Bitcoin as a Safe Haven Currency for digital trading, The virtual currency has been well supported by safe-haven demand in recent weeks, as it is one of the few asset classes that can act as a hedge against fiat currency fluctuation. But beware of the risk market of Bitcoin prices
Bitcoin is transferred and traded to all over the world, Elsewhere, yuan-denominated Bitcoin prices on Shanghai based BTC CHINA rose ¥98.09, or 5.23%, to trade at ¥1,974.00, prices on Beijing based increased ¥192.47, or 11.39%, to trade at ¥1,882.57, meanwhile Bitcoin prices on OK COIN soared ¥290.60, or 17.22%, to trade at ¥1,978.49.
So what the currency type of Bitcoin?, Bitcoin is digital cash and is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.
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