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Bitcoin is an innovation in the blockchain technology. Thanks to Bitcoin, it was possible to create an open distributed database for checking, storing, and conducting transactions on computers around the world. No one owns or controls Bitcoin. It is a fully decentralized digital asset. The electronic currency Bitcoin was created as a counterweight to real money.
Advantages of Bitcoin:
Monitoring of cryptocurrencies shows positive statistics for the entire time of their existence. So does Bitcoin. Since its creation and the generation of the first block in 2009, Bitcoin has demonstrated both a dizzying rise and a rapid fall.
Looking at the Bitcoin price chart within the period of its existence, you can see impressive changes in the BTC value. Thus, a tenfold increase in the BTC/USD pair was recorded – from $0.008/BTC to $0.080/BTC in 2010. This was the beginning of the Bitcoin staggering rise. In 2011, the Bitcoin price dropped below $1 and rose to $32. The following year was relatively calm. In 2013, the value of Bitcoin grew above $200. By the end of the year, BTC advanced to $1,000 with small fluctuations. In 2014, 1 BTC cost from $770 to $950, and in 2015 Bitcoin slid down ranging from $177 to $350. Then, Bitcoin moved up to $500 and higher. 2017 was the best year for BTC as its value soared up 16 times. At the beginning of the year, BTC was trading just over $1,000, and by its end, BTC was worth $20,000. At the end of 2017 – the beginning of 2018 BTC declined to $13,000 and a bit later its price began to plummet. By the end of 2018, 1 BTC cost $3,000.
On Friday, June 20, 2019, the exchange rate of Bitcoin updated the annual record reaching $9,800 during the day. The price of Bitcoin exceeded 6% per day. Over the past few months, BTC has more than doubled in price. In February 2019, it cost $3,500. Earlier, Bitcoin updated its annual record in June this year, its price approached $9,322 for the first time since May 2018. Presently, the winners are those market players who have watched the Bitcoin exchange rate closely, monitored digital currencies, and tracked BTC/USD price charts.
BTC/USD may reach 4.6588%. At the moment, BTC is worth nearly $11,300. If you want to buy Bitcoin, look for this price. Bitcoin varies from $11,272 to $11,311. You can calculate Bitcoin exchange rate fluctuations using the BTC calculator.
The difference between the opening rate and the closing rate of Bitcoin can exceed $500 at the end of the trading session. It is likely if by the beginning of the trading session, BTC was $10,770.9 and by its closing, it increased to $11,272.7. The maximum BTC/USD rate recently stood at $11,387.50 and the minimum at $10,766.70. Versus USD, all changes in the Bitcoin exchange rate are reflected in the price chart.