$50 419
1H
-0.04%$-20.18
24H
1.16%$578.2
7D
-2.86%$-1 484.4
Bitcoin is the pioneer of cryptocurrency concept, as it’s the first decentralized digital currency introduced back in 2009. The creator of BTC and underlying blockchain technology is mysterious Satoshi Nakamoto, whose true identity hasn’t been discovered yet, despite quite a lot of people claimed they had created Bitcoin. BTC opened up the new industry of peer-to-peer crypto coins, that has been actively evolving since then.
The value of 1 Bitcoin went back above the $50,000 psychological level after Jack Dorsey’s Square revealed that they had purchased 3,318 BTC for $170 million at an average price of $51,236 per coin.
India has now renewed its efforts towards seeing the back of digital coins as a transition period has been given to crypto holders to liquidate their assets.
Square announced an additional Bitcoin (BTC) purchase of $170 million buying the dips after BTC price crashed sub $46K levels on Tuesday in a marketwide correction.
On Tuesday, Bitcoin price collapsed over 15% leading to the first sharp price correction this year in 2021. However, this happens after Bitcoin surged over 90% year-to-date hitting its new all-time high above $58,300.
According to Michael Saylor, anyone with access to a mobile phone can save in Bitcoin regardless of what part of the world they live in.