Bitcoin Near $59K as Bulls Struggle to Break $63K Resistance
Bitcoin’s recent price action has been trading within a narrow range between two crucial technical indicators. As of today, the
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.
Bitcoin’s recent price action has been trading within a narrow range between two crucial technical indicators. As of today, the
Yuval Noah Harari, an Israeli medievalist, military historian, philosopher, and writer who previously expressed skepticism on Bitcoin, recently shared sanguine
Bitcoin has surged past the $60,000 mark, signaling renewed bullish sentiment in the cryptocurrency market as highlighted by CryptoRank, a
A recent observation by Santiment reveal the crypto market is witnessing a notable recovery as Bitcoin touched $61.3K, marking a
Metaplanet Inc., often referred to as “Japan’s MicroStrategy,” has significantly increased its Bitcoin investments, causing a notable surge in its
Bitcoin’s price action on the 4-hour chart suggests a potential bullish breakout. The market closed on a bullish note on
Justin Sun’s recent large-scale Bitcoin transactions have sparked significant attention following the announcement of changes to BitGo’s WBTC custody model.
Renowned crypto analyst Josh highlighted significant developments in Bitcoin’s short-term outlook in a recent YouTube video. The analyst highlighted that
Bitcoin remains below the $59,000 mark, reflecting a slight pause in its recent rally, as highlighted by CryptoRank, an analytic
Galaxy Digital, a digital asset and blockchain leader, has been actively moving substantial amounts of Bitcoin between exchanges, and recent
Bitcoin’s recent price movements have sparked considerable interest, particularly as it hovers near key levels. As of the latest update
Have you ever wondered how the players in Bitcoin mining industry are coping up with the recent price decline? Marathon
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