In this section, you will find important Bitcoin news, actionable trading ideas, and a live Bitcoin (BTCUSD) chart to help you understand the markets better.
Bitcoin (BTC) was the first cryptocurrency to turn mainstream. It is a peer-to-peer system that is controlled via blockchain technology. There is no bank or administrator controlling the digital currency. Bitcoin can be used to buy and trade on crypto exchanges, and is traded against the world’s major currencies such as the USD (BTCUSD). Bitcoins are stored in electronic wallets, which depend on private keys and cryptography. The private key is to manage your Bitcoin wallet while the public key is used to send and receive Bitcoin.
As Bitcoin transactions occur, records must be logged into the digital system called the Blockchain, but these logs are be done by sophisticated computer systems. Those who own these systems can allow their computer to log these records into the Blockchain and as a reward for their time and service, they receive Bitcoin.
There are a growing number of businesses and individuals using Bitcoin. This includes businesses like restaurants, hotels, and law firms, as well as popular online services such as Namecheap, Overstock.com, and Reddit. While Bitcoin remains a relatively new currency, it is growing fast. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures.
Bitcoin prices are presently struggling to retake the $60,000 psychological price level. However, the Bitcoin price outlook shows that the uptrend on the asset remains intact in the short-term and medium-term, and any dips could be accumulation opportunities. This Friday, Bitcoin dominance has fallen slightly, despite heavy movements by whales […]
BTC/USD is rebounding after Wednesday’s fall below 56,000, even as the crypto remains below the important 60,000 mark. The decline is as a result of the ongoing profit-taking. This is after the crypto hit its all-time high. Besides, BTC/USD is reacting to the comments made by Peter Thiel. The […]
Information from WhaleBot Alerts indicates that an unknown source has just minted 500,000,000 USDT tokens worth $497,832,540 into the Tether Treasury. This transaction was done on the Ethereum blockchain a short while ago. Such large-scale minting of Tether has traditionally been used to conduct large-scale purchases of major cryptocurrencies such […]
Binance Coin continues to retain significant buying interest, which is currently pushing the uptrend. This was recently reinforced by comments from the founder of the exchange the Binance Coin, Changpeng Zhao (CZ) in which he tweeted that Binance Coin was not in a dip at the moment. This tweet, which […]
The Algorand and Elrond prices have been in consolidation mode lately. The ALGO price is trading at $1.2897, where it has been in the past few days. It is about 54% above its lowest level in February. EGLD price, on the other hand, is at $133, which is also about […]
Bitcoin prices shot above $60,000 for the first time on Saturday, breaking new records in the process. The renewed surge in Bitcoin prices may not be unconnected with a new purchase of 262 Bitcoin tokens by MicroStrategy Inc on March 12 at a price of $57,146. This takes the company’s […]
Bitcoin prices are in another bullish run, gaining 11.19% as of the time of writing. This comes as Grayscale’s parent company announced it was using part of its cash balance to purchase $250 million worth of Bitcoin. The Digital Currency Group (DCG) is the parent company of Grayscale LLC, and […]
The Bitcoin and Litecoin prices have rebounded today as traders focus on the US futures market. The BTC price has jumped by 25% from last week’s low of $42,925 to today’s $54,000. On the other hand, the LTC price has jumped by 30% from last week’s low of $153 to […]
Binance Coin, one of the high flyers of the February 2021 surge in cryptocurrencies, is also experiencing a steep correction, as billions in market capitalization are wiped out from the ensuing correction. However, it has managed to claw back on some of the steep losses for the day, as seen […]
Bitcoin prices have experienced a sharp drop, crashing nearly $4500 as holders of Bitcoin derivative positions liquidate them. Coin tracking website Bybt.com reports that more than $1.5 billion worth of Bitcoin derivative contracts have been liquidated by cryptocurrency exchanges in the last day, allowing for a hefty correction that Bitcoin […]