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 stays depressed near 1.2050 amid firmer yields, ahead of Powell
EUR/USD remains on the backfoot around 1.2050, as the US dollar rises with Treasury yields. Concerns about the pace of the yield surge dent the risk appetite. Focus on EZ retail sales and US data ahead of Fed Chair Powell’s speech.
GBP/USD steadies around 1.3950 as bond bears catch a breather ahead of Powell
GBP/USD picks up bids around 1.3950 following a bounce from 1.3921. UK unilaterally extended NI border checks, EU vows legal response. US Treasury yields regain upside momentum, driving the US dollar higher. Fed’s Powell will be watched to confirm reflation fears.
USD/JPY: Bulls battle seven-week-old hurdle around 107.00
USD/JPY remains positive for the second consecutive day while attacking the July 2020 peak, market the previous day, during early Thursday. However, the upper line of a rising trend channel formation since January 11 joins RSI and MACD to probe the bulls around 107.087, up 0.10% intraday.
Editors’ Picks
EUR/USD stays depressed near 1.2050 amid firmer yields, ahead of Powell
EUR/USD remains on the backfoot around 1.2050, as the US dollar rises with Treasury yields. Concerns about the pace of the yield surge dent the risk appetite. Focus on EZ retail sales and US data ahead of Fed Chair Powell’s speech.
GBP/USD steadies around 1.3950 as bond bears catch a breather ahead of Powell
GBP/USD picks up bids around 1.3950 following a bounce from 1.3921. UK unilaterally extended NI border checks, EU vows legal response. US Treasury yields regain upside momentum, driving the US dollar higher. Fed’s Powell will be watched to confirm reflation fears.
USD/JPY: Bulls battle seven-week-old hurdle around 107.00
USD/JPY remains positive for the second consecutive day while attacking the July 2020 peak, market the previous day, during early Thursday. However, the upper line of a rising trend channel formation since January 11 joins RSI and MACD to probe the bulls around 107.087, up 0.10% intraday.
Bitcoin gears up for fresh record top, bulls await clear break of $52,650
Bitcoin buyers can ignore the recent choppy moves around $51,000, currently near $50,900, while looking at the cryptocurrency pair’s ability to stay beyond the key supports during early Thursday. Ascending trend line from late-January adds to the upside barriers.
Gold’s fate hinges on Treasury yields, Powell’s speech
Gold struggles with its rebound as DXY firms up with Treasury yields. XAU/USD reached fresh nine-month lows at $1702 amid a renewed uptick in the US Treasury yields, as the bond market turmoil resumed on Wednesday.
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