• 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 ETFs Surge: $331M Inflow Signals Investor Confidence

Bitcoin ETFs Surge: $331M Inflow Signals Investor Confidence

The Bitcoin market is witnessing significant investments, notably in Bitcoin spot ETFs. Chinese crypto reporter Colin Wu’s Wu Blockchain reported

Market News
Expert Data Reveals Shift in Bitcoin Holder Behavior Amid Current Price Surge

Expert Data Reveals Shift in Bitcoin Holder Behavior Amid Current Price Surge

Bitcoin’s price movements in crypto have caught the attention of investors and analysts alike. Currently, the digital currency stands at

Market News
Analysts Foresee Bitcoin’s Ascent to 200K Amid Volatility

Analysts Foresee Bitcoin’s Ascent to 200K Amid Volatility

Analysts play a crucial role in decoding market trends and predicting future movements. Among these, Egrag Crypto, a prominent crypto

Market News
IntoTheBlock Predicts Bitcoin Surge: Halving and ETFs Drive Momentum

IntoTheBlock Predicts Bitcoin Surge: Halving and ETFs Drive Momentum

In a pivotal move, renowned analytical platform IntoTheBlock projects a high likelihood of Bitcoin (BTC) reaching unprecedented price levels within

Market News
Bitcoin Faces Critical Resistance at $52,600 – Will it Hold or Fold?

Bitcoin Faces Critical Resistance at $52,600 – Will it Hold or Fold?

Bitcoin’s price movements are a focal point for investors and enthusiasts alike, as its recent flirtation with significant resistance and

Market News
Will Bitcoin Blast Off to $150K? Critical On-Chain Metrics Point to Two Possible Scenarios

Will Bitcoin Blast Off to $150K? Critical On-Chain Metrics Point to Two Possible Scenarios

In an analysis by onchain_edge, shared by CryptoQuant.com, Bitcoin’s (BTC) future looks promising, with two potential paths leading to an

Market News
MicroStrategy’s Bitcoin Strategy Yields Over $4 Billion in Profits, Eyes S&P 500 Inclusion

MicroStrategy’s Bitcoin Strategy Yields Over $4 Billion in Profits, Eyes S&P 500 Inclusion

MicroStrategy, recognized as the largest corporate holder of Bitcoin, has seen its Bitcoin investment’s value exceed $10 billion, resulting in

Market News
Glassnode Analysis: 87% of BTC Acquired Below $48k Benchmark

Glassnode Analysis: 87% of BTC Acquired Below $48k Benchmark

Glassnode, a leader in on-chain and financial metrics analysis, recently shared insights that paint a detailed picture of the Bitcoin

Market News
BTC Price Surges Past $52,000 Amidst ETF Inflows

BTC Price Surges Past $52,000 Amidst ETF Inflows

Bitcoin has once again surged past the $52,000 mark, per CoinMarketCap, marking a significant milestone in its recent price trajectory.

Market News
Bitcoin Bulls Beware: Is $60K Imminent or Is a Correction Looming?

Bitcoin Bulls Beware: Is $60K Imminent or Is a Correction Looming?

Amidst the fervent anticipation among Bitcoin enthusiasts, there’s a notable buzz surrounding the cryptocurrency’s journey toward a crucial resistance level.

Market News
Bitcoin Breaks $52K Amid Surging Active Addresses and Volume

Bitcoin Breaks $52K Amid Surging Active Addresses and Volume

Bitcoin topped $52,000 in market value for the first time since December 3, 2021, resuming its climb in a tremendous

Market News
Bitcoin’s Resilience vs. XRP’s Volatility: What Lies Ahead?

Bitcoin’s Resilience vs. XRP’s Volatility: What Lies Ahead?

Bitcoin, known for its pioneering role and market dominance, contrasts with XRP’s utility-driven approach. Both cryptocurrencies are capturing investor attention