Following recent US-Iran tensions, which saw Iran go from a medium to a no-go zone for financial institutions, and its currency devalue to the detriment of its buyers, Bitcoin Price at https://www.webull.com/quote/ccc-btcusd took a huge hit, dropping more than 25% in value in just one day! But now, after substantial de-celeration in US-UK trade war, and a cooling off in between the two major countries, Bitcoin Prices has dropped back down to about 7%, well off of its previous highs. This is very good news for those who believe in the merits of this new and very popular virtual currency!
In comparison, when the economic crisis struck the value of the dollar throughout the world, it took years for it to bounce back. Not even a year! The fact that the value of currencies has dropped by 25% in less than a month makes you wonder if maybe investors are seeing the golden opportunity in digital currency, or if they are simply overlooking the potential benefits. One thing is for certain though, there is a lot more bullish sentiment within the markets of major currencies, which are driven by different economic indicators.
As previously mentioned, this bullish sentiment is also accompanied by a number of other factors, such as the large number of institutional traders switching their money over to this sort of trading, coupled with the large volume of institutional traders who have been pushed over to the platform. Day traders and scalpers, who focus on small gains and profits, have also been drawn into the trading, with many of them reaping the benefits of this new trading method.
All in all, it looks like there is a lot of money to be made in the day trading markets of major currencies. With the volume of traders going online every day, it is easy to see how this trading method has been able to gain traction amongst traders, especially amongst those who have previously traded options or stocks. In fact, many experts have predicted that the popularity of this sort of trading, which revolves around small price movements and trends, will continue to grow, and perhaps exceed even the volume of traders currently trading on the equity market.
One of the reasons why the adoption of or has occurred so rapidly is because of the low transaction costs associated with the system. Although there are costs associated with transferring the currency from one market to another, there are no charges levied when trading in the base currency of the issuing nation, as well.
Transactions are processed at a fraction of the cost that would be incurred when trading in Fiat currencies, or traditional commodities such as gold. If the costs of operating the conventional ATM machine were compared to those of conducting a small range of trades using bitcoins, it would be clear to see how much savings would accrue. The adoption of or has been met with a great deal of enthusiasm by both retailers and merchants worldwide, and with this being the case, it is evident that there is still a great deal of untapped revenue in the market for selling goods and services to customers. You can find more information from Bitcoin news.