Bitcoin (BTC)
Bitcoin (English. Bit-the minimum unit of information and coin-coin) is a payment system based on P2P technologies (English. Peer-to-peer-equal to equal). The principle of its operation is built on the open data transfer protocol. The system uses the same estimated unit “Bitcoin” – the first and the most famous cryptocurrency. The main feature of bitcoin is called complete decentralization.
What is bitcoin and how it works? We explain in simple words
What is the main innovation of bitcoin? Who has created it and who is developing now? How the price of bitcoin has changed over the years? Collected basic information about the first cryptocurrency in the cards.
#Bitcoin
Bitcoin (English. Bit-the minimum unit of information and coin-coin) is a payment system based on P2P technologies (English. Peer-to-peer-equal to equal). The principle of its operation is built on the open data transfer protocol. The system uses the same estimated unit “Bitcoin” – the first and the most famous cryptocurrency. The main feature of bitcoin is called complete decentralization.
US Solana has been senators called on Fidelity to revise pension products with bitcoin
Senators Richard Durbin, Elizabeth Warren and Tina Smith sent CEO Fidelity Investments to Abigail Johnson, a letter called to revise the Bitcoin option in cumulative pension accounts 401 (K).
Investors recordly increased investments in bear Bitcoin funds
The influx of funds in cryptocurrency investment products from November 12 to 18 amounted to $ 43.7 million against $ 42 million weeks earlier. Such grades were cited by CoinShares analysts.
Glassnode recorded the growth of “paper” losses of bitcoin-hoplings
The unrealized loss of the “average” long-term bitcoin investor reached 33%, Glassnode analysts shared calculations.
Crypto funds attracted the maximum amount of funds in three months
The influx of funds in cryptocurrency investment products from November 5 to 11 amounted to $ 42 million against outflow of $ 15.6 million a week earlier. Such grades were cited by CoinShares analysts.
FTX collapse led to a record reduction in exchanger bitcoin balances
Against the background of the FTX collapse, a record outflow of bitcoins from the balance sheets of exchanges to cold wallets was observed. The monthly pace reached 106,000 BTC, calculated Glassnode analysts.
Nydig chairman called to choose bitcoin instead of altcoins
The founder of the NEW York Digital Investment Group Ross Ross Stevens called for the crypto industry participants to invest exclusively in Bitcoin.
Analysts indicated $ 21,100-23 500 as a resistance for bitcoin
The early signs of demand coincided with the reward of the record for the number of bitcoins at the disposal of the Hodler. To continue the growth of digital gold, it is necessary to overcome resistance in the form of a number of onchain-metrics, Glassnode analysts noted.
Investors reduced investments in bitcoin funds after a Fed
The outflow of funds from cryptocurrency investment products from October 29 to November 4 amounted to $ 15.6 million against a tributary of $ 6.1 million weeks earlier. Such grades were cited by CoinShares analysts.
Analysts predicted bitcoin consolidation in the range of $ 16,500–21 100
The course of the first cryptocurrency remains in the range of $ 16,500–21 100, reflecting the fragile balance of supply and supply. The indicators signal the absence of the transition of the initiative from the bears to the bulls and the risk of a new wave of redistribution of coins, the Glassnode analysts write.
Analysts pointed to the passivity of investors on crypto funds
The influx of funds in cryptocurrency investment products from October 22 to 28 amounted to $ 6.1 million against outflow of $ 5 million a week earlier. Such grades were cited by CoinShares analysts.
Filled 14 years since the publication of White Paper Bitcoin
October 31, 2008 Satoshi Nakamoto published White Paper Bitcoin. The technical document described the principle of operation of a one -rat payment system, which subsequently revolutionized financial technologies in the world.
Glassnode examined the bull and bear scripts on bitcoin
Glassnode analysts presented arguments in favor of optimistic and negative scenarios of further development of the Bitcoin situation. The current historically low values of volatility indicate the coming exit from consolidation.
Analysts recorded an insignificant outflow of funds from crypto funds
The outflow of funds from cryptocurrency investment products from October 15 to 21 amounted to $ 5 million against an influx of $ 12 million weeks earlier. Such grades were cited by CoinShares analysts.
Tesla estimated the cost of bitcoins on a balance of $ 218 million
The manufacturer of Tesla electric cars, as part of the reporting for the third quarter, said that he continues to hold the first cryptocurrency worth $ 218 million on the balance sheet.
Research: In the third quarter, Bitcoin in dynamics lost only the US dollar
From July to September, the first cryptocurrency fell into 1%, showing better dynamics than fiat currencies (except the US dollar), leading stock indices, gold and oil. This is stated in the quarterly report Coingecco.
