What Impacts Cryptocurrency Exchange Rates?

by

Cryptocurrencies are digital assets that are not controlled by central banks or other regulatory bodies while providing transparency and security for money transfers. This is due to the blockchain technology at the heart of cryptocurrencies.

Cryptocurrencies have nothing to do with third parties, regulators or officials, who use various anti-inflation mechanisms to keep the normal price of traditional assets at the required level.

Let’s look at how this works in the case of digital assets and what drives cryptocurrency rates up.

What Influences the Rate of Cryptocurrency?

Here are some of the aspects that can change the rate of cryptocurrency.

  • Mining of digital currencies. Crypto assets such as Bitcoin and Ethereum are produced at high cost and energy consumption. This process has received the name “mining”. Essentially, it involves participants (miners) buying expensive and powerful computer equipment that can solve complex mathematical tasks to create new blocks on the blockchain system. In return, they receive coins as a reward. While bearing huge electricity and equipment costs, mining participants receive much higher earnings.
  • Correlation between supply and demand directly impacts crypto exchange rates. If the demand for this or that coin is greater than the supply, the price will rise due to scarcity. Conversely, if there is a coin shortage, the demand for it increases. That is why many cryptocurrencies have a limited number of coins (Bitcoin). Conversely, some crypto assets are issued in unlimited quantities, and, to avoid deflation, developers have introduced a mechanism to burn crypto assets. This “burning” causes a shortage of coins, so prices do not fall.
  • The market trend and investors’ sentiment also impact crypto exchange rates. There may be an upward and downward market trend when most investors behave similarly – buying or selling crypto massively. When large portions of digital assets are sharply sold, it creates a panic mood in the crypto society, causing a chain reaction where more and more holders get rid of their crypto savings.

Crypto exchanges rates are different from platform to platform. We recommend looking for credible and reliable crypto exchanges for conducting operations with digital assets. WhiteBIT, Binance, Kraken, and Coinbase – these platforms are designed for trading cryptocurrencies and allow convenient tools for efficient trading.

Rekomendasi:

