Bitcoin

CRYPTO:BTC
$74,841.60
2024-11-07 05:09:03 ET

Bitcoin is a digital currency created in 2009 by an anonymous individual or group under the pseudonym Satoshi Nakamoto. It operates on a decentralized network, allowing users to make peer-to-peer transactions without the need for intermediaries like banks. Transactions are recorded on a public ledger called the blockchain, maintained by a network of miners who validate and secure transactions through cryptographic algorithms. Bitcoin's supply is capped at 21 million coins, making it deflationary by nature. Its value is determined by market demand and supply dynamics, resulting in significant price volatility.

Bitcoin is lauded for its potential to revolutionize finance by offering greater financial inclusion, lower transaction fees, and resistance to censorship and inflation. However, it faces criticisms for its environmental impact due to the energy-intensive process of mining, scalability issues, and its association with illicit activities on darknet markets. Despite these challenges, Bitcoin has garnered mainstream acceptance as an investment asset and payment method, with numerous businesses and individuals adopting it worldwide. Its underlying technology, blockchain, has also inspired innovations across various industries beyond finance.

BTC Articles

Bitcoin (CRYPTO:BTC) prices have fluctuated quite wildly in recent sessions amid the escalating situation going on in the Middle East. Undoubtedly, top cryptocurrencies, like Bitcoin, may still be...
Bitcoin (CRYPTO:BTC) has experienced significant volatility in 2024, rising 60% in Q1 before stabilizing within a narrow range. As of September 26, the world’s largest cryptocurrency still remains...
Bitcoin (CRYPTO:BTC) and other cryptocurrencies have been under a modest amount of pressure in recent months. Though the weakness may be an ominous sign to some, dip-buyers who are gearing for...
The Federal Reserve gave stock markets a huge shot in the arm as it delivered a sizeable 50 bps interest rate cut, far larger than many pundits were expecting. It wasn’t just stocks, which benefit...
Since November 2022, the S&P 500 is up 47% over those 20 months. Its gains in the first half of this year matched those achieved last year. However, the second half of 2024 is off to a rockier...
The Biden administration has been critical of crypto, with banks hesitant, regulators aggressive, and adoption slowing. However, a Trump presidency could shift this landscape. Despite Trump’s...
Former President Donald Trump has shifted from his previous criticism to a more favorable view of cryptocurrencies, recognizing their potential benefits. This change was evident in recent speeches,...
24/7 Wall Street Insights A global economic meltdown is apparently underway, affecting equities particularly, but also impacting cryptocurrencies and commodity prices. A perfect storm of negative...
Crypto mining remains a lucrative albeit energy-intensive business. Marathon Digital Holdings is up 29% over the past month. Short sellers have increased their positions targeting the blockchain...
The 2024 U.S. Presidential election is entering the stretch run. With Donald Trump leading polls, we take a look at what a win in November could do to the price of Bitcoin. Trump has made a number of...
In the modern market, investors who cannot afford high-priced shares are no longer required to shell out hundreds of dollars to access the best quality stocks. Instead, they can still gain exposure...
Regardless of your opinion about bitcoin (CRYPTO:BTC), or cryptocurrencies in general, they are here and many people are making a lot of money with them. As with any new technological advancement,...
24/7 Wall Street Insights MicroStrategy’s Business Intelligence software is used by many large corporations, such as WalMart. MicroStrategy has intentionally let the software business slow down to...
Among the “old guard” in the world of crypto, Litecoin (CRYPTO: LTC) doesn’t really get its due. Of course, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are going to capture most of...
In recent years, Bitcoin’s (BTC) allure has become undeniable. You can hardly talk about investing without mentioning It. It’s captured both headlines and imaginations, promising to usher in a...