Bitcoin is the world’s first decentralized cryptocurrency, a sort of digital asset that records, signs, and sends transactions over the Bitcoin blockchain using public-key cryptography. Bitcoin has recently gotten more stable. Though there have been some ups and downs in the price of bitcoin in dollars, financial experts believe that this cryptocurrency is bound to flourish in the coming future.
Unlike fiat currencies like the US Dollar, Bitcoin and other cryptocurrencies are unaffected by monetary policy. This distinguishes it from other currencies in that its value is solely determined by how much people are ready to pay for it and how much its users believe in it.
Considering the hype about the price of bitcoin in dollars, keeping an eye on the value of Bitcoin would be a wise decision, especially if you’re hoping to profit from an investment. Even if you’re not an investor, it’s a good idea to be prepared in advance.
Where Can You Track the Price of Bitcoin in Dollars and Other Currencies
There are various services, platforms, and tools that provide up-to-date and historical Bitcoin and cryptocurrency prices to assist you to make better trading decisions. Some popular platforms are stated below:
CoinDesk’s Bitcoin price tracker includes a Bitcoin Price Index (BPI) that aggregates prices from three major Bitcoin exchanges: Bitfinex, Bitstamp, and BTC-e. The price data or BPI from any of the 3 exchanges can be displayed on the graph. Mt. Gox’s historical data is also provided.
Closing and Open, High, Low, Close (OHLC) price data are also available on CoinDesk. The graph’s time frame varies from 1 hour to an all setting that spans as far back as feasible. You can also specify a specific time window.
Read more: where to find bitcoin mining machine in Dubai.
Coinbase doesn’t have a dedicated price tracker, but it does have a Charts view that shows the price of Bitcoin. Coinbase features graphs that show the price of bitcoin in dollars and the number of Bitcoin transactions every day. Coinbase is a tracker that also keeps track of transaction volume, which may be useful to some.
You can choose the time range of the graph, which ranges from 1 day to All, just as most other trackers. Like CoinDesk, you can also specify a specific time window.
Blockchain takes data from Bitcoinity (another bitcoin price tracking platform) and presents it in a little more user-friendly format. Blockchain records three currencies: USD, EUR, and GBP. Also, blockchain displays the BTC-e chat room in a small window, allowing you to keep up with all the latest news and discussions.
The price chart on Blockchain has a time range of 10 minutes to 6 months, while the change graph has a time range of 1 minute to 1 hour. The change graph can also be zoomed in and out.
Check Bitcoin Price Before Going for Mining Bitcoin Dubai
Hence, it is advisable to check the price of bitcoin in dollars before diving into crypto mining realm. Another important element to consider is the type of mining machines you use. For that, opt for a reliable and secure crypto mining machine company such as Bitmain. Phoenix is the leading distributer of Bitmain in the Middle East region. Get in touch with us today.