Drożdż, S., Gȩbarowski, R., Minati, L., Oświȩcimka, P. & Wa Torek, M. Bitcoin market route to maturity? Evidence from return fluctuations, temporal correlations and multiscaling effects. Chaos 28(7), 071101 (2018). Will bitcoin rise again The dollar value of bitcoin trading volumes on major exchanges over a 7-day period jumped to $151 million, the highest in nearly two months, according to data from Blockchain.com.
The digital token slid 4.2% to $30.05K at 4:24 p.m. ET, after reaching as high as $31.7K in the prior session, when a U.S. District Court judge ruled that Ripple's XRP (XRP-USD) is not a security in terms of sales to the general public. 10. Elon Musk: “BTC will make it, but might be a long winter” The second reason is that because exchanges are the gateways for most people, they can control what "Bitcoin" their users see. In this sense, exchanges are central servers for their clients. As a result, users implicitly agree to the rules of the version of Bitcoin that the exchange has adopted.