Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from paying transaction fees. It can be used for booking a hotel or flight, or purchasing products online, as many online stores and companies accept Bitcoin now.
Today, there are 1354 Bitcoin ATMs in 55 countries around the world and about 5.8 million users that have digital wallets. The price for one Bitcoin at the moment is $5,602 and it’s growing continuously, proportionally with the interest for digital money.
Take a look at this infographic that illustrates in details some interesting facts about this incredibly popular virtual currency.
Editors’ Picks
EUR/USD holds around 1.0900 despite sentiment deteriorates
An unattractive dollar helped EUR/USD reach 1.0926, its highest in a week. The positive market’s mood that lead the way ever since the week started begun to ease. Wall Street trimmed early gains, ends the day mixed.
GBP/USD consolidating above 1.23 as Johnson remains in ICU
GBP/USD is trading above 1.23, yet off the highs as concerns over PM Johnson persist. He remains in intensive care. The safe-haven dollar is gaining some ground as stocks pare gains.
USD/JPY: US dollar sidelined vs. Japanese yen, trading near 109.00 figure
USD/JPY is trading above the 100/200 SMAs as the spot is trying to stabilize above the 107.00 handle amid slightly better market mood.
Editors’ Picks
EUR/USD holds around 1.0900 despite sentiment deteriorates
An unattractive dollar helped EUR/USD reach 1.0926, its highest in a week. The positive market’s mood that lead the way ever since the week started begun to ease. Wall Street trimmed early gains, ends the day mixed.
GBP/USD consolidating above 1.23 as Johnson remains in ICU
GBP/USD is trading above 1.23, yet off the highs as concerns over PM Johnson persist. He remains in intensive care. The safe-haven dollar is gaining some ground as stocks pare gains.
USD/JPY: US dollar sidelined vs. Japanese yen, trading near 109.00 figure
USD/JPY is trading above the 100/200 SMAs as the spot is trying to stabilize above the 107.00 handle amid slightly better market mood.
Coronavirus figures: Why traders should ignore Mondays and Tuesdays, focus on other stats
Figures on Mondays tend to show a drop in cases and deaths in various places in the world. such as Spain, and New York's figures all provide hope, contributing to a massive stock market rally on Monday, April 6.
Gold: Investors could be getting complacent and gold is great barometer
he USD 1640.00 level is a decent support level to watch as it has been used on six occasions and seem reliable. Even if it does break it will tell you a lot about the state of the market and the perception of the safe-haven asset.
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