
Bitcoin (BTC) Price Tanks to $52K in Brutal Market-wide Correction
While the overall cryptocurrency market lost $300 billion dropping below the $2 trillion valuation, Bitcoin and the altcoin market each contributed a fall of $150 billion.
While the overall cryptocurrency market lost $300 billion dropping below the $2 trillion valuation, Bitcoin and the altcoin market each contributed a fall of $150 billion.
The People’s Bank of China (PBOC) has accepted the concept of cryptocurrency with their introduction of the digital yuan, now Bitcoin is viewed as an investment alternative.
Bitcoin and Ethereum have been surging for days now, until they seemingly started a price correction on weekends. However, the correction did not come naturally, but as a consequence of a very unfortunate development reported in Turkey.
Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum.
Rothschild has been acquiring shares in the Grayscale BTC trust since 2017.
The price of Dogecoin made 84.7% of its surge in the last 24 hours having recorded $0.28 as its highest price point before falling back to its current price point of $0.24.
In anticipation of Coinbase listing yesterday, Bitcoin and other cryptocurrencies experienced an upturn in their values.
According to statistics from Statista, research on blockchain is currently in progress in diverse industries including media, telecommunications, and technology.
From a two-bedroom apartment beginning to hiring first 1000 employees in just two years, to seeing major attrition, and coming back from all the tough times, Coinbase has had a pretty good rise in its crypto journey.
However, the nomination of Gensler was not a smooth ride due to the political divide between the two leading parties.
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.