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Top 5 Factors Influencing Bitcoin Price in Middle East

Bitcoin has become an incredibly prominent asset in its own right, as a new investor, you should get familiar with the top 5 factors that influence Bitcoinu2019s value.<br>To know more:- https://blog.fasset.com/top-5-factors-influencing-bitcoin-price-in-middle-east/

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Top 5 Factors Influencing Bitcoin Price in Middle East

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  1. Top 5 Factors Influencing Bitcoin Price in Middle East Email ID-admin@fasset.com

  2. About Fasset • Fasset is a cryptocurrency exchange operating in the Middle East GCC regions currently. It is a cryptocurrency exchange seeking to create sustainable investment structures and help people from developing nations gain financial access through leveraging the technologies of blockchain and cryptocurrencies. • Fasset is a cryptocurrency exchange currently operating in Dubai. It aims to expand and operate in other GCC regions like Bahrain and Saudi Arabia and also in Asia.It currently operates under license from Malaysia’s Labuan Financial Services Authority as well as CBB’s Regulatory Sandbox. Users of Fasset can be rest assured that the exchange uses state-of-the-art security to protect information and funds. • This cryptocurrency exchange aims to provide people all over the world with easy financial access by leveraging the technologies of blockchain and digital assets. More specifically, Fasset aims to provide sustainable investment outlets for investors globally. One of the core ethos that Fasset operates on is to have a positive and sustainable impact on the environment. To be an environmentally-conscious and responsible corporation is vital in today’s world.

  3. Overview • Fasset is your number one personalized online trading platform for some of the most desirable digital assets in the cryptocurrency market.  • We offer everyone (18 years and over) the chance to grow their digital asset portfolio by investing in various cryptocurrencies. . • We also provide a safe crypto exchange where you can deposit fiat money into your user account and trade it for digital assets without any cause for alarm.  • If you reside in the United Arab Emirates (UAE), you should know that you can hold, buy or sell cryptocurrencies per stipulations by the Securities and Commodities Authority (SCA). • We provide that link between you and the seller of digital assets or you and the buyer of crypto. Our job is to make your trading experience a satisfactory and successful one. Click here to read the full blog

  4. A Quick Overview of Cryptocurrencies and the Blockchain • Cryptocurrency • Cryptocurrency can be shortly defined as a virtual medium of exchange and this is why cryptos are popularly referred to as coins. • The novel features include: • Transactions are verified with full transparency; • Transaction dataes are recorded permanently and cannot be changed, ever; • No costly and time-consuming intermediaries to validate financial transactions like banks. • Blockchain • You’re probably wondering what makes these crypto features so cool and innovative. • Well, that’s all because of the decentralized blockchain that underlies cryptocurrencies. • This technology allows transactions to be verified by peer-to-peer computerized nodes and recorded on the public ledger on the blockchain. • It’s a large global digital database! • The decentralized blockchain also has many use cases beyond just finance in industries like healthcare, accounting, construction and a whole lot of others in the Middle East. • So, as you can see, blockchain is continuing to revolutionise the way business is done. • it’s no surprise that demand for blockchain is picking up globally for many different use cases. • Blockchain adoption has especially been picking up pace in the Middle East. Click here to read the full blog

  5. Top 5 Factors Influencing Bitcoin Price in Middle East • 1. Bitcoin User Adoption Rates • Bitcoin has had quite the story when it comes to user adoption of the cryptocurrency. • In its early days, Bitcoin’s status as a game-changing crypto was often met with confusion and doubt. • But, Bitcoin’s support grew to new heights in 2017 with retail investors showing strong signs of adoption and curiosity in the decentralised nature of Bitcoin. • Fast forward to 2020 and Bitcoin price has seen considerable growth because of something unseen before: institutional adoption. Click here to read the full blog

  6. 2. Crypto Market Cap Trend  • The market cap trend direction is a very important piece of the crypto puzzle for investors to look out for! • If you’re unfamiliar with the term market cap (short for market capitalization) then look no further. • In simple terms, market cap is the total market value of a coin. • In this case, Bitcoin’s market cap alone is hovering between $600B to $750B thanks to rising adoption rates! • 3. Hard Forks • Let’s talk about the occurrence of hard forks and why they are instrumental in Bitcoin price changes. • To start, ‘hard fork’ is a common crypto jargon used to describe the splitting of a blockchain protocol because of changes made in the software codes of the blockchain. • Bear in mind that the crypto community is always wanting to reinvent core rules and innovate features so it’s no surprise changes like these happen from time to time. • Taking a closer look at the Bitcoin protocol’s hard fork – the Bitcoin community argued over changing the core rules of the blockchain which resulted in a split that created Bitcoin Cash. • With Bitcoin Cash, members of the Bitcoin community that wanted to increase scalability could now do so in the way that they wanted. Click here to read the full blog

  7. 4. Halving Rewards and Bitcoin Price • Halving rewards on the Bitcoin network is all about playing with demand and supply. • It’s a vital event to pay attention to when dealing with Bitcoin investments and price movement. • What’s halving all about? • Let’s start with the supply of Bitcoin which is programmed at 21M; only 21M Bitcoins will ever be mined and circulated which gives Bitcoin scarcity and no inflationary tendencies like fiat currency. • Every 4 years, Bitcoin blocks mined are programmed to be cut in half to maintain scarcity. • This has historically pushed up prices, although not instantly. • 5. External Government Regulations on Crypto • It’s important to know how regulation (especially in the Middle East) can impact crypto and Bitcoin price because the crypto landscape is always evolving and governments are still playing catch-up! • Governments across the Middle East like Bahrain, Dubai, Saudi Arabia just to name a few, have started to pay extra attention to how the crypto industry and key players like Fasset operate. • Because these governments hope to better structure the rules of crypto activities as they transition into more crypto and blockchain-friendly economies. Click here to read the full blog

  8. Thank You! Website Url - https://fasset.com/ Facebook Url - https://www.facebook.com/FassetHQ/i Email Id - admin@fasset.com

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