Bitcoin Price Jumps Over $735 As Donald Trump Wins US Presidency

When advocates for newer Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term say that they offer superior technology, bitcoin supporters many times answer that its legacy as the first Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term based asset make it the gold standard - and now this appears to be proved correct. As world opinion, pollsters and the media are all shocked by the surprise win of Donald Trump, investors globally are dumping many assets but a few considered shock-resistant: gold and bitcoin.

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The BTC/USD exchange rate now stands close to $739 and generally is moving around but above $375. Only yesterday it was stuck around the $700 level so it can be said that President Trump delivered a 5% increase to bitcoin prices. The trading volumes supporting the move are also impressive at about $120 million in USD pairs alone.

This move helped bitcoin completely erase the drop after rumours came out of China that is looking for ways to stop bitcoin transactions again. The exchange rate has even rose higher when than the release of Segregated Witness, SegWit, marked the possible beginning of the end for the Bitcoin scaling debate.

Charles Hayter, the CEO of CryptoCompare.com, comments: "The Trump presidency brings uncertainty to the world stage - along with Gold, Bitcoin is being used as a hedge to global troubles. This is Brexit on steroids in terms of its calamitous macro political shifts to the status quo. The key thing is people do not know what Trump means - its uncertainty and that gives bitcoin momentum."