Bitcoin and other cryptocurrencies on Wednesday
In 10 years since the most well-known cryptocurrency came to existence, the digital currency market revolutionized the understanding of currencies. Bitcoin, as well as Ethereum, Litecoin, and others, significantly affected the traditional financial institutions. People from all over the world are using digital currencies even for everyday tasks. Everything has its advantages and disadvantages, the digital currencies are not an exception.
The popularity made them more vulnerable to market instability. It means that every time the price of Bitcoin falls, this news affects the mood of the cryptocurrency owners. However, is typical situation for Digital as well as fiat currencies. However, there is no need to start selling Bitcoin’s as the price most likely will become higher in several days or even hours.
The good news for people who are willing to invest in the cryptocurrency came from Argentina. Huobi Group made the decision to open the digital currency exchange in the country. It is important to mention that Singapore based crypto and blockchain company Huobi Group will offer its service in Argentina. The CEO of Huobi Argentina Carlos Banfi stated that Argentina has a huge potential when it comes to the cryptocurrencies.
The Huobi Group continues to expand as before announcing this decision, it obtained license in Thailand. This happened in July when it received permission to operate a fully-regulated digital currency exchange. Huobi Thailand will become operational in the third quarter of this year.
Cryptocurrencies on September 18
Bitcoin is the biggest digital currency in terms of market capitalization. It means that crypto investors and analysts pay more attention to this cryptocurrency. Bitcoin experienced problems for the last couple of days. Bitcoin’s price is $10,128.
Litecoin’s price is $76.06
Ethereum strengthened its position after surpassing the $200 level. At the moment, Ethereum’s price is $211.
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