At the beginning of August 2023, the IOST to BTC price chart was at 0.00000030. For a short time, the conversion ratio followed a slow downward trend. By August 7 the IOST to BTC exchange ratio reached 0.000000298. In the following 2 days the IOST to BTC price chart was losing value a bit faster and by August 10 to swap IOST traders paid 0.000000289. It was followed by a few days of stability that lasted till August 14, and then the IOST to BTC price chart dropped much lower, first to 0.000000275 on August 16 and then to 0.000000267 on the same day.
After going down to this level the IOST to BTC exchange ratio went up again as most of the assets on the crypto market went slightly bullish. Even though the price of Bitcoin was also going up it didn’t bring the IOST to BTC conversion rate much lower as the IOST token was showing positive dynamics. During the series of ups and downs the IOST to BTC exchange ratio kept growing till the end of the month, and on August 27 to swap IOST with BTC traders paid 0.000000281. In the last days of summer, the price of IOST in BTC went down again, reaching 0.000000270 and bouncing around this level till September 5.
After that the corrections of Bitcoin were making the IOST to BTC exchange ratio go up, and then back down in the first part of September, with the price growing to 0.000000282. That was the maximum price level and in the next 3 days, the IOST to BTC price chart fell, losing much value and trading around 0.000000260. On September 16 the IOST to BTC conversion rate went up to 0.000000276 again, and then returned to the previous level, from where it established a slow downtrend. By September 23 the IOST to BTC exchange ratio reached 0.000000274, stayed there for a few days, went for another market correction, and then jumped up again, this time breaking the resistance and reaching 0.000000296 by September 29.
The IOST to BTC price chart couldn’t stay at this high level for longer than a few hours and started to drastically lose points. On September 30 to buy IOST with BTC users already paid 0.000000271. On October 1 the price went up a little bit, reaching 0.000000276, and then dropped to 0.000000272 the next day and continued more down reaching 0.000000255 on October 4. The IOST to BTC price chart stayed stable for another 4 days and then dropped lower to 0.000000257.
From October 10 the IOST to BTC exchange ratio started growing and reached 0.000000259 in 2 days. The price chart then bounced between 0.000000263 and 0.000000257 till the middle of October and then dropped to 0.000000249, but went through a series of ups and downs between this level and 0.000000263.
The situation changed much at the end of the month as Bitcoin started gaining value rapidly. On October 24 the IOST to BTC exchange ratio dropped to 0.00000023 and continued declining till October 28 when to buy IOST traders paid only 0.000000228 BTC. In the last days of October, the IOST to BTC price chart grew to 0.000000238 but showed bearish signals as the market experts foresee that the future growth of Bitcoin might take the IOST/BTC trading pair price even more down shortly.
