One of the first questions that someone who has just started using Bitcoin would probably ask is, who dictates the value of the currency? Well, there are a wide variety of factors that play quite an important role in whether the value of Bitcoin raises and whether more people start using the cryptocurrency for their everyday needs. Today, we’ll discuss about whether a weak economy in a certain country would …
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Bitcoin loses another 15% in value during the first one hour of Asian trading session. Although, a little slow in catching up, leading US Dollar denominated exchanges BitStamp and BitFinex followed its CNY counterparts in a high volume driven selling. This move further reinforces the position of China as the market leader in Bitcoin. While there may be early signs of capitulation, this is what it must feels like to …
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