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 Long-Term Address Activity Rebounding, Signaling a Breakout sign
On-Chain metrics provider Santiment noted that BTC long-term address activity surged to levels witnessed in mid-April, which could signal a breakout.
Bitcoin Needs to Flip the $47K Area for Support before Witnessing a Surge to $50K
Market analyst Michael van de Poppe believes that Bitcoin needs to flip the $47K area to accomplish its $50K journey.
Crowd Sentiment Towards Bitcoin Tends to be More Positive Than Usual
Crowd sentiment towards BTC has been on an upward trajectory because more traders have become optimistic about this crypto asset scaling the heights.
GoSats Pairs with NPCI to Launch a New Bitcoin Cashback Reward Card in India
The Bitcoin Rewards app GoSats has partnered with the National Payments Corporation of India (also known as NPCI) to launch a new cash-back reward card in India.
Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption
Market analyst Holger Zschaepitz believes that the big three central banks, namely the Federal Reserve (Fed), the Bank of Japan (BoJ), and the European Central Bank (ECB), have been instrumental in Bitcoin adoption.
On-Chain Transactions Above $10 Million Skyrocket on the Bitcoin Network
More large accounts or organizations are taking part in the Bitcoin network as on-chain transactions above $10 million have gone through the roof.
16.4% of Total Bitcoin Supply Back to Profitability as Daily BTC Addresses Edge Closer to the 1M Mark
16.4% of total BTC supply is back to profits, which indicates that approximately 3.08M BTC were last spent, and thus have an on-chain costs basis in this price range.
Short-Term BTC Holders Experience Slight Profits as Bitcoin-Gold Realized Correlation Turns Negative
Short-term Bitcoin holders have a reason to smile because they are back to profitability.
Bitcoin Stands at Crucial Level of Support at the $45K Region
Market analyst Michael van de Poppe believes that Bitcoin has retraced to a crucial level of support at the $45K area.
Bitcoin’s Supply Ratio on Exchanges Hit a 26-Month Low as BTC Miner Reserves Edge Closer to an ATH
Bitcoin (BTC) holders continue to show their confidence in the leading cryptocurrency as the supply ratio on exchanges slumped to a 26-month low.
