US stock markets collapsed on June 10 after the Consumer Price Index (CPI) report showed that inflation had risen 8.6% from the previous year, the highest increase since 1981. Recent or latest data show that the inflation rate is higher than before. according to Bloomberg, investors value the key interest rate at the end of the year at 3%.
Bitcoin (BTC) continued its strong correlation with the S&P 500 index and fell below $ 30,000 on June 10. Analysts are still divided on price developments in the short term, but Fundstrat co-founder Tom Lee told CNBC that bitcoin may already be low. . However, Lee seems to be lowering his expectations because he said the bitcoin could "stay at the same level all year round, maybe even up".
Daily performance of the cryptocurrency market. Source:
Daily BTC / USDT chart. Source: TradingView
Daily ETH / USDT chart. Source: TradingView
Daily BNB / USDT chart. Source: TradingView
Daily ADA / USDT chart. Source: TradingView
Daily XRP / USDT chart. Source: TradingView
Daily SOL / USDT chart. Source: TradingView
Daily DOGE / USDT chart. Source: TradingView
Daily DOT / USDT chart. Source: TradingView
Daily graph AVAX / USDT. Source: TradingView
Daily SHIB / USDT chart. Source: TradingView
What is Crypto Exchange?
The cryptobourse is nothing more than a digital marketplace where traders from all over the world buy and sell bitcoins as BTC tokens. This area of exchange opens up many investment opportunities for many people. This is why many people come to these platforms to sell bitcoins.
Platforms like the bitcoin era provide people with an easy way to trade successfully, and many investors prefer it. The role of the bitcoin exchange: The role of the bitcoin exchange is similar to the traditional exchange approach we have seen. Here, exchange platforms are responsible for bringing buyers and sellers to the stage.
Stock market traders may have market orders or limit orders where they can buy or sell more bitcoins depending on the price. In order for a trader to make a profit, he must sell at a higher price than the currency being bought, or he must buy at a short price for future sales opportunities.
So these are the principles of an exchange platform. It is easy to do business through exchange platforms. You must first register with them and open a bitcoin account. Once verified, they will need to enter their payment information and set it up for future transactions.
Then they need to link the bitcoin account to their bank accounts. Now you need to put the funds in a bitcoin account. After completing these steps, they are ready to start using the bitcoin exchange platform. Now they can buy bitcoins.
What are the different trading platforms?
There are basically two types of interchangeable areas - centralized and decentralized. Central Bitcoin Exchange: This is an exchange in which a centralized agency or a third party is involved. Most cryptocurrency platforms follow this approach. There is a separate partner bank that allows you to conduct transactions with fiat currency.
This system has some advantages and disadvantages. Because it is entirely based on user interactions, the platform is easy to use. It is easier for the first investors to browse the platform and make transactions. In addition, these platforms also provide users with many tutorials to help them better understand the platform's features.
Many people also rely on this type of platform because connecting to a centralized third party gives them more reliability in the system. However, such platforms are also vulnerable to hackers and have various hacking capabilities.
And like all institutions, such platforms charge a fee that runs counter to the basic foundations of Bitcoins.
