While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
Anthony Scaramucci, founder of investment management company SkyBridge, said in a program that he thinks Bitcoin will exceed the $100,000 level towards the end of the year. Scaramucci also stated that the largest cryptocurrency may also drop to the $50,000 level before this rise, but he predicts that a sharp rise will come after that.
The German state’s Bitcoin sales continue at full speed. While 3100 BTC exited the government wallet, 1692 BTC returned to the wallet from the Bitstamp exchange. The Germans still hold $1.5 billion worth of Bitcoin.
The Germans, who have been selling Bitcoin intensively since June, sent $900 million worth of Bitcoin to exchanges yesterday, while in the evening they surprisingly received $200 million worth of BTC back. There are currently more than 27 thousand Bitcoins in the wallet.
Crypto funds received $441 million in investments last week. Although Bitcoin dominated the funds as always, this dominance decreased to 90% and investors also saw the declines in altcoins as an investment opportunity.
While cryptocurrency investors are questioning whether the rise will continue after the $73,000 peak in Bitcoin, US financial analyst Benjamin Cowen said that the point to be considered here is the 200-day simple moving average.
Metaplanet, which first announced the purchase of Bitcoin to its company reserves in April, announced that it purchased 42 more BTC worth approximately $2.4 million. The number of Bitcoins held by the company increased to 203.
Mt. Gox and the German government’s sales showed Bitcoin below the $55,000 level, while analysts at the cryptocurrency exchange Bitfinex drew attention to the fact that institutional firms do not buy in the summer months and highlighted the “vacation” reason.
Non-farm payrolls and unemployment figures, which are important for disinflation in the US, were announced. According to the figures of the Labor Department, non-farm employment was 206 thousand and unemployment rate was 4.1%.
After 10 years, Mt. Gox’s board of trustees, the timing of BTC and BCH payments to creditors varies from exchange to exchange. For example, a creditor requesting payment to the Kraken exchange has the possibility of receiving their coins after 90 days…
As Bitcoin dipped below $54,000 as of Friday morning, Caua Oliveira, an analyst at on-chain analytics platform CryptoQuant, said the sell-off was driven by a new group of investors unable to handle market volatility.