Bitcoin – BTCUSD

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.

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Bitcoin (BTC/USD) News

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Bitcoin Price Forecast: Where to Next?

Bitcoin is trading higher as investors digest the US inflation data released on Thursday. According to the US Department of Labor, consumer prices rose to a 13-year high at 5.0% in May on a year-on-year basis. The figure is higher than the forecasted 4.7% and the prior month’s 4.2%. At […]

Bitcoin price BTCUSD

It may be time to pause on Bitcoin – Academy Securities

Bitcoin has extended its losses as the IRS seeks additional authority from the US Congress to regulate the cryptocurrency sector. President Biden’s government is proposing for cryptocurrency exchanges and other brokers to report details regarding their customers. This includes indirect foreign investors. If the lawmakers approve the proposal, businesses will […]

Is Bitcoin still a good investment in 2021?

What is Bitcoin, and how does it work? Bitcoin is the first cryptocurrency in the world. It was created at the beginning of 2009 by an anonymous person called Satoshi Nakamoto. Like most digital currencies, Bitcoin is not issued by a central authority. Therefore, it is immune to government manipulation […]