Bitcoin price action has turned sideways amid fears of potential Coronavirus lockdowns across Europe establishing some clearly-defined support and resistance levels around $13K.
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
Grayscale CEO says that Bitcoin will win because both a Trump or a Biden election victory would result in more "brrr" or the expansion of the US dollar supply.1618
Over 200 firms in Simplex’s network can enable euro cashouts from Tether.1396
Gold sinks to yearly lows against Bitcoin but Peter Schiff remains convinced that the former's price gains are ill-gotten.6744
A supposed Uphold user said that the first issues on CredEarn started on Oct. 15.3542
The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date.3144
Echoes of June appear among miners, but the future could likewise produce a price rebound if history repeats itself.5974
The debit card was made possible thanks to an alliance with a Spanish neobank3657
$450 million in Bitcoin futures are set to expire on Friday and data shows bullish pro traders are prepared to defend $13K.19020
Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish.14539
Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons.22660
The price of Bitcoin dipped below $13,000 on Wednesday, but despite the 7% drop in 11 hours, the market sentiment remains positive for three key reasons.18644
Briefly challenging $14,000 produced major volatility for BTC/USD, which subsequently retreated by over $500 in hours.16540
Hash rate has also tumbled on the Bitcoin network.12660
Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600.13441