  • IELSP, an Exchange Program What is IELSP? Offered by the United State Department of State, Bureau of Educational and Cultural Affairs, the Indonesia English Language Study Program (IELSP) is a scholarship program that grants…
  • 3 Contoh Surat Lamaran Kerja Bahasa Inggris yang Baik Salah satu trik agar surat lamaran tampil beda dan lebih baik adalah dengan menulisnya menggunakan bahasa Inggris, contohnya seperti ini.
  • Suka Berinovasi? Yuk Ikut Kompetisi #DoNetworkID Teman-teman, ada lomba inovasi yang bagus buat kita ikutin nih.. Lumayan buat ngisi liburan semester, masih ada waktu dua minggu lagi sampai deadline-nya.. Namanya Lenovo Do Network.. Intinya sih kita bikin…
  • Indonesia English Language Study Program (IELSP), Deadline… diambil dari http://www.iief.or.id/index.php ?option=com_content&task=view&id=38&Itemid=8 Form pendaftaran didownload dari sini Deadline aplikasi 12 November 2009 General Informations IIEF hold an Indonesia English Language Study Program (IELSP). It is a program that…
  • Chemical Technology Show dan Seminar Nasional   The Future Technology of Chemistry!!  on November-December 2012Departement of Chemistry University of Indonesia (DoChUI)   Ini waktu yamg tepat bagi para akademisi Kimia Indonesia untuk "MEMBUKTIKAN" kontribusi terbaiknya bagi…
  • HPAIR Harvard Conference 2015 - Apply Now! The Harvard Project for Asian and International Relations (HPAIR) is student-run organization of the Harvard University Faculty of Arts and Sciences. HPAIR organizes Harvard University’s largest annual student conferences in…
  • Beasiswa GE Foundation sumber: Bachelor Students (S1) Scholarships by GE Foundation Scholar-Leaders Programme, Indonesia The GE Foundation Scholar-Leaders Program in Indonesia is a unique program that provides financial support and skills development opportunities for accomplished first-year undergraduatestudents from recognized…
  • Serunya Pengalaman EuroTrip dan Tips Student Exchange Kalau bicara student exhcange di UI teman-teman sudah bisa menebak bahwa ini Student Exchange yang diadakan oleh AIESEC UI. Pada bulan Februari saya memulai langkah baru saya untuk menginjak benua…
  • Global Undergraduate Exchange Program - Global UGRAD, Aminef… Program Description: The Office of Academic Exchange Programs in the Bureau of Educational and Cultural Affairs of the U. S. Department of State, is pleased to announce a new exchange program for undergraduate students-the…
  • MINUS and Clinic 2009 MINUS and Clinic 2009 - MUSIC INDEPENDENCE - Introducing one of the annual music events in Indonesia!! Packaged by music seminar and clinic organized by students of Faculty of Economics…
  • Stop Bullying! - Belajar dalam Damai: Acara Puncak Momentum… Dear teman-teman semua yang punya concern terhadap masalah pendidikan, khususnya bullying. anakUI.com dapat undangan dari temen-temen di Yayasan SEJIWA (LSM yang bergerak di bidang pendidikan/anti bullying). Mereka mengadakan sebuah kegiatan…
  • Contoh CV Lamaran Kerja dalam Bahasa Inggris Ingin melamar pekerjaan ke perusahaan besar & multinasional? CV kamu harus menggunakan bahasa Inggris! Lihat beberapa contoh CV lamaran kerja dalam bahasa Inggris untuk mendapatkan inspirasi.
  • Life is Full of S***. Terus Gimana? Eva Yuli Andari-YOT CA UI. Halo semuanya, berjumpa kembali di artikel saya yang ketiga setelah http://billyboen.com/patah-hati-karena-cinta-jadiin-semangat-untuk-bangkit-yuk/ jadi HT di kaskus hehehe.  Sebenarnya kali ini saya bingung mau bahas apa karena…
  • Lowongan Konsultan Pendidikan Luar Negeri (Education… MJ Education (MJE.CO.ID) is one of the leading international education consultants in Indonesia. We are providing consultancy to prospective students who are interested to study aboard. MJ Education is also…
  • Four Credit Max for Special Lecturer 19 Januari 2010 at 3:40pm Dear friends who concern in education, It's been more than a month I haven't write anything about UI's education system. This Tuesday, 19 January 2010,…
  • Jakarta Movement of Inspiration Introduction to Jakarta Movement of Inspiration Jakarta Movement of Inspiration (JKTMoveIn) is the grand collaboration of Jakarta youth in art & creativity. Here in JKTMoveIn, all the best of Jakarta’s…
  • Saat Kamu Kehabisan Uang dan Gak Tau Mau Ngapain, Ini yang… Percaya atau tidak, ada banyak lapangan pekerjaan yang menanti di luar sana meskipun kamu mahasiswa aktif dan mostly, pekerjaan tersebut bersifat teknis namun gak terlalu memusingkan. Kayak di sini.
  • Go Exchange and Experience Leadership Roles Through The… What is AIESEC? AIESEC is The World’s Largest run-by-Students and recent graduates organization. Existing in 110 countries, AIESEC network provides youth in all around the world with leadership experiences, exchange…
  • Children of Tomorrow (CoT) Description: Children of Tomorrow (CoT) is one of AIESEC Local Committee University of Indonesia’s annual Projects Based on Exchange (PBoX), which concerns mainly in educational issues. Project Based on Exchange…
  • Audit Seminar, Training, and Company Visit 2011 Name of Event: AUDIT SEMINAR, TRAINING, AND COMPANY VISIT 2011 Theme of Event: “Data Processing Tools in Information and Technology Audit to Cope with Complex Business Transaction” Time and Place:…
  • Stiker Berteknologi Fotokatalisis: Anti Kabut, Swa-bersih,… (Tulisan ini pada dasarnya adalah hasil "riset kecil-kecilan" pada Mata Kuliah Fotokatalisis di Departemen Teknik Kimia Fakultas Teknik Universitas Indonesia. Enjoy!) Pernah merasakan helm berkabut? Kamar penuh cat sehabis menggambar?…
  • CIPE Youth Essay Contest 2011 http://www.cipe.org/essay/rules.php Essay Guidelines Who can participate:  Students and young professionals aged 18-30. Length and language 2,000-3,000 words. All essays must be in English. For winners: For each category, first, second, and…
  • #Bloods? What A Violence? It was all begin when I watched the freshmen performance on my campus, called as Petang Kreatif (Creative Afternoon) at the beginning of December (Solar Calendar) and…
  • Festival of Music and Indonesia Art Communities by JKTMovein Jakarta Movement of Inspiration presents festival of music and Indonesia Art Communities at their very own Roadshow. The roadshow itself is part of Jakarta Movement of Inspiration events, with the…
  • Diremehkan? Santai aja lagi ;) Eva Yuli Andari - YOT CA UI Halo semuanya, apa kabar? Lama ngga nulis, I’m running out of ideas, feel sorry about that :). Dan seperti biasa, setelah youtube-ing, datanglah…
  • Minamas - Yayasan Sime Darby Undergraduate Scholarship… This undergraduate scholarship offer is open to Public (external candidates) Minimum Requirements: Indonesian citizen Indeks Prestasi Kumulatif (IPK) ≥ 3.00 (on scale 4.00). Currently enrolled in the recommended field of…
  • Beberapa Info Lomba Menulis Writing Contests with Multiple Categories Terrain 2nd Annual Contest Poetry entries should consist of 3-5 poems or 1 long poem. Fiction, nonfiction and essay entries may have up to 7,000…
  • Cara Sederhana Membentuk Jati Dirimu Selama Kuliah di Kampus… Apa saja hobi atau kegiatan ekstra yang dapat memberikan manfaat positif di luar jam perkuliahan? Berikut beberapa pilihan terbaik dari kami.
  • Obama Telah Mati Amerika November Lalu November tahun lalu, punggawa demokrasi, Amerika Serikat, riuh rendah dan hanyut dalam kegembiraan yang membuncah. Semua sorotan mata dunia seolah tertuju dan ikut merasakan gegap gempita “kemenangan”…
  • Live Up Your Life! Life is simple, you make choices and you don’t look back. – Han, Fast & Farious Tokyo Drift   Clarissa Rizky - YOT CA UI - January Article. Akhirnya sudah…

Leave a Comment