• 30 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.

Markets
Bitcoin Tops $58K, Crypto Market Cap Hits $2.25T, Stader Leads with 61.7% Surge

Bitcoin Tops $58K, Crypto Market Cap Hits $2.25T, Stader Leads with 61.7% Surge

Renowned crypto analytical platform CryptoRank has provided insightful data on the current state of the cryptocurrency market. Bitcoin is trading

Market News
Bitcoin Faces Critical Resistance at $60.7k: Will It Break Through?

Bitcoin Faces Critical Resistance at $60.7k: Will It Break Through?

Bitcoin’s price action has been captivating traders as it hovers around critical levels. The price of Bitcoin at press time

Markets
Bitcoin Poised for Breakout as Spot Ethereum ETF Launch Approaches

Bitcoin Poised for Breakout as Spot Ethereum ETF Launch Approaches

Bitcoin is on the brink of a significant move, according to Crypto Rover, a crypto analyst. In a recent X

Markets
Is the Bitcoin Market Resilient? Does It Absorb Large-Scale Sales?

Is the Bitcoin Market Resilient? Does It Absorb Large-Scale Sales?

The Bitcoin market is currently experiencing significant activity due to large-scale sales by notable entities such as the German government

Market News
Bitcoin Poised for Surge, Analyst Predicts $69k Milestone

Bitcoin Poised for Surge, Analyst Predicts $69k Milestone

Bitcoin, a leading cryptocurrency, appears poised for a substantial price increase, according to a recent analysis shared in an X

Markets
Bitcoin Sentiment Hits One-Year Low, Indicating Potential Rebound

Bitcoin Sentiment Hits One-Year Low, Indicating Potential Rebound

Crowd sentiment towards Bitcoin has reached its lowest point in a year, raising the probability of a potential market rebound.

Markets
Bitcoin Slips Below $57K: Crypto Market Struggles Amidst Market Sentiment Fears

Bitcoin Slips Below $57K: Crypto Market Struggles Amidst Market Sentiment Fears

In the latest market overview from the renowned crypto analytical platform CryptoRank, Bitcoin’s trading value has dipped below the $57,000

Markets
German Government Sells Over $55 Million in Bitcoin to Exchanges

German Government Sells Over $55 Million in Bitcoin to Exchanges

The German government has actively transferred substantial Bitcoin amounts to cryptocurrency exchanges. Recent transactions totaling more than $55.8 million have

Markets
Bitcoin Traders Face Record Losses: Is It Time to Buy and Hold?

Bitcoin Traders Face Record Losses: Is It Time to Buy and Hold?

Bitcoin traders are currently facing unprecedented losses, according to recent data from CryptoQuant. The on-chain trader realized price and profit/loss

Markets
Analysts Insights on Bitcoin’s Market Corrections and Dominance

Analysts Insights on Bitcoin’s Market Corrections and Dominance

Bitcoin’s recent analyses suggest significant shifts in its dominance and strategic pullbacks. As Bitcoin’s dominance consolidates within a robust range,

Market News
Cryptocurrency Meltdown: Can Bitcoin Bounce Back from $55K?

Cryptocurrency Meltdown: Can Bitcoin Bounce Back from $55K?

As the weekend comes to a close, the cryptocurrency market has once again instilled fear among traders. Despite a brief

Markets
Metaplanet Inc. Expands Bitcoin Holdings with New 42.47 BTC Acquisition

Metaplanet Inc. Expands Bitcoin Holdings with New 42.47 BTC Acquisition

Metaplanet Inc., an early-stage investment firm, has recently made a significant move in the cryptocurrency market. On July 8, 2024,