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.
Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days
Based on Bitcoin’s transaction history, notable support lies at the $42,260 as many addresses bought coins at this level.
MicroStrategy Acquires Extra 4,167 Bitcoins for Approximately $190.5m
MicroStrategy, the Nasdaq-Listed business intelligence and software firm has made another purchase of 4,167 Bitcoin as it continues on its sporadic BTC accumulation campaign.
Bitcoin Back to Positive Territory Following Rally at $46,000
Bitcoin went past the level of $46,000 over the past two weeks which has put the world's top cryptocurrency back on track to positive territory for the year, according to Bloomberg.
Satoshi Island Secures Endorsement from Vanuatu PM to Build Bitcoin Island
Satoshi Island Limited, the startup that is committed to building the crypto capital of the world as a smart city in Vanuatu, has announced it has secured approval for its project from the Prime Minister of Vanuatu.
El Salvador Delays the Issuance of Bitcoin Bonds
El Salvador will delay the issuance of bitcoin bonds originally scheduled for March 15-20, possibly until September, according to Reuters.
El Salvador's Bitcoin Adoption Lower than Expected: Survey
The level of adoption of Bitcoin, the new legal tender in El Salvador is technically at a low ebb, at least, compared to what is being portrayed in the media, a survey suggests.
Bitcoin's Consolidation Continues amid Addresses Holding BTC Scaling the Heights
Bitcoin has consolidated between the $38K and $45K zone for the past two months, as indecisiveness continuously rocks the market, even though BTC addresses continue going through the roof.
Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%
Institutional demand for Bitcoin does not seem to be fading based on the large transactions volume witnessed, according to a report by IntoTheBlock.
Bitcoin Becoming Global Digital Collateral due to Russia-Ukraine War, says Analysts
Bloomberg’s Senior Commodity Strategist, Mike McGlone believes the Russia-Ukraine conflict “may mark another step in #Bitcoin's maturation toward becoming the global digital collateral.”
Double Bottom Pattern Playing Out in the Bitcoin Market, Is $50K in Sight?
A double bottom pattern continues to play out in the BTC market because the leading cryptocurrency has remained steadfast above the psychological price of $40,000 for the past few days.
