WORLD MARKET The dollar has risen, but Bitcoin has recorded a huge growth..

in #cryptocurrency7 years ago (edited)


In April 2010, the price of one Bitcoin was $ 0.003, while today the price of a Bitcoin is over $ 4,500.
Just as Wall Street itself began to pay more attention to Bitcoin, new rivals in the world of crypto currency emerged threatening to override the current leader. One of them is Ethereum, which now accounts for as much as 32% of the total value of all crypto currencies (Bitcoin accounts for 38%), as well as Litecoin whose total value for the first time exceeded a $ 1 billion milestone.

Meanwhile, many states have declared Bitcoin legitimate, which has greatly contributed to its price. In Japan, many merchant chains have allowed Bitcoin to buy, which has led to a rise in the price of this crypto currency over the previous month by nearly 80%, and Japan becoming the largest Bitcoin market in the world. Investors expect that sooner and many other countries will implement this trade policy.
One of the reasons why the price of Bitcoin increased this year is that it is not influenced by government governments. Bitcoin is tracked through a public online record known as the "block chain". The ultimate Bitcoin can be produced through a process called mining.
The Asian stock market is trading very quiet, as investors did not get clear directions from the Wall Street where key indices a day ago only made mild changes, while it seems that some of the tensions surrounding North Korea seemed to fall.
Reducing tensions prompted a jump in the Koscian South Korean stock exchange index.
Analysts believe investors are still concerned that rhetoric between US President Donlada Trump and North Korean Kim Jon Una could be further sharpened.
Investors on European stock exchanges did not bother to drop Wall Street index between 0.3 and 0.4 percent, which was the result of US President Donald Trump's statement that the wall at the Mexican border would be built even though the government had to stop working.
All this, however, did not disturb investors on European stock exchanges, which support better than expected quarterly business results of the company.

So far, about 90 percent of companies in the European MSCI index have reported operating reports in the second quarter, with 55 percent outstripping the analyst's expectations, while 39 percent dropped.