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BiFinance

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Blockchain
Currency Pairs
Latest Price
24H Change
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Markets
BTC / USDT
64619.46
64619.46
-0.3862%
-0.3862%
3.70K
239.32M

ETH / USDT
3514.61
3514.61
+0.0436%
+0.0436%
37.91K
133.08M

USDC / USDT
1.0006
1.0006
+0%
+0%
123.12M
123.19M

XRP / USDT
0.4899
0.4899
+0.225%
+0.225%
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16.33M

DOGE / USDT
0.1246
0.1246
+0.0401%
+0.0401%
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13.39M

SHIB / USDT
0.00001815
0.00001815
+0.6652%
+0.6652%
408.75B
7.37M

LINK / USDT
14.292
14.292
+0.2876%
+0.2876%
386.05K
5.49M

MATIC / USDT
0.5807
0.5807
+1.2378%
+1.2378%
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4.38M

ADA / USDT
0.389
0.389
+1.1967%
+1.1967%
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4.15M

LTC / USDT
74.34
74.34
-0.482%
-0.482%
51.89K
3.86M

TRX / USDT
0.11683
0.11683
+0.0342%
+0.0342%
31.16M
3.63M

DOT / USDT
5.71
5.71
+1.2052%
+1.2052%
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3.56M

FIL / USDT
4.428
4.428
+0.4083%
+0.4083%
739.10K
3.25M

EOS / USDT
0.5803
0.5803
+1.345%
+1.345%
3.92M
2.25M

BUSD / USDT
1.0003
1.0003
-0.05%
-0.05%
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2.22M

BCH / USDT
394
394
+1.0775%
+1.0775%
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1.91M

XMR / USDT
118.7
118.7
+5.5111%
+5.5111%
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807.21K

ZEC / USDT
20.36
20.36
+1.6475%
+1.6475%
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300.44K

MDX / USDT
0.04034
0.04034
+2.2042%
+2.2042%
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186.50K

YFI / USDT
5946
5946
+0.7284%
+0.7284%
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159.10K

DASH / USDT
23.88
23.88
+1.3152%
+1.3152%
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97.50K

ETH / BTC
0.05438
0.05438
+0.4247%
+0.4247%
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225.71

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BiFinance Cryptocurrencies NewsMore
2024-03-07
Bitcoin rises 10%

At 04:09 (20:09 GMT) on Wednesday, Bitcoin was trading around 67,022.7, up
10.07%. This is the largest daily gain for the currency since October 23, 2023.

This rise pushed Bitcoin's total market capitalization to $1,313.9B, accounting
for 52.29% of the total cryptocurrency market capitalization. Bitcoin's market
capitalization previously reached a high of $1,333.8B.

In the last 24 hours, the price of Bitcoin has traded between $62,848.7 and
$67,604.9.

In the past 7 trading days, Bitcoin has risen by 9.61%, and its total market
value has seen significant growth. As of press time, the total market value of
Bitcoin within 24 hours was 82.4B, accounting for 38.72% of the total market
value of all cryptocurrencies.

Over the past seven trading days, Bitcoin has traded between $60,138.2031 and
$69,063.0938. The currency is currently trading 2.95% away from its all-time
high of $69,063.09 on March 5, 2024.

Other Cryptocurrency Quotes
According to market data from Investing.com, Ethereum is currently trading at
$3,876.59, up 15.40% on the current trading day.

In addition, market data also shows that Tether is currently trading at $1.0012,
an increase of 0.15%.

The current total market value of Ethereum is $463.8B, and the current market
value of this currency accounts for 18.46% of the total market value of all
cryptocurrencies. At the same time, the current total market value of Tether is
$100.6B, accounting for 18.46% of the total market value of all
cryptocurrencies. is 4.00%.


View Details>
Ethereum rises 15%
2024-03-07

At 03:28 Wednesday (19:28 GMT), Ethereum was trading near 3,858.24, an increase
of 14.89%. This is the largest daily increase for this currency since November
10, 2022.

This rise pushed Ethereum's total market capitalization to $463.71B, accounting
for 18.45% of the total cryptocurrency market capitalization. Ethereum's market
capitalization had previously been $569.58B when it reached its high.

In the last 24 hours, the price of Ethereum has traded between $3,503.51 and
$3,899.99.

In the past 7 trading days, Ethereum has risen by 16.43%, and its total market
value has seen significant growth. As of press time, the total market value of
Ethereum within 24 hours was 45.04B, accounting for 20.09% of the total market
value of all cryptocurrencies.

