• 28 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 Eyes $56,000 Peak Amid Volatility, Ethereum’s Rally Continues

Bitcoin Eyes $56,000 Peak Amid Volatility, Ethereum’s Rally Continues

Bitcoin remains at the forefront of the cryptocurrency conversation as market enthusiasts closely watch its performance. Currently, the digital currency

Market News
Bitcoin’s 19% Uptick in Market Depth and 10% Price Correction: Analyst Insights

Bitcoin’s 19% Uptick in Market Depth and 10% Price Correction: Analyst Insights

Bitcoin’s recent market activities have significantly captured attention, especially with a 19% uptick in market depth since the beginning of

Market News
Analyst Identifies Consolidation Trends in Bitcoin (BTC) Market

Analyst Identifies Consolidation Trends in Bitcoin (BTC) Market

In a pivotal move, renowned crypto trader and analyst Skew has recently provided insights into the current state of Bitcoin

Market News
Bitcoin’s Market Grip Loosens: Altcoins Poised for a Rally?

Bitcoin’s Market Grip Loosens: Altcoins Poised for a Rally?

As Bitcoin dominance wavers, crypto enthusiasts speculate on the potential resurgence of Altcoins, suggesting a looming Altseason. JD, a top

Market News
Bitcoin’s Stable Rally Without FOMO: Analyst Insights on Market Response

Bitcoin’s Stable Rally Without FOMO: Analyst Insights on Market Response

The recent 74% surge in Bitcoin’s price over four months has sparked discussions, yet the expected crowd FOMO is noticeably

Market News
Cryptocurrency ETFs Hit Historic Milestone with $2 Billion in Daily Trades

Cryptocurrency ETFs Hit Historic Milestone with $2 Billion in Daily Trades

Bitcoin Exchange-Traded Funds (ETFs) experienced a landmark day on February 20, with trading volumes soaring to approximately $2 billion across

Market News
What Does Bitcoin’s Megaphone Pattern Predict for Price Movement?

What Does Bitcoin’s Megaphone Pattern Predict for Price Movement?

Titan of Crypto, a technical analyst, took to X platform to spark excitement within the cryptocurrency community by predicting that

Market News
Bitcoin Teeters on the Edge: Will $52,000 Mark Usher in a Bull Run?

Bitcoin Teeters on the Edge: Will $52,000 Mark Usher in a Bull Run?

The cryptocurrency market is again at the forefront of financial discourse as Bitcoin teeters on the edge of a significant

Market News
Bitcoin ETF Trading Reaches 40% of Centralized Exchange Levels

Bitcoin ETF Trading Reaches 40% of Centralized Exchange Levels

In a recent revelation by esteemed on-chain analyst Ki Young Ju, Bitcoin’s spot ETF trading volume has surged, reaching an

Market News
Bitcoin Foresees 32% Uptick in 60 Days, Upcoming Halving Impacts BTC Surge

Bitcoin Foresees 32% Uptick in 60 Days, Upcoming Halving Impacts BTC Surge

Bitcoin’s prevailing bullish trend has recently created headlines as it surged past the crucial $50k mark for the first time

Market News
Bitcoin Breaks Historical Resistance, Eyes New All-Time High in Pre-Halving Surge 

Bitcoin Breaks Historical Resistance, Eyes New All-Time High in Pre-Halving Surge 

Bitcoin price has recently achieved a significant milestone by breaking above a crucial cyclical resistance level for the first time

Market News
Is Bitcoin Heading for a Correction? Key Market Insights Revealed

Is Bitcoin Heading for a Correction? Key Market Insights Revealed

Bitcoin has made history by achieving a significant milestone in its price movement. As per Matthew Hyland, a prominent blockchain