From Bitcoin to Dogecoin: What's Driving Cryptocurrencies' Rise - News Summed Up

From Bitcoin to Dogecoin: What's Driving Cryptocurrencies' Rise


Limitations on stock trading by brokerage firms earlier in the year might have pushed some Reddit day traders to crypto, investors say. Dogecoin's wild swings are a warning to bitcoin investors as well. Futures and Options TradingTrading volume has climbed during the pandemic as a growing pool of investors have gained access to crypto markets through a variety of platforms. The fees have skyrocketed as cryptocurrencies have exploded in popularity, limiting the rationale for using bitcoin for small transactions. That has led to concerns that bitcoin's rise could have a larger environmental impact than other cryptocurrencies as more computers are deployed to find bitcoin, using more electricity than previously.


Source: Bangkok Post May 17, 2021 12:56 UTC



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