Magma Finance price is quoted in Bitcoin, while general price movements are benchmarked against the US Dollar.

The entities involved

• US Dollar (Next day) →

  Distinct currency with ISO 4217 code "USN", defined for trade purposes

  • The People's Bank of China sets the daily reference rate for currency trading and manages the value of the Renminbi against the US Dollar.Mon 03:21
  • The Fed is monitoring inflation and market sentiment following the US-Iran deal.Mon 02:04
• Bitcoin →

  digital cash system and associated currency

  • Tensions between the US and Iran are pressuring market narratives, while President Trump's remarks are reportedly derailing nuclear talks.Mon 17:50
  • Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28

Related events

• Bitcoin exchange rate is closely watched by investors amidst market skidding due to the decline of the US dollar.Aug 28
• Market data reported on Bitcoin price movements.Jun 18
• Bitcoin rally drives demand for USDC stablecoin, leading to reduced reliance on third-party chains like Ethereum.Sep 4
• Sean Farrell has been analyzing Bitcoin's volatility and price movements since August 1st.Aug 18
• Bitcoin outperformed commodities in August 2026.Sep 2