Grayscale Bitcoin Trust Sees First Positive Inflows in Months
Grayscale Investments reported the first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC) after four months of
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.
Grayscale Investments reported the first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC) after four months of
Renowned crypto analysts have recently voiced their perspectives on Bitcoin’s potential trajectory, sparking discussions in the crypto community. Crypto Tony,
As Bitcoin continues its upward trajectory, trading above $59,000, the cryptocurrency market exhibits a bullish sentiment with several top cryptos
Renowned analyst Mikybull has highlighted a pivotal shift in Bitcoin’s market dominance, suggesting a promising season ahead for Altcoins. According
The cryptocurrency market is showing signs of vitality as Bitcoin’s market value rebounds to $59.3K, with 84.4% of its supply
Santiment, a leading market intelligence platform, has shared insights into the growth of non-empty wallets among top market cap cryptocurrencies
According to CryptoRank’s recent post, Bitcoin’s current trading landscape showcases a volatile market as it hovers above the $57,000 mark,
Bitcoin’s trading outlook has showcased distinct cycles, each characterized by unique correction patterns and price actions. According to DaanCrypto, a
The founder and CEO of CryptoQuant, Ki Young Ju, revealed through a post on platform X that new Bitcoin investors,
Bitcoin’s recent price movements have left many investors on edge, with the futures market offering some insights but not yet
In recent weeks, the cryptocurrency market witnessed a notable shift as XRP began to outperform Bitcoin. Analyst Dark Defender highlighted
Amidst the recent turbulence in the cryptocurrency market, speculation has arisen regarding whether the current downturn is reminiscent of the
© Cryptotale. Blockchain News Media. All Rights Reserved.