Bitcoin, Cryptocurrency And Blockchain News
The downfall of Bitcoin from the record level also brought with it questions against companies using bitcoine, subcoins and blockchain technology for many people. At that time the decline of the decline began to pass, but as of yesterday, bitcoin started to trade around 16 thousand dollars, falling by 10,700 dolars. Bitcoin's rise has allowed crypto money investors to come back, while increasing the value of companies using blockchain technology. Riot Blockchain Inc., which has lost more than 30 percent of its value during the decline of Bitcoin while shares rose 18 percent, while LongFin's value rose 20 percent. The value of Bitcoin, however, increased by more than 15 percent to 16,161 USD. Although it has increased by more than 1500 percent over the course of 2017, many large investors looking for safer ports have started looking for alternatives instead of bitcoin, which has taken them to companies that use blockcoin technology that is the basis of bitcoin. Companies using Blockchain technology experienced significant share increases. Bitcoin's depreciation during the past week also caused these companies to lose. The value of these companies, traded on the NASDAQ stock exchange, can change with the change in the value of a currency that has not yet been accepted by governments. I would especially like to point out that this activity is quite important. One of the factors that increases or decreases the value of companies is blockchain technology. Now, we are accustomed to the idea of any tech pioneer or idea leader in finance saying "bitcoin balloon but blockchain big technology", which attracts investors. Long share Iced Tea, a cold beverage brand we shared earlier, changed its corporate focus to the search and development of blockchain technology, and of course changed its name to "Long Blockchain". Another company that added Blockchain to the company name was Riot, a biotechnology company. When the company's focus changed and the name was Riot Blockchain, it was valued at 375% since October. The Bitcoin market now affects not only the subcoins but also many other companies. I can leave the answer of the question to you if it can be interpreted that the effect is increasing as the effect increases.