Bitcoin is the leading crypto asset, which is a driving force for the entire market. BTC has the highest price and market capitalisation. However, in 2022, the asset lived through collapse when the BTC price dropped from $45 to $20.
BTC price index is usually determined by the ratio to a dollar. USDT is a stablecoin pegged to the US dollar, and BTC USDT is one of the most traded crypto pairs.
Looking at the BTC live chart, we can say since March 2022, and the BTC USDT rate has fluctuated between $45 to $19. As of early November 2022, the value of the assets is $20,43.
Let’s see what affects the Bitcoin rate:
- The complexity of receiving Bitcoins. Mining is getting more and more costly and complex with time.
- Competition in the market.
- Current trend. For example, since spring 2022, the market has lived through crypto winter.
- The global economy and it’s changes.
- Inflation.
- Local restrictions imposed on mining and trading in some countries.
Where Can I Keep Track of the Bitcoin rate?
To see the BTC live chart, you can go to the Coinmarketcap resource and click Bitcoin. The chart pictures the price and market capitalisation in real-time and allows one to pick any timeframe and see how the indicators fluctuate during different periods. For example, you can select a year, month, day, week, etc.
If you want to buy Bitcoin, you can do it on any crypto platform, including WhiteBIT. It is a centralised platform with a variety of trading tools and ensures safety for your investments. The platform provides everything needed for investment and trading: tools, charts, a wallet, a crypto calculator, and low fees.
For more information about the WhiteBIT exchange, visit its official website and blog.
