Previously, Bitcoin trading was small and went un-noticed but now, with the passage of time the volume has increased and every day, there are tens of billions worth of bitcoin exchanges taking place everywhere. This time, the Bitcoin’s ride has taken it to a life time high of $2,999.97. Bitcoin has seen a piercing drop from its high points.
Currently, the crypto currency is trading down by $223 or 7.6% at $2,618 a coin at the time of writing this article. The ban on client’s withdrawal has been lifted due to China’s three of the biggest bitcoin exchanges. Earlier in April, Japan’s government announced that the crypto currency has been approved as a legal payment method in the country.
This year, Bitcoin went up to 187% this year and the meteoric rise has urged tech billionaires to consider it as a bubble. The market is determined on waiting for the U.S. Securities as well as Exchange Commission’s ruling for the exchange traded fund that had been started by the Winklevoss twins. The SEC rejected ETF along with another back in March.
For now, Bitcoin is really important as it has been creating global networks that are believed to be changing the way businesses operate. It is believed to be making a stronger ecosystem for the market itself.
See the latest Bitcoin price here
Via: Business Insider