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Usd-btc
The USD/BTC pair is a popular currency pair in the forex market. The US dollar is the base currency and the bitcoin is the quote currency. This pair is often traded by speculators who believe that the value of bitcoin will increase against the US dollar.
On October 1, 2013, the value of one bitcoin was just over $100. By December 17, 2013, the value of one bitcoin had reached a high of over $1,200. As of January 8, 2017, the value of one bitcoin was just over $1,000.
So, what has caused the value of bitcoin to fluctuate so much?.
There are many factors that can affect the value of bitcoin, including global economic conditions, geopolitical events, and regulatory changes.
For example, the devaluation of the Chinese yuan in August 2015 caused the value of bitcoin to increase, as investors sought to protect their investments by buying into alternative currencies.
Similarly, the announcement by the US Federal Reserve that it would begin raising interest rates in December 2015 caused the value of the US dollar to increase, and the value of bitcoin to decrease.
It is important to remember that the value of bitcoin is highly volatile and can fluctuate significantly in a short period of time. Therefore, it is important to do your own research before investing in this digital currency.
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