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$BTCUSD BitcoinBitcoin (BTC) price has increased today. The price of Bitcoin (BTC) is $23,693.95 today with a 24-hour trading volume of $29,607,630,597. This represents a 1.30% price increase in the last 24 hours and a -3.00% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $457,812,511,932. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
Long
by BADQOMOCAWGOWLD
1
Bitcoin - BTC 🟢step 1 is done 🟠step 2 in progressBitcoin Using RSI & SMA delta Indicator by MarcoValente (changed settings)... 🟢step 1 is done 🟠step 2 in progress (close above 0.50) Next BTC bullish run ahead dear Crypto Nation❓🚀 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BNC:BLXLong
by Crypto4Everybody
1
BTC / ETH / HEX WEEKLY LOOK! WHAT's NEXT?BTC - INSIDE Day , Possible reversal on the week (21K target).Will 20K be retested??.. Next Target upside $25300 area needs to break and hold. ETH - INSIDE Day , Possible reversal on the week ($1450 target)... Next upside Target $1750 area needs to break and hold. HEX - 2 Down Day , Possible reversal on the week... Will 0.05 Cents hold? Next upside Target 0.073 needs to break. PULSECHAIN NEWS will help this coin keep raising. This asset has relative strength from BTC/ETH. What's Next? Wait for the Daily Candle to tell US! Best of luck in your Trades.. DISCLAIMER: This video is for entertainment purposes only.
BITSTAMP:BTCUSD
by Agent87
What will happen to MATIC after leaving the $1 penny Crypto areaWhat will happen to MATIC after leaving the $1 penny Crypto area❓ The Renko Chart shows that Polygon is at an important support line🟩 Chances for a bullish breakout confirmation are good IMO🚀 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
MLong
by Crypto4Everybody
6
DXY - Will US Dollar history of 1981 repeat? 🔲DXY Will the USD find support at this important monthly line🔲and history of 1981 repeat with a bullish run⁉️🚨 Personally I don't expect that due to the parabolic $-M1 Supply But what are your thoughts on that dear #Bitcoin and Crypto Nation? Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
TVC:DXY
by Crypto4Everybody
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone! From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Long
by TheAnonymousBanker
13
$QOMWETH Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap. The live Shiba Predator price today is $1.02e-7 USD with a 24-hour trading volume of $4,162,720 USD. We update our QOM to USD price in real-time. Shiba Predator is up 30.55% in the last 24 hours. The current CoinMarketCap ranking is #381, with a live market cap of $61,291,329 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.
Long
by BADQOMOCAWGOWLD
Bitcoin ($BTC): Price Action Analysis & Forecast in medium-termHi everybody! In recent months my view on Bitcoin has not changed and only technical analysis will tell me "if and when" to change my mind. Well, as mentioned in our latest weekly analysis, the approach to the resistance area (Pivot + MA200) was expected, so we are not surprised by the rally triggered during yesterday's session. In support of this analysis, the Market Cap Index (TOTAL2) also seems to prove us right (see chart below), even if at the moment, on weekly chart, the trend is bearish, yet. Another interesting element is to see "how" $BTC triggered this bullish leg from 15,000 (that's why I don't use indicators or oscillators in my analysis). Today and in the next sessions, my supporters and I will continue to follow the dynamics on lower time frames (daily and intraday chart) in search of the next swing that should push the Price Action towards a consolidation. From a technical point of view, I think it is much more important to follow the opening of the next weekly bar than the closing of this candle....but this is just my opinion... TOTAL MARKET CAP ANALYSIS (Click & Play on Chart below) BULLISH LEG from 15,000 AREA (Click & Play on Chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
by TheAnonymousBanker
4
Crypto analysis: Bitcoin struggles at $25K• Risk off in equity markets pose threat to positively correlating crypto prices • Rising bond yields increase opportunity cost of holding zero-yielding assets • Dollar strength weighs on nearly all dollar-denominated assets Bitcoin has started to print bearish price action again after being unable to hold its breakout above the August high, around $25K. While it hasn’t quite sold off, the potential is there for a sizeable drop because of the renewed weakness we have seen across risk assets in recent days. What’s more, the strength in bond yields is continuing to increase the opportunity cost of holding zero-yielding assets like gold and Bitcoin. Yields have been on the ascendency since the start of the month , when the Fed and ECB both appeared more hawkish than the markets had anticipated. Incoming data since those central bank meetings have been mostly better-than-expected, with US inflation and jobs data in particular supporting the view that more rate hikes are needed to cool the economy. But will today’s FOMC minutes match the recent hawkish FedSpeak? If it does, then l reckon both the dollar and yields will rise further, an in turn hurt BTC/USD. There’s been some talk that policymakers are looking to return to 50 basis point rate hikes again, but I highly doubt this is going to be the case as the Fed has already tightened its policy aggressively and will now go in with smaller increments so as to avoid an unwanted hard landing. Still, markets have realised that the Fed wants to keep its contractionary monetary policy in place longer than they had expected at the back end of last year and start of this year, owing to further improvement in US data and sticky inflation. Tactically, the bears could step in more aggressively than we have seen if BTC/USD were to break below its most recent low at $23,840. If that happens, then price could follow the path we have created on the chart. The bulls meanwhile will want to see a clean breakout above $25.2K to confirm the bullish reversal. That’s because the fake out above this level on Tuesday has raised doubts over the bulls’ conviction. -- Written by Fawad Razaqzada, Market Analyst with FOREX.com Follow Fawad on Twitter @Trader_F_R
COINBASE:BTCUSDShort
by FOREXcom
1