Chart for BTC/USD (1W)

Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way. If this had been a currency pair, for instance EUR/USD or GBP/JPY or a stock, there would be no debate regarding the actual and perceived value.

Continue reading Why Bitcoin (BTC)’s Price Is A False Indicator Of Actual Value at Crypto Daily™.

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