What is the currency of Biyuan Coin (Bitcoin today’s price)
What is the currency of Biyuan Coin? How is Bitcoin obtained? One way is through
What is the currency of Biyuan Coin? How is Bitcoin obtained? One way is through mining rewards.
In the world of blockchain, there are two types of currencies: sovereign currency (fiat or legal currency) and encrypted tokens generated based on algorithms, and decentralized protocols (DApps). These two currencies have different uses and characteristics. For example, the ERC20 protocol on Ethereum (such as EOS, TRON) can be used to create new smart contracts, provide liquidity, and serve other on-chain applications. These assets are issued by projects native to the Ethereum network, and their value mainly comes from the consensus mechanism of Bitcoin and the developer community of Bitcoin Cash and other projects.
Bitcoin today’s price
According to the market data from Huobi Global, the price of Bitcoin today had a slight decline to around $58,000 before rebounding and currently stands at around $54,100. Looking at the daily chart, BTC was running within a high range of volatility with yesterday’s closing price at $56,179.89. Looking at the 4-hour chart, the Bollinger Bands are open, the MA30 moving average is crossing above the 10-day moving average, RSI and Stoch are both hovering below the 50 level, and the KDJ indicator shows a downward divergence with signs of a death cross formation. Overall, the trend of Bitcoin today is relatively strong and has broken the previous narrow range of oscillation, but there is still a need for a short-term pullback. As of 18:30, the specific performance of mainstream coins on the Huobi platform is as follows:
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