Over the past seven trading days, Ethereum has remained trading between
$3,237.2808 and $3,899.9900. The currency is currently trading 20.68% away from
its all-time high of $4,864.06 on November 10, 2021.

Other Cryptocurrency Quotes
According to market data from Investing.com, Bitcoin is currently trading at
$67,095.8, up 4.76% on the current trading day.

In addition, market data also shows that Tether is currently trading at $1.0012,
an increase of 0.18%.

The current total market value of Bitcoin is $1,318.18B, and the current market
value of this currency accounts for 52.46% of the total market value of all
cryptocurrencies. At the same time, the current total market value of Tether is
$100.61B, accounting for 52.46% of the total market value of all
cryptocurrencies. is 4.00%.


View Details>
Why is Bitcoin worth investing in? Is there any room for value-added?
2023-09-11

Bitcoin, the product of a currency experiment initiated by technology geeks, has
skyrocketed since its birth, rising from a price of less than one cent to a
maximum of more than 60,000 US dollars. In just ten years, the price has
increased by more than 10 million times. .

From the perspective of income, for the whole year of 2021, Bitcoin's return
rate reached 57.31%, during the same period, the S&P500's return rate was
25.95%, the CSI 500's return rate was 15.58%, the Hang Seng Index's return rate
was -14.12%, and the gold price increased by - 4.38%. Comparing traditional
assets over the same period, Bitcoin is undoubtedly a risky asset with
investment value.

In addition, data shows that Bitcoin has only seen two annual gains end in
negative values in its history, namely in 2014 and 2018. The rest of the time it
closed in the air, which is far better than other global assets.

At the same time, news of Bitcoin skyrocketing and Bitcoin hitting record highs
have frequently appeared on the front pages of major media. Even Tesla CEO Elon
Musk stated that he has become a Bitcoin holder. One member.

So, what exactly is Bitcoin, and why does it have such a huge ROI? Why does it
get so much attention? What investment value does it have?

1. Bitcoin’s characteristics support its value growth
1) High scarcity and storage value
① As we all know, the total number of Bitcoins is constant at 21 million, and
nearly 18.7 million Bitcoins have been mined so far. However, not all mined
Bitcoins will circulate in the market, due to the loss of the private key
recorded in the Bitcoins. , the hard drive was damaged, causing many Bitcoins to
disappear permanently from the network. As can be seen from the flow chart of
Bitcoin holders below, at least 22% of Bitcoins have not been moved in more than
5 years. Therefore, even if all Bitcoins are mined, its total circulating supply
will never reach 21 million.

②Bitcoin has previously experienced a period of supply exceeding demand. On May
12, 2020, Bitcoin ushered in its third halving, and the reward per block dropped
from the original 12.5 Bitcoins to 6.25 Bitcoins. Based on the average Bitcoin
block rate of one block every 10 minutes, approximately 900 Bitcoins can be
produced every day. When Bitcoin started to rise in October 2020, the average
daily increase in Bitcoin holdings by one institution, Grayscale, reached 1,286,
far exceeding the daily output of Bitcoin in the same period. Therefore, the
rise in Bitcoin prices is foreseeable. .

2) It costs money to mine Bitcoin
Many years ago, Bitcoin mining was just a hobby, and we could mine Bitcoins
using home computers. However, as mining competition has become increasingly
fierce, and after the advent of professional mining machines, the cost for
individuals to participate in Bitcoin mining has become higher and higher.
Increasingly high, Bitcoin mining has entered a professional era of scale and
concentration. From equipment procurement, finding preferential electricity
prices, mining site selection and construction, to dedicated management and
post-maintenance, each step requires a lot of capital investment.

The output of Bitcoin is halved every four years, which means that the number of
Bitcoins mined with the same computing power will decrease, which means that the
cost of a single Bitcoin will increase. In addition, OKLink data shows that the
computing power of Bitcoin's entire network has been rising. The more computing
power, the greater the difficulty of mining, and the higher the cost of
acquiring Bitcoin.

Bitcoin has rarely fallen below its own mining cost price in history. Once it
does, some miners will choose to stop their losses and leave because they are
mining at a loss. At this time, the computing power will drop and the mining
difficulty will decrease. It will also be lowered accordingly, and the cost of
Bitcoin will also drop accordingly. Therefore, some people believe that the cost
of mining has certain reference significance for the price of Bitcoin.