Analysts warned of the upcoming surge of volatility
A decrease in the implied and realized volatility to historical minimums created a combination of “wild” quotes in the near future. This was reported by Glassnode experts.
Analysts recorded an insignificant influx of funds on crypto funds
The influx of funds in cryptocurrency investment products from October 8 to 14 amounted to $ 12 million against an outflow of $ 5 million weeks earlier. Such grades were cited by CoinShares analysts.
Interlock interval in Bitcoin unexpectedly reached 85 minutes
The time of the bitcoin block #759 054 was 85 minutes instead of ~ 10 minutes provided for by the blockchain algorithm. It was obtained by the Luxor pool.
Analysts proposed to accumulate bitcoin against the background of signs of the formation of the bottom
Bitcoin is able to break the connection with traditional risky assets. This can happen due to the realization of investors that most of the threats come from governments and fiat currencies, Lookintobitcoin experts allowed.
Experts pointed to the potential of a surge of volatility in the cryptocurrency market
The ratio of open interest (OI) in futures and unlimited contracts for Bitcoin and Ethereum to their capitalization reached a record. Against the background of current consolidation, this may be a harbinger of a sharp increase in volatility, Assearch analysts allowed.
Analysts pointed to the signs of the formation of the bottom of the price of bitcoin
Based on the analysis of behavioral patterns, the structure of the market and the hectic-indicators Bitcoin are close to the completion of the bear market. This is written by Glassnode analysts.
Paul Tudor Jones announced the Bitcoin Hodlling Strategy
The trader and founder of the hedge fund Tudor Investment Paul Tudor Jones in an interview with CNBC said he continues to hold a position in the first cryptocurrency.
Luxor launched an investment product attached to the income from mining
The American mining company Luxor Technology has launched a stupid forward contract, the price of which reflects the dynamics of revenue from the production of the first cryptocurrency. About this writes The Block.
Peter Brandt ridiculed Bitcoin supporters and “laser eyes”
Texalithic and head of Factor LLC Peter Brandt said that the first cryptocurrency purchased in 2021 was a loss -making today. He also ridiculed Bitcoin supporters for the use of “laser eyes” on Twitter avatars.
Michael Saylor doubted the success of national digital currencies
CBDCs are unstable and doomed to failure, and the first cryptocurrency is a foregone conclusion to become the best form of money due to its limitations in the context of time and energy. This was stated by the ex-head of Microstrategy and Bitcoin-maximalist Michael Seilor.
The devaluation of the pound led to the record purchases of bitcoin for GBP
On September 26, the daily volume of Bitcoin bitcoin nominated in the British pound reached a historical maximum of 47,000 BTC in the light of a sharp weakening of the British national currency. Similar calculations were made by Arcane Research analysts.
Analysts recorded the growth of gold and bitcoin correlation
The coefficient of the price relationship of gold and its digital counterpart exceeded 0.3. Over the past year, the indicator ranged from -0.3 to 0.2 in the corridor, the Kaiko new study said.
Mike Novograts: Bitcoin will resume growth against the background of softening the Fed’s policy
The first cryptocurrency will rise in price if the Fed refuses an aggressive increase in betting to combat inflation. This was stated by the head of Cryptobank Galaxy Digital Mike Novograts.
McDonald’s began to accept bitcoin payments in Swiss Lugano
McDonald’s fast -fast restaurant network began to take payments in Bitcoin in the Swiss city of Lugano.
Lightning Network: Fast and cheap bitcoin transactions
How does Lightning Network (LN) work for bitcoin? Why are the translations of the first cryptocurrency through LN so cheap and fast? What are the disadvantages of this solution? We understand the cards.
Rumors about the possible bankruptcy of Credit Suisse alarmed the market
Credit Defolt Swaps (CDS) for the debt of one of the largest investment banks in Europe Credit Suisse jumped to a record level after the financial crisis of 2008. Such high values indicate a 23% probability of its collapse over the next five years.
Scientists called Bitcoin “digital oil” due to the impact on the climate
From the point of view of damage to the climate, Bitcoin acts more like “digital oil” than “digital gold”, researchers from the University of New Mexico believe.
The head of CFTC predicted the growth of bitcoin after establishing the supervision of the authorities
The regulation of the digital assets market under the leadership of CFTC may have significant advantages, including the potential increase in the price of the first cryptocurrency. This was stated by the head of the department Rostin Benham, writes Coindesk.
Research: Bitcoin mining produces 0.1% of the world emissions Co₂
Since the creation of the Bitcoin network until September 21, 2022, miners of the first cryptocurrency produced 199.65 million tons of carbon dioxide equivalent.
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