Bitcoin was the first cryptocurrency, and is still the biggest, but in the eight years since it was created pretenders to the throne have come along.
Bitcoin is often quoted against the US Dollar, this means that when you buy bitcoin on an exchange you are selling USD.When a trader buys bitcoin, instead of taking ownership of that bitcoin the trader takes a position that will increase or decrease in value as the bitcoin’s price moves against the dollar.
Bitcoin is the first digital currency to be formed. It is the most valued, capitalized and traded cryptocurrency in the planet as well. Bitcoin trading is booming, and a large cause for this is the volatility of the cryptocurrency.