Bitcoin News Today
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 Adoption
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.
Venturing in Bitcoin
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
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.
Wisebitcoin’s presence in the digital asset trading industry extends beyond the exchange, with its cloud services anchoring over 200 other exchanges globally.
Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.
Van de Poppe has strong forecasts for Bitcoin and is also bullish on Polkadot (DOT), which just recorded a new all-time high.
MicroStrategy holds a very pivotal role in the institutional adoption of Bitcoin and all eyes are on the company to know its next moves.
On January 2, Bitcoin was trading at about $30,300. On Sunday morning, it surpassed $34,000 for the first time ever, which put the gain this year at almost $5,000.
Bitcoin has surpassed $34,000, setting a new record high as FOMO from institutional investors at Coinbase propels the crypto.
While Bitcoin has enjoyed a high level of acceptance both from investors as well as recognition from the mainstream media, many gold proponents believe its meteoric rise is a bubble.
Bitcoin (BTC) continues with its aggressive rally as the world’s largest cryptocurrency eyes for $30,000 before bidding the final adieu to 2020. It has been a phenomenal year for BTC investors as the world’s largest has emerged a potential outperformed to Gold.
Now your Bitcoin transaction can easily be canceled with the help of the Blenderwallet.io platform with the help of the RBF mechanism.
As Bitcoin hits a new all-time high above $28,500, analysts expect that it shall peak-out in early 2021 and thus retail players could get an opportunity to buy at lower levels ahead.
For asset managers including Skybridge Capital, an entry into the world of Bitcoin and cryptocurrencies will serve as a wake-up call for existing clients to have a positive disposition towards BTC as well as the new cryptos that will be supported.
According to the CoinMarketCap data, Bitcoin has made a daily gain of 6.671% to its current price of $27,965.
Unfortunate year-end for Ripple continues as due to the US SEC lawsuit cryptoexchanges are delisting XRP.
While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.
Polkadot (DOT) saw daily gains of 22.5% wrapping up an impressive week with an almost 34% rise in its value.