3) Anti-inflation storage of value investment products
Since Bitcoin does not rely on a specific issuing institution, but is generated
through a large amount of calculations based on a fixed algorithm, its
attributes such as "decentralization", "constant total amount", and "openness
and transparency" make it popular among more and more people. Accept and admire.

Previously affected by the COVID-19 epidemic, most central banks have initiated
loose monetary policies. In the context of global flooding, inflation
expectations have heated up, and investors' demand for cash hoarding has
transformed into a demand for "anti-inflation and higher returns". Therefore,
gold is a The "King of Hedging" stands out. Bitcoin, known as "digital gold",
has become increasingly popular in recent years due to its room for growth far
greater than that of gold, coupled with its scarcity and low correlation with
traditional assets. As investment channels become more regulated, Favored by
institutions.

At present, we see that more and more listed companies, private companies, and
fund companies are beginning to add Bitcoin to their investment portfolios. In
addition to diversifying investment risks, it also plays a role in increasing
returns. Bitcoin investing is becoming increasingly mainstream. JPMorgan Chase
has said that Bitcoin could surpass gold as millennials become a more important
part of the investment market and prefer “digital gold” to traditional gold.

Ten years ago, the price of a Bitcoin was no more than 30 US dollars, but now
the value of Bitcoin reaches a maximum of 60,000 US dollars, significantly
outperforming inflation.

However, some people believe that although the price of Bitcoin continues to
rise, it is highly volatile and has high investment risks. But in fact, with the
entry of institutions and the increasing improvement of Bitcoin investment
tools, such as the launch of Bitcoin ETFs, JP Morgan Chase believes that the
volatility of Bitcoin has tended to normalize recently. In addition, its
correlation with other traditional assets is declining, making Bitcoin a more
attractive target for a diversified investment portfolio. Of course, if the time
period of Bitcoin is extended, as we mentioned above, Bitcoin's annual increase
has only declined twice since 2011. It can be seen that investing in Bitcoin is
a cost-effective thing.

4) Various real-life application scenarios
In October 2020, PayPal, a well-known global payment service provider, allowed
customers to buy, sell and hold Bitcoin and other digital assets, which may help
Bitcoin and other digital assets gain wider adoption as viable payment methods.

In March 2021, Tesla's official US website supported Bitcoin payment for car
purchases. Although the Bitcoin payment method only supports domestic users in
the United States, Tesla stated that it may open up other markets in the future.

At the beginning of 2022, amid the chaotic situation between Russia and Ukraine,
digital assets such as Bitcoin have become tools for the two sides to play
against each other. They have become increasingly involved in the war, becoming
hedging options, emerging war crowdfunding tools, and even means of sanctions
and counter-sanctions. .

Summary: As the first application of blockchain, Bitcoin has exceeded the market
value of one trillion U.S. dollars after years of development and has become the
top 8 assets in the world. Different from the previous bull market, this round
of Bitcoin bull market is driven by institutional investors and high-net-worth
individuals. In the context of global low interest rates, institutions hope to
obtain excess returns by investing in cryptocurrencies. Bitcoin and gold have
many similarities in terms of inelastic supply, divisibility and transfer. In
recent years, they have tended to develop in the value reserve function. The low
correlation and high return of Bitcoin with traditional assets will also further
promote Financial institutions adopt Bitcoin in the future.

2. Bitcoin still has room to increase in value
1) Institutional giants enter the market strongly
As early as 2019, Wall Street financial giants sounded the clarion call to enter
the blockchain field. At the beginning of 2020, "Grayscale Bitcoin Trust" was
successfully registered with the U.S. SEC and became the first digital asset
investment vehicle to report to the SEC. This milestone event paved the way for
institutional compliance and made Bitcoin more accessible to institutions. More
attractive. Since then, Grayscale has started a “buy, buy, buy” model. Since
Bitcoin started its full-scale rise in October 2020, Grayscale’s Bitcoin
holdings have increased from 450,000 to 650,000 in four months, with an
additional 200,000 being added. Grayscale’s daily accumulation rate exceeds the
daily production of Bitcoin, which can be seen as the main factor driving this
bull market.

In addition to Bitcoin fund companies such as Grayscale buying Bitcoin, listed
companies such as MicroStrategy, Tesla, Square, etc. are also buying Bitcoin in
large quantities. According to Bitcoin Treasures, as of April 2022, major listed
companies, private companies, fund companies, etc. hold a total of more than
1.24 million Bitcoins, with a total value of US$57.2 billion.

