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 near 1.0500 after upbeat US data
EUR/USD continues to trade in a narrow range at around 1.0500 on Tuesday. The data from the US showed that job openings rose more than expected in October, helping the US Dollar hold its ground and limiting the pair's upside. Investors await comments from Fed officials.
GBP/USD trades below 1.2700 as focus shifts to Fedspeak
GBP/USD loses its recovery momentum and retreats to the 1.2650 area after rising toward 1.2700 earlier in the day. The US Dollar stays resilient against its rivals on upbeat JOLTS Job Openings data and makes it difficult for the pair to regain its traction as focus shifts to Fedspeak.
USD/JPY rebounds with US Dollar to scale 150.00
USD/JPY bounces back above 150.00 in the Asian session on Tuesday. The return of risk-off flows and a revival in the US Dollar demand underpin the pair. However, any meaningful upside seems limited in the wake of rising bets for another BoJ interest rate hike later this month.
Editors’ Picks
EUR/USD stays near 1.0500 after upbeat US data
EUR/USD continues to trade in a narrow range at around 1.0500 on Tuesday. The data from the US showed that job openings rose more than expected in October, helping the US Dollar hold its ground and limiting the pair's upside. Investors await comments from Fed officials.
GBP/USD trades below 1.2700 as focus shifts to Fedspeak
GBP/USD loses its recovery momentum and retreats to the 1.2650 area after rising toward 1.2700 earlier in the day. The US Dollar stays resilient against its rivals on upbeat JOLTS Job Openings data and makes it difficult for the pair to regain its traction as focus shifts to Fedspeak.
Gold extends sideways grind below $2,650
Following Monday's retreat, Gold stabilizes and trades in a narrow band below $2,650. The benchmark 10-year US Treasury bond yield stays flat near 4.2% ahead of Fedspeak, making it difficult for XAU/USD to gather directional momentum.
Chainlink holds near three-year high fueled by EU tokenized securities partnership
Chainlink (LINK) price trades slightly down around $25.50 on Tuesday following a 33% rally that was spurred by its partnership with Frankfurt-based fintech 21X for Europe’s first tokenized securities trading and settlement system.
The fall of Barnier’s government would be bad news for the French economy
This French political stand-off is just one more negative for the euro. With the eurozone economy facing the threat of tariffs in 2025 and the region lacking any prospect of cohesive fiscal support, the potential fall of the French government merely adds to views that the ECB will have to do the heavy lifting in 2025.
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