In today's booming digital currency market, the ups and downs of Bitcoin have always attracted much attention. However, who is playing an important role in the trading entities behind this? From miners to institutional investors, from individual traders to algorithmic trading, let us unveil the mystery of digital currency trading.

The miner group has always been an indispensable part of the digital currency world. They ensure the security and reliability of transactions by solving complex mathematical problems, thereby obtaining new Bitcoin rewards. These "miners" not only play a key role in maintaining the stability of the entire network, but also play an important role in the volatility of the Bitcoin market. Their behavior often affects the supply and liquidity of Bitcoin, and then affects the volatility of market prices.

In addition to miners, institutional investors are also "big names" in the digital currency market. As digital currencies such as Bitcoin are gradually accepted by mainstream financial institutions, more and more institutional investors have begun to get involved in this field. Through the intervention of large amounts of funds, they have not only promoted the development of the digital currency market, but also made the market more stable. At the same time, the behavior of institutional investors is often regarded as a weather vane of market trends, guiding the decisions of other investors.

As the "small fish" in the digital currency market, individual traders also play an important role. Their trading behavior often reflects the market's sentiment and expectations, and directly affects price fluctuations. In the rapid changes in the digital currency market, the buying and selling behavior of individual traders often forms a hot spot in the market, attracting more investors' attention and participation, and then promoting the further development of the market.

Unlike traditional trading methods, algorithmic trading has emerged in the digital currency market. Through pre-set trading strategies and programmed execution, algorithmic trading can achieve fast and efficient transactions, thereby profiting from market fluctuations. This "smart trading" method not only improves the efficiency of transactions, but also reduces the interference of human factors, providing new possibilities for the stability and healthy development of the market.

In general, the participants behind digital currency transactions are diverse and have their own characteristics. Whether it is the maintenance network of miners, the market leadership of institutional investors, the emotional fluctuations of individual traders, or the intelligent operation of algorithmic trading, they are all driving the development and growth of the digital currency market. In this vibrant and changing field, each participant plays an indispensable role and together paints a colorful picture of digital currency transactions.

In the future of the digital currency market, who will become the "hero behind the scenes" and lead the direction of market development? Perhaps only time can give the final answer. However, what is certain is that no matter who is trading behind the rise and fall of Bitcoin, they are all important members of this vibrant and potential field, and together they are writing a new chapter in the digital currency market. May we witness the changes of history together and feel the charm of financial technology in this world of digital currency.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Who is behind the rise and fall of Bitcoin? Some people say that the rise and fall of Bitcoin is the result of the consensus conference. Is this true? Let's take a look at more details.

The world's largest and most influential blockchain summit, Consensus
2019, was held in New York, USA from May 13 to 15. The conference held in-depth dialogues and discussions on topics such as the progress and cases of blockchain applications, technological development, and policy supervision. Since the prices of Bitcoin and other cryptocurrencies have increased significantly after the Consensus conferences from 2015 to 2017, Consensus
is also considered to be one of the important indicators of the cryptocurrency industry.

Previous Consensus Conferences and the rise in Bitcoin prices:

2015: Bitcoin rose from about $200 to $460.

2016: The price of Bitcoin soared to about $760.

2017: The price of Bitcoin increased to $2,000.

2018: Unlike in the past, Bitcoin experienced a sharp drop this year.

2019: The current price of Bitcoin has exceeded around $7,966.

As Coinyee mentioned in a previous article, there are many factors that affect the price of currency, among which the formulation of policies and the spread of good news will directly support the upward trend of BTC prices. And this consensus conference, without surprise, has played a boosting role in the rise of BTC.

Excluding the impact of the consensus conference on the market level, this conference can be said to be "full of highlights", with the main topics including: token issuance, blockchain games, decentralized finance and almost all blockchain fields. Many well-known companies and traditional unicorn companies in the Bitcoin industry also participated in the conference. Coinyee has sorted out the important content related to the conference for you below, please continue reading.

Compared with 2015, the number of participants in this consensus conference has increased by more than ten times. Such global attention and user growth means that this field is no longer controlled and mastered by any country today. Although cryptocurrency has not yet become a mainstream currency, all this shows that the entire currency circle is no longer what it used to be.

Important cryptocurrency information from the Consensus Conference

1\. SEC officials say exchanges that launch IEOs may face legal risks

A senior official at the U.S. Securities and Exchange Commission said that some initial exchange offerings (IEOs) may have violated U.S. securities laws. Szczepanik did not mention any specific exchanges. However, the top exchanges in the cryptocurrency circle are undoubtedly the driving force behind the IEO craze, and these transactions are believed to have brought millions of dollars in fee income to these platforms.

"Millions of dollars in fee income" is a "temptation" within reach for most exchanges. But whether in the past or now, Coinyee has never launched IEO-related businesses. Based on the trust that users give to the platform and the security of user assets, we will definitely not do anything that violates the law. Compared with the "millions of dollars" in benefits, Coinyee always insists on "users first" and will never waver.

2\. TD Ameritrade Vice President Says Many Clients Are Interested in Cryptocurrency

TD
Ameritrade Executive Vice President said on Tuesday that the company's Bitcoin education event was "a huge success" among clients, and that this strong interest came not only from millennials, but also from older retail investors.

From this we can see that the cryptocurrency investment community is bound to grow larger and larger. With the entry of more users, Coinyee is also constantly upgrading its platform services - OTC is a major platform update. For users who use Coinyee OTC for transactions, the platform has introduced a fee-free policy. Once the policy was launched, it received a lot of praise from users. In addition, the latest fee mechanism recently released by Coinyee has truly "benefited users" - 0% fee for users who successfully place orders. With the release of double good news, we are more and more convinced that Coinyee will provide satisfactory and high-quality services to the cryptocurrency investment community in the future.

3. Congressman suggests reintroducing blockchain hard fork tax bill

U.S. House of Representatives member Tom Emmer plans to reintroduce a bill that would allow taxpayers holding cryptocurrencies to enjoy tax breaks for hard forks of blockchain networks. The conference also pointed out that China is at the forefront of blockchain development, and quoted media reports that blockchain is "10 times more important" than the Internet.

The hard fork tax bill is bound to bring more dividends to cryptocurrency investors. In this regard, Coinyee believes that the "safe harbor" clause in the bill will prevent the IRS from punishing unreported crypto assets obtained through hard forks. If the bill can be implemented, it will largely protect the interests of investors.

The future is promising

Although this conference did not start the bull market as expected, there was even a slight shock after the conference. But as we can see, many blockchain projects have released major project progress at the conference. Even if the market does not show a strong reaction, we should still look long-term and see the fundamentals of blockchain development. This year is the year of cryptocurrency regulation and implementation. Many policies have gradually surfaced, and many projects are working hard to deliver on their promises. This consensus conference is just a microcosm of this.