• 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 at Crucial $40k Support: Rebound or Dip Imminent?

Bitcoin at Crucial $40k Support: Rebound or Dip Imminent?

Bitcoin is currently the subject of much speculation and analysis within the cryptocurrency community. A prominent figure in this sphere,

News
Bitcoin Blitz in NYC: Grayscale Leads Advertising Onslaught for Crypto ETFs

Bitcoin Blitz in NYC: Grayscale Leads Advertising Onslaught for Crypto ETFs

New York City is witnessing an unprecedented surge in Bitcoin (BTC) advertising, marked by Grayscale’s aggressive marketing of its spot

Market News
Bitcoin at a Crossroads: Distribution Phase Signals Mixed Short and Long-Term Projections

Bitcoin at a Crossroads: Distribution Phase Signals Mixed Short and Long-Term Projections

As Ki Young Ju, the Founder and CEO of CryptoQuant, recently highlighted on X, Bitcoin is currently in a distribution

Market News
Bitcoin ETFs Surge Amidst GBTC Sell-Off: Analyzing the Impact on Cryptocurrency Market

Bitcoin ETFs Surge Amidst GBTC Sell-Off: Analyzing the Impact on Cryptocurrency Market

Bitcoin Exchange Traded Funds (ETFs) are experiencing a bullish phase with a substantial influx of investments. Still, the overall market

Market News
Bitcoin and Major Stablecoins See Decrease in Large Holder Dominance

Bitcoin and Major Stablecoins See Decrease in Large Holder Dominance

Bitcoin’s landscape is witnessing a notable shift as the weekend dedicated to cryptocurrency trading commences. Analysis of wallet tiers reveals

Market News
Analysis Flags 19.5K BTC Gap Between GBTC Holdings and Off-Chain Disclosures

Analysis Flags 19.5K BTC Gap Between GBTC Holdings and Off-Chain Disclosures

In cryptocurrency, recent on-chain data and ETF fund executions suggest notable trends. Specifically, the gap between on-chain $GBTC Bitcoin holdings

Market News
Analysts Foresee a Potential Downtrend in BTC: Will There Be a Pre-Halving Dump?

Analysts Foresee a Potential Downtrend in BTC: Will There Be a Pre-Halving Dump?

As the cryptocurrency market braces for the upcoming Bitcoin halving, a notable shift in market dynamics is underway. With Bitcoin’s

Market News
Tether’s Bitcoin Stash Grows: Stablecoin Giant Now Holds $2.8 Billion

Tether’s Bitcoin Stash Grows: Stablecoin Giant Now Holds $2.8 Billion

Stablecoin issuer Tether has cemented its position as a major player in the Bitcoin game, quietly accumulating 66,465 BTC –

Market News
The Road to Bitcoin’s Halving: Market Impacts and Predictions for 2024

The Road to Bitcoin’s Halving: Market Impacts and Predictions for 2024

The world of cryptocurrency is on the brink of a significant event: the fourth halving of Bitcoin. This event, determined

Market News
Bitcoin’s Market Movement: Analyst Eyes Key Levels for Uptrend

Bitcoin’s Market Movement: Analyst Eyes Key Levels for Uptrend

Bitcoin’s current price, a subject of much debate in the cryptocurrency community, appears differently when analyzed through the Logarithmic Growth

Market News
Bitcoin Battles at $42.8K Amidst Neutral Market Trends and DeFi Resilience

Bitcoin Battles at $42.8K Amidst Neutral Market Trends and DeFi Resilience

In the dynamic realm of cryptocurrency, the most recent market overview revealed a neutral stance, with the overall market cap

Market News
Analyst Unravels Bitcoin’s Rising Wedge Pattern and Warning Signals

Analyst Unravels Bitcoin’s Rising Wedge Pattern and Warning Signals

In the ever-evolving landscape of the cryptocurrency market, Bitcoin enthusiasts are closely monitoring the charts as it appears to be