How Is the Price of a Cryptocurrency Calculated?
How Is the Price of a Cryptocurrency Calculated?
The price of a cryptocurrency is calculated by taking the unconverted price directly from the crypto exchanges and converting it into US dollars or another available currency (BTC, ETH, EOS). The calculated data updates every 8 seconds.
Fact: The highest Bitcoin price was registered on the 17th of December, 2017. On this day, the price for 1 BTC reached $20,089. Conversely, Bitcoin saw its lowest price on the 5th of July, 2013 when the price for one BTC was $65.43