24-hour change is calculated by taking the current price of a cryptocurrency in a chosen base currency and comparing it with the price that this cryptocurrency was registering 24 hours ago.
COIN360 also allows you to track price movements for a day, week, month or any custom time period.
Unlike ’traditional’ currencies, the price of Bitcoin (BTC) is determined by market supply and demand. The crypto is not regulated or tied and has no material support. The more people use BTC as a means of payment, the higher the demand and the higher the price.
Since Bitcoin is a digital asset traded on hundreds of different cryptocurrency exchanges, there is no single price for it. Each exchange or exchange service sets its price, but they are roughly similar.