry so often serve as a factor influencing the price of a cryptocurrency, then this is perhaps argument enough to be aware of their trends.