BTC / USD is an innovative financial instrument that is rapidly gaining popularity among traders thanks to the maximum level of liquidity and high volatility. Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time. A pair of bitcoins to the US dollar is built on the principle of direct quotation. The base currency is bitcoin, quoted in it - the US dollar. The rise of the currency pair means a strengthening bitcoin against the US dollar, that is, more dollars are needed to buy one bitcoin. A decrease in the exchange rate indicates a strengthening of the dollar.
The idea of crypto currency is incredibly simple and originated at the end of the last century. At the same time, the first versions of the digital currency were presented. But the crypto currency in the form that we know it now, appeared in 2008. The creator of bitcoin software (the first and most popular crypto currency today) is considered to be Satoshi Nakamoto.
Bitcoin, like any digital currency, is a new generation of currency that operates only on the Internet. This is a decentralized system of money issuance that does not subordinate to any government, bank or any financial authority. In the creation of new bitcoin coins, software algorithms are used that require the computer to run for a long time. It is important to understand that a large number of coins already generated slows down and complicates the issue of subsequent coins, that is, each next coin requires even more resources, which requires a lot of time and energy. Therefore, those who write that it is possible to mine bitcoins, using their home PC, is mistaken. Today, very powerful computers or huge mining farms are involved in mining, occupying a whole system in the area, that's why it is unprofitable to do it at home. But you can now make money in Bitcoin in a different way.
In just a few recent years, crypto currencies have turned into full-fledged financial instruments, the value of which is breaking records. Countries such as the USA, Canada, Australia, Finland, Germany, the United Kingdom and Belgium adhere to a rather positive approach to crypto currencies and bitcoin, in particular.
The cost of bitcoin is determined by supply and demand, and the dynamics of the bitcoin rate is strongly influenced by news on its regulation in different countries, the actions of the largest mining farms and large speculators, that is, thanks to the innovative character and the excitement created around the crypto currency, bitcoin is experiencing sharp fluctuations in the exchange rate.
Bitcoin practically does not react to the publication of US economic indicators, but is very strongly influenced by news from the world of crypto-currencies. It can be concluded that the currency pair is greatly influenced by fundamental factors, rather than technical ones.
Bitcoin, Bitcoin - (symbol: ฿; code: BTC).
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the Federal Reserve System, which performs the functions of the Central Bank.
