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Even considering a notable drop in value right after 2021, Bitcoin has managed to keep performing well in the past few weeks. On February 22, BTC reached its highest yet price - $57k, but a few days later, the price has dropped again. Nevertheless, it seems that the currency will keep rising in price - today, March 8, 2021, at 11.00 UTC, the price is over 50k again.
BTC has closed at $48.758 on March 1, and now (March 8, 2021, at 11.00 UTC) it has managed to reach $50.125 - BTC has significantly raised in price just within a week. At first, the market-leading digital token reached a new record of $ 48,635 during the beginning of February after a massive $ 1.5 million (or £ 1.1 million) investment from the Tesla company owned by Elon Musk. This event has led to an increase in the price of Bitcoin even though after a while the costs have dropped.
But this past week, the cost of BTC has again increased in price, reaching 47-47 thousand dollars. It could be due to the rumors about a new partnership with MasterCard that has begun to spread. Today, on March 8, 2021, the cost of Bitcoin has reached 50k dollars again.
Politics is a place where you can find a lot of people from different areas of social life. Crypto advocates are part of the striking world of politics. One of them is Chamath Palihapitiya. He is the well-known chairman of Virgin Galactic. Chamat has announced his candidacy for governor of California. Many experts believe that his bid is the one that everyone should pay attention to.
Palihapitiya is known as a proponent of the first cryptocurrency. Previously, he called digital gold the best remedy against autocracy and currency restrictions, as well as the only insurance against the risks of the traditional financial system. He has a great chance at becoming a winner in this rally. According to the latest data, he has much more chances and opportunities than former bitcoin (BTC) politicians.
The cryptocurrency market can delight many traders this week. Members noticed a healthier trend on it, especially after the posts that sowed alarm, Jeff Dorman reports.
Arca put forward the message that while many stocks of cryptocurrencies and other technologies are rallying, bitcoin has suffered defeat. He sees the reason in the leverage. It is precisely this, according to him, that worsens the situation of price movement at a time, when something natural puts pressure on sales.
Dorman informs that the correction was much needed and expected. Up to this point, the funding rate for perpetual swaps was at a 6-month-high. In other words, longs had to pay shorts about 25 bps a day to stay in their position. Because the funding rate must find application in motivating parties to participate and to maintain a balance.
The price of 1 BTC is USD 49.965 and it seems that the coin might soon hit 50k dollars again. For a while now the price of bitcoin remained below USD 50.000, but the price kept steadily rising. It has almost reached 50k dollars again, and the chances are high that in the nearest future we will see it happening.
BTC is not the only promising cryptocurrency that might rise in price. Just a few days ago the price was slightly above USD 1.450 (March 3, 2021), and today it has reached USD 1.725, and the prices seem to be growing. Moreover, XRP-USD shows promising results as well. A few days ago the price of this altcoin was below USD 0.450, and today it has reached USD 0.466
The world of cryptocurrency has been experiencing crests and troughs during the last year. Some currencies have gone way up in recent trades, and the others remain to hang behind the race. There are many tokens on the market, each of which can skyrocket in value.
The bitcoin appreciation arose significantly. However, it hasn't any chance to beat the resistance of the $35,000. Only BTC was close to this edge. Nevertheless, lately, it showed the tendency to decrease. Now BTC is trying to keep up with the range.
Altcoin digital assets have jumped up. They are Ethereum, XLM, LINK, BNB, OMG, NEO, bitcoin cash, DOT, litecoin, ADA. ETH outmatched his opponents. It revived to beat the $1,000 resistance newly since February 2018. XRP has little chance to overcome the $0.250 edge.
It’s been several years that cryptocurrency has invaded the financial world. Some say cryptocurrency will eventually replace current fiat money, others believe it’s just a good investment. The thing that attracts people to cryptocurrency is decentralization. Digital money is governed by decentralized entities and can't be controlled by the government.
It also offers some advantages and is without a doubt an interesting option to invest in. Moreover, there are more than 500 digital items to invest in. In fact, there are a lot more types of digital coins out there, but not all of them are valuable. But is it still a good idea to invest in digital money? Let’s check out the top 5 investments in digital money and what advantages they can offer.
It’s difficult to find a person who wouldn't be aware of the existence of such a term as cryptocurrency, and more specifically, Bitcoin. The concept of Bitcoin was introduced several years ago and the blockchain was launched in 2009. An individual or group of individuals called Satoshi Nakamoto was the first to introduce cryptocurrency and now it’s one of the most popular to trade and buy.
A lot of people prefer investing in Bitcoin since it’s pretty convenient and grants some profit. This cryptocurrency (just like any other type of digital money) is not regulated by a central bank or any other institution which makes it even more appealing to buy Bitcoin. But what determines the price of 1 Bitcoin? Why is the price of 1 Bitcoin so high compared to fiat money? Let’s find out in this article.
Due to the recent SEC action against Ripple Labs Inc., after 8 January 2021 US customers will not be able to buy or sell XRP at BTCBIT platform.
Customers from other countries are not affected.
We are monitoring the situation regarding the SEC's filing and will proactively inform our customers when we have information that may change our position.
Physical money is slowly and surely becoming a thing of the past. It’s hard to say for sure right now if there will ever come a time where it’s gone completely, but it won’t be long before it ceases to be such a widespread payment method.
Even right now, basically everybody has a debit card or a credit card, or both and that’s been something that has slowly become the norm over the last several decades. Even cheques, the original alternative to paper and coins have started to become somewhat obsolete.
Nowadays, things are even going a step further than that. If you’re on this site you’ve probably heard about cryptocurrency, most everyone has, it’s the next major step in the evolution of money and how we spend.