Why the Bitcoin rate is relevant
The Bitcoin course receives a large part of the public attention. Rightly, because the price combines all available information on the market and gives an indication of the fundamental value of BTC.
The development of the Bitcoin course is enormous. In the first two weeks of the new year alone, the rate of the crypto reserve currency heaved up to 40 percent above the closing level of the previous year. The current annual high is 41,880 US dollars (USD).
The Bitcoin course in US dollars in the monthly chart.
At BTC-ECHO, too, we deal with the price trend on a daily basis in the market update . But why do you keep talking about the price?
Markets and Prices
In the interplay between supply and demand, the price plays a decisive role. You could say that the price of an asset reflects the essence of what price the market deems appropriate. Expectations about the future value, the availability of the good, the news situation, the...