Bitcoin Below $61K, Altcoins Show Mixed Performance: Report
Analytical platform CryptoRank reported that Bitcoin is trading below the $61,000 mark, which shows that BTC is still struggling to
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.
Analytical platform CryptoRank reported that Bitcoin is trading below the $61,000 mark, which shows that BTC is still struggling to
Bitcoin price shows signs of a strong bullish trend, with analysts watching carefully the support and resistance levels. Data from
Analytical platform CryptoRank reported that Bitcoin is currently trading below $61,000. This comes as the larger market for digital assets
Bitcoin, trading at $61,046 at press time, exhibits a potential bullish momentum. A crypto influencer, Open4profit, recently shared a bullish
Research firm Bernstein predicted Bitcoin’s potential trajectory in light of the upcoming US presidential election. According to a report on
The crypto market displayed mixed results as Bitcoin remained steady above $62,000. According to CryptoRank, a research and analytics platform,
Ethiopia is becoming one of the most important players in the worldwide Bitcoin mining market. The country’s lowest electricity cost
Bitcoin’s network experienced significant on-chain activity this week, with dormant assets being reintroduced into circulation. Data from Santiment highlights a
Bitcoin is showing signs of a strong bullish trajectory for the upcoming cycle. A detailed projection for the future cycle
Peter Todd’s phone has not stopped ringing for the past 24 hours. Also, his name is currently the most searched
The cryptocurrency world is closely watching FTX’s progression through its bankruptcy repayment plan, particularly its potential impact on Bitcoin’s performance
Bitcoin’s price has experienced significant fluctuations in the last 24 hours, causing excitement and uncertainty in the market. The cryptocurrency
© Cryptotale. Blockchain News Media. All Rights Reserved.