Back on Sunday, bitocin fans could enjoy the value of $ 40,986 (CZK 881,740), but on Monday morning the exchange rate dropped to $ 32,377 (CZK 696,820). Which is the course the world’s most famous cyber change last took on January 5th.
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At the same time, the exchange rate is falling not only in the case of bitcoins, but also in the case of other cyber currencies, often by tens of percent in a single day. For example, macro coins, XRP, stellar, nano, siacoin or decentraland. However, the exchange rate fell by at least one percent for virtually all cyber currencies.
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Development of bitcoin value
Bitcoin experienced such massive growth as last week at the end of 2017, when the value climbed above the level of $ 20,000 (CZK 430,430), specifically one coin was trading at the peak for $ 20,410 (CZK 439,260). But then came a sharp fall to less than $ 4,000 (CZK 86,090).
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At the time, some analysts described the Great Depression as a bubble reminiscent of the infamous tulip crisis of the first half of the 17th century (1634-1637).
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It is necessary to emphasize that virtual currencies do not have a single price, they are traded on stock exchanges and exchange offices depending on volatility. Differences in prices can vary in the order of several thousand crowns.
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Bitcoins and other virtual currencies
There are many virtual currencies. One of the oldest and currently the most popular are the so-called bitcoins. They were created in 2009, but have enjoyed greater popularity in recent years. This currency was designed so that it could not be influenced by any government or central bank.
Cyber coins are “minting” a network of computers with specialized software programmed to release new coins at a steady but declining pace. The number of coins in circulation is expected to reach 21 million in the end, which is to be around 2140.
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