BITCOIN
Bitcoin (BTC) is the world’s first open-source, peer-to-peer cryptocurrency developed by a pseudonymous person or group of people under the name of Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto remains a mystery. The crypto is run on distributed ledger technology, also known as blockchain. Bitcoin allows for lower transaction fees than traditional online payment systems, and is decentralized, unlike government-backed currencies. Bitcoin is the world’s largest cryptocurrency by market capitalization and has a limit of 21 million coins. The cryptocurrency uses a proof-of-work protocol to enable security, privacy, and legitimacy of monetary transactions. The issuance of Bitcoin requires mining, where programmers solve a difficult cryptographic puzzle to be able to mine Bitcoin, which earns them a reward. Bitcoin remains the most popular cryptocurrencies, all other cryptocurrencies are known as altcoins. Please see below for Bitcoin news, Bitcoin (BTC) price analyses, and more.
44 Countries Converge in El Salvador to Discuss Bitcoin Roll Out, President Bukele Says
Forty-four nations are expected to meet in El Salvador today, May 17th, to discuss issues touching on banking the unbanked and Bitcoin adoption, according to President Nayib Bukele.
PlanB Says Bitcoin Has Bottomed Out for New Bull Run
According to PlanB, it became glaring in the first quarter of this year that the Bitcoin bull run was over and we have now entered a full-blown bear market.
MicroStrategy Counting $162m Loss on BTC Holdings as Price Volatility Continues
Nasdaq-listed business intelligence and software firm, MicroStrategy Incorporated is sitting on a massive loss with respect to its Bitcoin, considering the bearish sentiments engulfing the market at the moment.
Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over
Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone.
Bitcoin Needs to Reclaim $36K to Invalidate the Bearish Thesis, BTC's Correlation with S&P 500 Hits ATH
Market analyst Ali Martinez believes a bearish picture is being painted in the BTC market because it has broken the historical trendline, but it can be invalidated if $36K is reclaimed.
Bitcoin Returning to Exchanges Record the Fastest Rate in 16 Months
The selling pressure witnessed in the Bitcoin market that drove the price to lows of $29K happened as high supply returned to crypto exchanges.
El Salvador Buys the Dip for another 500 Bitcoins
The crypto trading world is in a sell-off panic due to the Fed’s rate hike. President Nayib Bukele announced Monday that the government bought just 500 bitcoins at an average price of $30,744, spending about $15.5 million.
Bitcoin Slips to $34.5K, Are Short-Term Holders Behind the Selling Pressure?
Bitcoin has been downtrending since May 5, and liquidation in the market continues over the weekend.
Bitcoin Slips to $35.7K as Daily Active Addresses Hit a 5-Month High
Bitcoin (BTC) entered the weekend in the red after dropping to the $35.7K level based on a high number of daily active addresses, according to market insight provider Santiment.
Bitcoin Needs to Reclaim $37.5K before Painting a Bullish Picture
BTC needs to reclaim the previous support level of $37.5K to boost its chances of bullish momentum.
