Bitcoin price dips
The value of Bitcoins is down almost a third on yesterday’s exchange values. Since then rates have recovered slightly but remain extremely volatile.
The value of Bitcoins is down almost a third on yesterday’s exchange values.
Bitcoin dollar rates peaked yesterday morning at $125 per coin but this morning (UK time) are theoretically changing hands for $86. Volatility is more of a problem with Bitcoin because of the relatively long time it takes to change your money into, or out of, the currency.
Bitcoin rates were relatively stable until ramping wildly, and dropping just as dramatically, in April. Exchange rates fell from $266 a coin to just over $86.
Since then rates have recovered slightly but remain extremely volatile.
Responsible exchanges include prominent warnings that Bitcoins aren’t an AAA investment.
Photo credit: Screen shot from Bitcoincharts.com
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
