Why does the value of bitcoin in USD is stagnant even though the price of BTC in the market is skyrocketing? Just noticed it when I was using the platform. Replies would be appreciated. Thank you.
If you will be withdrawing your balance, it will be then converted back to bitcoin, the value depends on the price of bitcoin the time you processed your withdrawal.
Let's say you deposited 0.5btc when bitcoin's value was $7,000, your accounts' balance will stay at 7k until you finally withdrawn it.
Let's say bitcoin's value went up to $14,000 and you still have that $7,000...
Decided to withdraw it, then you'll be withdrawing only 0.25btc, since bitcoin's price went double, and 0.25btc that time will be equivalent to $7,000.