Bitcoin’s Profit Surge Signals Caution, Analysts Urge Vigilance
The recent analysis by CryptoCon, a renowned Bitcoin technical analyst known for conservative long-term predictions, shed light on the current
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.
The recent analysis by CryptoCon, a renowned Bitcoin technical analyst known for conservative long-term predictions, shed light on the current
Bitcoin faced a notable downturn, as per data shared by Kaiko, a cryptocurrency analytics platform. The cumulative volume delta (CVD)
In a pivotal move, renowned crypto analyst Crypto Busy has recently voiced optimism amidst the Bitcoin market’s recent downturn. The
Egrag Crypto, a prominent figure in the cryptocurrency community, is closely monitoring Bitcoin’s current candle formation to decipher the next
Amidst the volatile landscape of cryptocurrency markets, Bitcoin’s recent downturn has sparked both concern and anticipation among investors and enthusiasts.
Crypto analyst Rekt Capital highlights Bitcoin’s historical pre-halving retracements, noting declines of -20% in 2020 and -40% in 2016. This
Egrag Crypto, a prominent voice in the cryptocurrency community, has sparked speculation about Bitcoin’s trajectory, suggesting a potential surge to
Eric Balchunas, Senior ETF Analyst at Bloomberg, has indicated that Bitcoin ETFs are on the brink of significant growth due
In the last few days, the Bitcoin market has seen a substantial capital influx, with the cryptocurrency’s Realized Cap setting
In a historic move, the well-known analytical platform Spot On Chain has revealed that the Bitcoin Exchange-Traded Funds (ETFs) industry
In a recent development, Bitcoin’s (BTC) price has skyrocketed to unprecedented levels, outpacing analysts’ expectations by a significant margin. Following
The cryptocurrency market has always been a theater of volatility, and recent patterns in Bitcoin trading reflect this enduring trait.
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