• 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’s $60,000 Threshold: Will the Orange Line Flip? Analysts Insights

Bitcoin’s $60,000 Threshold: Will the Orange Line Flip? Analysts Insights

The recent fluctuations in the crypto markets have sparked a flurry of discussions among investors and analysts alike. As Bitcoin

News
Bitcoin Plummets to Multi-Month Low as U.S. Demand Declines

Bitcoin Plummets to Multi-Month Low as U.S. Demand Declines

Bitcoin (BTC) experienced a sharp decline, falling to a multi-month low as a result of a downturn in U.S.-based demand

News
Bitcoin’s Critical Moment: Will $57,500 Hold? Analysts Weigh In

Bitcoin’s Critical Moment: Will $57,500 Hold? Analysts Weigh In

Bitcoin (BTC) investors are closely eyeing key support levels and technical indicators to gauge the trajectory of the world’s largest

News
Bitcoin Bullish Momentum: Will May Rally Eclipse Previous Peaks?

Bitcoin Bullish Momentum: Will May Rally Eclipse Previous Peaks?

Bitcoin’s recent performance has left investors on the edge of their seats, with the cryptocurrency once again testing the crucial

News
BlackRock Bitcoin ETF Closing in on Grayscale Amidst Hong Kong’s Spot ETF Surge

BlackRock Bitcoin ETF Closing in on Grayscale Amidst Hong Kong’s Spot ETF Surge

The race for the top spot in the U.S. Bitcoin exchange-traded fund (ETF) market is heating up. BlackRock’s iShares Bitcoin

News
APAC Bitcoin Trading Rises to 26% Post-CFTC Lawsuit, Kaiko Reports

APAC Bitcoin Trading Rises to 26% Post-CFTC Lawsuit, Kaiko Reports

Kaiko, the leading source of cryptocurrency market data, indicates a sharp increase in Bitcoin perpetual futures (perps) traded during the

News
Bitcoin Reigns at $63K As Market Surges to $2.45T – What’s Next?

Bitcoin Reigns at $63K As Market Surges to $2.45T – What’s Next?

Bitcoin continues to dominate the market, trading above $63,000, while the top-10 cryptos display a promising trend, all residing comfortably

Market News
Bitcoin Trading Volume Hits Low Amid Market Uncertainty

Bitcoin Trading Volume Hits Low Amid Market Uncertainty

The volume of cryptocurrency trading has dropped to levels comparable to those observed in late January, indicating a notable change

News
Bitcoin’s Ascending Triangle Suggests Further Price Increases From $62K Key Level

Bitcoin’s Ascending Triangle Suggests Further Price Increases From $62K Key Level

Bitcoin, a leading cryptocurrency, has recently tested the crucial support and resistance level at $62,000. Captain Faibik, a renowned crypto

Market News
MicroStrategy Expands Bitcoin Holdings Despite Q1 Losses of $53.1 Million

MicroStrategy Expands Bitcoin Holdings Despite Q1 Losses of $53.1 Million

MicroStrategy, the Bitcoin development firm, has announced its Q1 report for 2024, reporting a net loss of $53.1 million. However,

News
Hong Kong Launches Landmark Bitcoin ETFs, But Global Crypto Inflows Cool

Hong Kong Launches Landmark Bitcoin ETFs, But Global Crypto Inflows Cool

A recent report by Coinshares revealed a significant pullback in cryptocurrency investment products. Over the past week, outflows totaled $435

News
ASX Set to Spearhead Crypto ETF Revolution in Australia

ASX Set to Spearhead Crypto ETF Revolution in Australia

Australia’s ASX Ltd. is expected to approve the country’s first spot-Bitcoin ETFs for the main board by the end of