Bitcoin Exchange rates
The first exchange rates for Bitcoin were calculated and published in October of 2009. It was a simple calculation that divided one US dollar by the average cost needed tomine a single bitcoin. The first rate published was approximately 1,300BTC for 1USD.
Today the free market determines the price of Bitcoin. Factored into the price by the market are many elements that include government reactions to Bitcoin, price rallies, adoption announcements, and investor speculation. Occasionally, the exchange rates have experienced sharp gains followed by steep losses, sometimes prompting the news media to make extreme or exaggerated claims, such as “Bitcoin is dead”. Yet, despite all the excitement from the ups and downs of trading, the Bitcoin network continues to operate independently of its trading price. We’re truly seeing the digital version of gold standing on its own. Similar to most commodities, Bitcoin’s exchange rate can be listed in many different currencies, such as US dollar and Euro, as well as in its price against some commodities such as gold and silver. To get a better feel for its current exchange rate, let’s quickly highlight the major pricing events in its six years of history.
I f you need check current exchange rate you can visit: https://eo.market/ to check rates or https://eo.finance/