As it turns out, there are news agencies dedicated to understanding the latest development in the cryptocurrency market. Bitcoin continues to be the largest and most visible asset in this category, and keeping pace with it has become an essential resource for both cryptocurrency traders and the broader market because of the increased importance they play in finance and investing. Get the latest bitcoin news from a continually updated source on the web.
Unlike stock markets, cryptocurrency is traded continuously. There is no closing bell as the asset used to purchased end goods is the same as is traded as an alternative to other securities. Since cryptocurrencies are in fact used as actual currencies and are a vehicle for storing and transporting value, its movement can provide data for the rest of the market.
A good example is the bubble that arose in Bitcoin and Etherium when investors in China purchased large volumes of them in order to circumvent the capital controls placed by the Communist Party to prevent investors from sending funds overseas. While there goal was to seek safer places to stash their locally earned wealth, the local government saw this as a security and stability concern. The global market reacted with more buying, and the result was one of the most astronomical asset climbs and crashes in history.
While the December 2017 high was a milestone for the history book, Bitcoin continues to be a volatile asset because it is backed by little more than investor and merchant interest. Since the Bitcoin is not backed by a bank or a base asset other than the unit itself, it is still susceptible to wild speculation and exploitation in unconventional markets. This means that Bitcoin can provide insight into activity that would otherwise be invisible because changes in Bitcoin price are exact and available for all to see.
Get access to a leading resource on cryptocurrency and Bitcoin in particular. It was the original digital dollar to gain widespread attention and circulation, and continues to have the greatest heft in the financial market. Other currencies tend to be more stable because they were built with better safety features and controls. They can also give information on the state of the global financial market, but nothing beats the Bitcoin for feedback.
Your business could increase by having a better latest bitcoin news. This is especially true if it trades in Bitcoin, but the average person might profit from short term trading or including Bitcoin in their portfolio and a long term growth asset. Seeing the latest news can tell you if there might be a hiccup in the broader market.