It can be seen that more and more companies are beginning to use Bitcoin as a
value storage tool, which will further expand the popularity and influence of
Bitcoin, and the increase in Bitcoin market popularity will be reflected in the
price of Bitcoin, so institutional investment The profit margin will also
continue to increase.

2) Well-known figures have entered the market with high profile, and the market
popularity has greatly increased.
As the influence of Bitcoin increases, more and more famous people say that they
have participated in investing in Bitcoin. Among them, Tesla CEO Elon Musk
expressed his support for Bitcoin in a chat on the social media Clubhouse. , and
believes that Bitcoin is about to be widely accepted by traditional financial
people. NBA Dallas Mavericks owner Mark Cuban said that Bitcoin is a better
alternative to gold and will continue to exist, which is why he owns Bitcoin and
has never sold it.

Data shows that Bitcoin’s on-chain transaction volume and number of active
addresses have doubled, indicating that the market remains hot.

Conclusion:
Since its birth in 2009, Bitcoin has gone through more than ten years. It has
gone from a niche toy that geeks are interested in to a popular investment
product that ordinary investors can now participate in. During this period,
Bitcoin encountered countless "death" moments, but the attributes and
characteristics endowed by the technology behind it have made Bitcoin's
consensus increasingly strong. More and more investors regard Bitcoin as a
response to inflation risks and the dollar. Weak hedging instruments. Historical
data shows that Bitcoin is the best-performing asset over the past decade, and
those who embraced Bitcoin early on have reaped higher returns than any other
asset.


View Details>
BTC breaks through $21,000, and the total market capitalization of
cryptocurrencies returns to trillions of dollars
2023-03-20

The cryptocurrency market is showing signs of recovery.

On January 14, the market data showed that the price of BTC broke through 21,000
US dollars, and the current price is 21,065 US dollars, an increase of 11.99% in
24 hours. Ethereum also traded higher, last quoted over $1,500 at $1,558, up
more than 20% so far this year.


The world's largest cryptocurrency by market capitalization started the week
near the $17,000 mark after hovering around the $16,000 region since
mid-December. At $20,250, BTC is up more than 20 percent in the first two weeks
of the year. However, compared with the peak of breaking through $65,000 in
November 2021, BTC is still at the bottom of the bear market.


Benefiting from the recovery of the two leading players, the total market
capitalization of cryptocurrencies broke through one trillion dollars again.
According to data from CoinGecko, on January 14, the total market value of
encryption returned to above $1 trillion, and it was $1,022,285,681,934 as of
press time, a 5.2% increase in 24 hours.

Encryption-related stocks also benefited from this week's gains, with Coinbase
(COIN), the largest U.S. compliant encryption trading platform, up 39% this
week, while BTC miner Marathon Digital Holdings (MARA) soared 76% this week.


In the past 2022, cryptocurrencies have experienced a tragic liquidation wave.
Against the background of the Federal Reserve’s aggressive interest rate hikes,
the downfall of FTX and Three Arrows Capital has caused the prices of
cryptocurrencies to continue to fall. According to Wind data, in 2022, in the
performance of major global asset classes, BTC will rank the bottom with a
65.41% decline. When 2023 comes, the price of BTC has hovered at the $16,000
mark for several months.


Like cryptocurrencies, U.S. stocks also ushered in a recovery, with the S&P 500
up 0.40%, the largest weekly gain in the past two months. The Dow Jones gained
0.33%. The Nasdaq gained 0.71%. The Nasdaq 100 rose 0.71%, its sixth straight
session of gains and its longest winning streak since 2021.

View Details>
About US
About BiFinance


BiFinance, the full name of "BiFinance Group", was registered in Hong Kong,
China in 2022. It is the digital currency asset trading business of the
alternative investment sector developed by Donghao Securities. The founding team
are all from Hong Kong

BiFinance, an institutional-level digital asset trading platform, uses
innovative investment research review standards to discover global high-quality
digital asset targets. Currently, it provides transactions for a variety of
mainstream cryptocurrencies and continues to conduct research and development of
digital derivative products, providing safe, stable, and convenient diversified
encryption services to global encryption users. Relying on many years of
experience as a securities firm in traditional finance, it is an industry leader
in terms of technology platform, rich product lines, security risk control
system and operation and maintenance system.


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