• 29 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.

Market News
Bitcoin Surges Past $68K as Top Cryptos See Green

Bitcoin Surges Past $68K as Top Cryptos See Green

Bitcoin’s price has surged above the $68,000 mark, leading the charge in a bullish trend across the cryptocurrency market. According

Market News
Bitcoin Mining Post-Halving: Runes Effect, Revenue Changes, and Miner Trends

Bitcoin Mining Post-Halving: Runes Effect, Revenue Changes, and Miner Trends

After the halving event, the Bitcoin network initially did much better than anticipated because it coincided with the launch of

Market News
XRP and Bitcoin: Analyzing Ripple’s Performance Against BTC Over 11 Years

XRP and Bitcoin: Analyzing Ripple’s Performance Against BTC Over 11 Years

XRP and Bitcoin’s dynamic over 11 years reveals telling market behavior, according to crypto analyst Cryptollica. Since 2013, XRP has

Market News
Bitcoin Faces Correction but Analysts See Bull Market Potential Ahead

Bitcoin Faces Correction but Analysts See Bull Market Potential Ahead

Bitcoin, the flagship crypto, is exhibiting critical price movements that suggest significant shifts in the market cycle, according to recent

News
Bitcoin Bulls on the Brink as Analysts Predict Explosive Breakout

Bitcoin Bulls on the Brink as Analysts Predict Explosive Breakout

Bitcoin is poised on the brink of a significant move as it reaches a pivotal juncture in its price action.

Market News
Charting Bitcoin’s Path: Will $70,000 Trigger the $88,000 Rally?

Charting Bitcoin’s Path: Will $70,000 Trigger the $88,000 Rally?

Bitcoin appears poised for a significant breakout as the cryptocurrency hovers just below the critical $70,000 mark. Moustache, an analyst,

News
Bitcoin’s Long-Term Holders Signal a Bull Run: Here’s Why

Bitcoin’s Long-Term Holders Signal a Bull Run: Here’s Why

Bitcoin’s recent price action has been the subject of intense scrutiny, with market observers closely monitoring the behavior of long-term

News
Bitcoin Resilience: Analysts Predict Bullish Momentum Above $67,300

Bitcoin Resilience: Analysts Predict Bullish Momentum Above $67,300

Bitcoin (BTC) continues to exhibit resilience, holding above the crucial support level of $67,300. Renowned crypto analyst Crypto Tony recently

Market News
Bitcoin Poised for Breakthrough, Eyes $87K Target, Says Analyst

Bitcoin Poised for Breakthrough, Eyes $87K Target, Says Analyst

According to crypto analyst Charting Guy, Bitcoin is currently consolidating in what is termed the “golden pocket,” a key area

Market News
Crypto Market Reacts to Mt. Gox’s $9 Billion Bitcoin Transfer

Crypto Market Reacts to Mt. Gox’s $9 Billion Bitcoin Transfer

Crypto analyst Moustache shared insights on the latest market developments, stating that people are panicking over news related to Mt.

Market News
Crypto Analysts Eye $67K Support: Is Bitcoin Set to Surge?

Crypto Analysts Eye $67K Support: Is Bitcoin Set to Surge?

Bitcoin (BTC) is currently navigating a pivotal phase, oscillating around the $67,000 support zone. Investors are closely monitoring the market

News
Bitcoin Dominance Breaks Down as Altcoins Gain Momentum

Bitcoin Dominance Breaks Down as Altcoins Gain Momentum

Bitcoin dominance (BTC.D) has experienced a confirmed downside breakout from a rising wedge pattern on the weekly timeframe chart. This