$9,000 would be the ideal “buy the dip” opportunity, says Vays, with $7,000 soon to form Bitcoin’s untested 200-week moving average.
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?
To ban crypto or to tax, that seems to be the question.2320
Bitcoin’s realized capitalization has soared above its 2017 record high, but Ethereum’s has struggled to reclaim its former highs7945
Tech billionaire, Tim Draper, has revealed he owns a myriad of altcoins in addition to his 30,000 BTC.9986
Bears lurk as Bitcoin price is down and $284M in CME BTC options are set to expire on Friday.5493
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.7326
The numbers seem to line up, but do the facts?14018
Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves.7548
In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the first one: upgradeability.1297
Leading DeFi token Uniswap has seen massive losses recently following in the footsteps of CRV and SUSHI.2914
Art historian-turned-blockchain artist Gentilli believes that the Bitcoin codebase is a culturally and politically significant piece of 21 century history.6676
Rising by $200 each month, the 200-week moving average has formed an implied BTC price floor since Bitcoin first appeared in 2009.6580
Social media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd.8741
Larger payment channels on Bitcoin’s Lightning network could be exploited according to an independent developer4660
Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform.5328