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 stabilizes above 1.0500 as risk mood improves
EUR/USD regained its traction and climbed back above 1.0500 in the American session on Wednesday. The improving risk mood, as reflected by rising US stocks, and mixed macroeconomic data releases from the US weigh on the USD and help the pair push higher.
GBP/USD clings to strong daily gains above 1.2150
Following a declined toward 1.2100, GBP/USD reversed its direction and rose above 1.2150. The positive shift seen in risk sentiment, alongside disappointing the ISM Services PMI data, makes it difficult for the USD to find demand and fuels the pair's daily advance.
USD/JPY remains flat above the 149.00 mark, 10-year JGB yields reaches 0.8% for the first time since 2013
USD/JPY consolidates its recent losses near 149.20 as investors fear the intervention. The 10-year Japanese Government Bond (JGB) yield reached 0.8% for the first time since 2013. US JOLTS Job Openings came in above expectations. Traders will monitor US ADP Employment Change and ISM Services PMI due on Wednesday.
Editors’ Picks
EUR/USD stabilizes above 1.0500 as risk mood improves
EUR/USD regained its traction and climbed back above 1.0500 in the American session on Wednesday. The improving risk mood, as reflected by rising US stocks, and mixed macroeconomic data releases from the US weigh on the USD and help the pair push higher.
GBP/USD clings to strong daily gains above 1.2150
Following a declined toward 1.2100, GBP/USD reversed its direction and rose above 1.2150. The positive shift seen in risk sentiment, alongside disappointing the ISM Services PMI data, makes it difficult for the USD to find demand and fuels the pair's daily advance.
Gold drops below $1,820 as US yields gain traction
After rising above $1,830 in the early American session, Gold price reversed direction and turned negative on the day below $1,820. Following mixed macroeconomic data releases from the US, the benchmark 10-year US yield recovered from daily lows and weighed on XAU/USD.
ETH staking could gain short-term preference over bonds despite record yields
The Ethereum staking market has experienced a notable surge, according to data from StakingRewards. In the past 24 hours, the number of staked ETH increased by 32.8%.
Rise in job openings sends DJIA plunging as Treasury yields soar
The DJIA opened higher on Wednesday, up 0.2%, as traders test whether Tuesday’s crash was overdone. The market is now digesting the first time in history that a US Speaker of the House was voted out of office and how that will affect current budget talks.
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