Here’s Why Bitcoin Dominance Remains Steady at 55%; Altcoins Face Sharp Declines
In recent discussions surrounding the crypto market, there has been a notable shift towards bearish sentiment despite ongoing whale accumulation,
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.
In recent discussions surrounding the crypto market, there has been a notable shift towards bearish sentiment despite ongoing whale accumulation,
Bitcoin’s (BTC) price movement indicates that the asset is testing the lower border of a key pattern. Holding above this
Bitcoin continues its impressive run, trading above $65,000. The cryptocurrency market shows mixed movements among the top 10 cryptos. As
Bitcoin’s price action reveals a potential bullish reversal, according to an analysis shared on X by analyst Charting Guy. Bitcoin
Ethereum (ETH) has demonstrated resilience as it consolidates around the $3,520 support level, a key indicator for potential bullish movements
According to a recent Santiment report, the majority of major cryptocurrencies are currently in the undervalued region based on their
Bitcoin, typically seen moving in tandem with the S&P 500, experienced a divergence this week. As highlighted by Ali Martinez,
As the Bitcoin market teeters on the edge of a significant buy signal, Cole Garner, an analyst, is closely watching
Renowned crypto analyst Cryptollica recently shared his insights on the current state of the altcoin market in a revealing X
Bitcoin holders have recently experienced a significant decline in non-empty wallets, marking the most substantial three-day drop just before the
The average cost of mining one Bitcoin has skyrocketed to $74,600 following the latest halving event, which briefly spiked costs
Per a recent youtube video, MicroStrategy, a business intelligence company, has announced its plan to expand its Bitcoin holdings through
© Cryptotale. Blockchain News Media. All Rights Reserved.