• 27 July, 2024

Tag: Bitcoin (BTC) News

Bitcoin (BTC) is the pioneer cryptocurrency launched by pseudonymous Satoshi Nakamoto in 2009. While Bitcoin remained an alien in the initial phase without much recognition, it soon emerged as a game changer that revolutionized the financial sector.

Bitcoin introduced the idea of a decentralized payment network that eliminates the need for a third party. Bitcoins are created, distributed, and stored on a decentralized ledger called blockchain. Leveraging the peer-to-peer (p2p) technology eliminates the presence of a central authority such as banks; bitcoin is open-source.

The smallest unit of Bitcoin is named by the inventor’s name- satoshi. Notably, 1 satoshi is 0.00000001 BTC. BTC has a maximum supply of 21 million tokens and the Bitcoin Halving event controls the rate at whch new tokens injected.

Bitcoin is not only known as a pioneer crypto, but it is also praised by many experts for its store of value and is considered a hedge against inflation. Read more on CryptoTale to learn how Bitcoin influences the crypto market and the global economy.

News
Elon Musk’s X Removes Crypto Emojis, Puzzling Community During Bitcoin 2024

Elon Musk’s X Removes Crypto Emojis, Puzzling Community During Bitcoin 2024

Elon Musk’s social media platform, X, has quietly removed cryptocurrency-related emojis from its hashtags, sparking confusion and speculation within the

Markets
Bitcoin Tops $67K with Solana, Dogecoin, and Mumu the Bull Shining Bright

Bitcoin Tops $67K with Solana, Dogecoin, and Mumu the Bull Shining Bright

The cryptocurrency market is experiencing a notable surge, with Bitcoin leading the charge. As highlighted by CryptoRank, a top analytic

Markets
Analyst Predicts BTC Pullback to $66.4K Before Rallying to $69.2K; Find Out How

Analyst Predicts BTC Pullback to $66.4K Before Rallying to $69.2K; Find Out How

Bitcoin (BTC) continues to capture the attention of traders and investors. The recent analysis from VeLLa Crypto is shedding light

Markets
BTC ETF Advances While ETH ETFs Face Obstacles in Inflows

BTC ETF Advances While ETH ETFs Face Obstacles in Inflows

On July 25, 2024, the U.S. Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) exhibited diverging inflow patterns, according to

Markets
Bitcoin Holds Key Support Despite TradFi Declines; Eyes $70K Target

Bitcoin Holds Key Support Despite TradFi Declines; Eyes $70K Target

Bitcoin is currently navigating a significant support level around $62,500, with the 4-hour 100 EMA providing a critical dynamic support.

Markets
Bitcoin Dips Below $65K: Ethereum, Dogecoin, and Toncoin Decline 

Bitcoin Dips Below $65K: Ethereum, Dogecoin, and Toncoin Decline 

The cryptocurrency market is experiencing a significant downturn, with Bitcoin trading below $65,000 as per CryptoRank, a top analytic firm.

Markets
Hashdex’s Significant Step: Files Combined Spot Bitcoin and Ethereum ETF

Hashdex’s Significant Step: Files Combined Spot Bitcoin and Ethereum ETF

Hashdex has recently filed an S-1 form with the U.S. Securities and Exchange Commission (SEC). This marks a significant step

Markets
BitcoinOS Achieves First ZK-Proof on Bitcoin Mainnet, Revolutionizing dApps

BitcoinOS Achieves First ZK-Proof on Bitcoin Mainnet, Revolutionizing dApps

In a groundbreaking achievement, BitcoinOS (BOS) successfully verified the first zero-knowledge (ZK) proof on the Bitcoin mainnet on July 24

Market News
BTC Dips to $63.8K: Will the $30M Liquidation Pool Trigger a Rebound?

BTC Dips to $63.8K: Will the $30M Liquidation Pool Trigger a Rebound?

Bitcoin is experiencing a period of high volatility as traders leverage positions amid a price dip. As highlighted by Ali

Markets
XRP and Toncoin Surge as Bitcoin Crosses $66K and Ethereum Dips

XRP and Toncoin Surge as Bitcoin Crosses $66K and Ethereum Dips

Bitcoin continues its impressive performance, trading above $66,000. This marks a significant milestone for the leading cryptocurrency, maintaining its dominance

Markets
Bitcoin Faces Market Pressure Amid Mt. Gox Distribution: Key Levels to Watch

Bitcoin Faces Market Pressure Amid Mt. Gox Distribution: Key Levels to Watch

The distribution of Bitcoin from the defunct crypto exchange Mt. Gox to its creditors has started, putting pressure on the

Market News
Bitcoin Tests Key Support at $67,500 Amid Bullish Patterns, Can it break $74K?

Bitcoin Tests Key Support at $67,500 Amid Bullish Patterns, Can it break $74K?

Bitcoin’s price history seems to be echoing past patterns, presenting an intriguing moment for traders. As per Crypto Rover, Founder