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.
Over 42 Million Address Hold Bitcoin amid the Bear Market, 4.5 Million More than 2021
Bitcoin lacks a significant leg up as bears continue to bite. Nevertheless, Bitcoin hodlers are not relenting in their quest to have more coins.
Bitcoin’s Trading Volume Reaches High Since June as Price Slips Below $18.8K
Selling pressure has emerged on the Bitcoin market, causing the price to drop below $18,800. Furthermore, trading volume hit a three-month high.
Bitcoin’s Social Dominance Hits 2-Months High
Interest for Bitcoin spiked on social platforms over the weekend, leading to its social dominance surging, according to Santiment.
Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%
Despite Bitcoin lacking a significant upward momentum, this has not dampened the spirits of hodlers because coins aged at least 3 months hit an ATH of 86.3%, according to Glassnode.
Bitcoin Is ‘100 Times Better Than Gold,’ Says Michael Saylor
Michael Saylor of MicroStrategy sees a revival for Bitcoin as he expects plenty of upside above its previous high.
Despite Market Crash, MicroStrategy Buys 301 Bitcoins Worth $6 Million
Despite the downturn continuing in the crypto market, MicroStrategy adopts buying from the dip strategy by purchasing 301 Bitcoins over the last 2 months.
Buying Pressure on Bitcoin Dwindles as more BTC Moving to Exchanges
Bitcoin’s bearish momentum continues, data shows more Bitcoins are transferring to exchanges from cold wallets, which means the selling pressure is on the rise.
Bitcoin Sinks to $18.5K Due to Regulatory, Interest Hike Concerns
Bitcoin fell to a three-month low as cryptocurrencies took a dip ahead of global monetary tightening concerns and amid regulatory concerns.
Michael Saylor Supports Bitcoin as a Valuable Asset in the Digital Space
Michael Saylor the CEO of MicroStrategy Inc. stated that Bitcoin (BTC) is a better tool for trade compared to the use of other physical instruments
New Crypto Fund Could Promote Release of Physically Backed US BTC ETF: Bloomberg
The launch of a new futures-backed product could potentially back the release of handouts for a physically-backed US Bitcoin exchange-traded fund.
