Bitcoin Nears $60K, Crypto Market Cap Reaches $2.18 Trillion
Bitcoin recently neared the $60,000 mark, trading at $59,930 as of press time. However, market trends remain volatile, with leading
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.
Bitcoin recently neared the $60,000 mark, trading at $59,930 as of press time. However, market trends remain volatile, with leading
Bitcoin has once again taken the spotlight as analysts expect it to break out soon. In an X post on
The price of Bitcoin has recently resumed trading above the daily 200 exponential moving average (EMA). This positive movement opens
MicroStrategy has announced plans to offer $700 million in convertible senior notes, which are expected to be due in 2028.
The price of Bitcoin is about to break out and enter a new, possibly significant phase. A new CME gap
As a 3-year Cup and Handle pattern shows on its long-term chart, Bitcoin is about to undergo a notable movement.
The Federal Reserve faces a tough decision this week with the decision to cut the interest rates. Market analysts suggest
Bitcoin traders sharply watch possible liquidity zones, especially at lower low and lower high zones. According to data from Coinglass,
Bitcoin is demonstrating increased bullish pressure, which may be observed from its ability to break through significant resistance levels. As
Bitcoin has seen a different degree of open interest (OI) activity alongside Ethereum (ETH) and Solana (SOL), according to a
MicroStrategy has increased its Bitcoin holdings again with 18,300 bitcoins for $1.11 billion. The new development brings its total Bitcoin
According to recent CryptoRank data, Bitcoin has stalled at over $58,000, proof that it did not blink despite the volatility
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