Bitcoin (BTC) Nears Critical Support as Stock Markets Surge by $739 Billion
In a dramatic turn of events, Bitcoin’s price teetered on the edge of a critical support level, trading at $35,530
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.
In a dramatic turn of events, Bitcoin’s price teetered on the edge of a critical support level, trading at $35,530
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In a recent revelation from the respected crypto analyst Egrag Crypto, a significant decision looms over the world of Bitcoin.
Custodia Bank, a financial institution founded by prominent Bitcoin advocate Caitlin Long, has officially launched its Bitcoin custody platform. The
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