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 – 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
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 […]
Bitcoin, just like gold, is in a position to withstand Fed’s tapering talks according to SkyBridge Capital’s co-chief investment officer, Troy Gayeski. During a telephone interview, the analyst stated, “All fiat-currency alternatives – which have all gone through fairly recent substantial corrections – are in a much better place now […]
A tweet from Elon Musk suggesting he has finally ended his on/off relationship with the cryptocurrency has sent the Bitcoin price sharply lower. Once again, BTC/USD has failed to break above $40,000. Yesterday the signs were encouraging. Bitcoin had gained +18% to $39,490 after rallying in 4 of the last […]
Since May’s crypto crash, the Bitcoin price has been trading in a narrowing range. The latest failure to break higher suggests $34,600 may be next. The cryptocurrency market has found itself in a state of disarray recently. The start of 2021 was a fertile hunting ground for the Bulls. Bitcoin’s […]
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 […]
Bitcoin prices (BTC/USD) took a downturn today as another round of selling hit the cryptocurrency market. However, today’s selling round was relatively muted when compared to the market capitulation of May 23. Bitcoin prices have bounced off the support at 37,455 after it emerged that another institutional entity had taken […]
Since the capitulation on Wednesday, The Bitcoin price has been on snooze-control. Bruised traders may welcome the quiet but its unlikely to last. After the last couple of weeks, worn-out cryptocurrency traders must have needed the peace of the last two days. BTC/USD has been fluctuating on either side of […]
Bitcoin prices are tumbling once more after a Cointelegraph report indicated that the financial market regulators are planning a prohibition on retail cryptocurrency trading. According to the report, the decision by the FTSB has been passed on to the city’s legislature, which will mean that only millionaires will be allowed […]
After clearing the key indicator on yesterday’s rally. The Bitcoin price is once again back at the crucial 200-day moving average. After Wednesday’s cryptocurrency massacre, bulls were looking for a sign that the market had seen the worst of the liquidation. The +42% reversal from the mid-week low of $30,000 […]