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.
The mining difficulty, which peaked even when Bitcoin was experiencing very serious declines, hit a record again yesterday. The difficulty level exceeded 83 trillion. With the difficulty, the hashrate also peaked again and showed that more miners were included in the system.
Bitcoin started this morning breaking yesterday’s record and reached up to $73,670. ETFs, the biggest reason for the largest cryptocurrency to reach these levels, received hundreds of millions of dollars of investment yesterday.
Bitcoin’s rises have pushed the price above $ 73,000, while the demand for ETFs has not slowed down. Ki Young Ju, CEO of on-chain tracking platform CryptoQuant, claimed that there will be a serious Bitcoin supply crisis in the next 6 months.
Bitcoin’s rise yesterday, first reaching the $73,000 level, then retreating to $69,000 and rising again, led to huge losses in crypto futures. While some users were caught in FOMO, others expected a decline after the rises, but more than $360 million was lost in positions.
Bitcoin, which adds a new one to its records every day and continues to rise, exceeded the $ 73,600 level today and renewed the record it broke yesterday. Yesterday’s peak level, especially in US ETFs, is also thought to have triggered today’s rises.
While Bitcoin added a new one to its records by exceeding $73,600 today, it was seen that a whale made a total profit of $217 million. The whale, which bought with an average of $32,500, started sales at $43,000, but stopped with the acceleration of the rises. This stance seriously increased the investor’s profits.
Bitcoin miners, whose rewards will be halved with the halving, increased their income with the surge in price. Miner revenues reached an all-time high over the weekend.
The SEC delayed two US derivatives exchanges and Nasdaq’s request for option transactions in spot Bitcoin ETFs. The institution will make its final decision on 24 April.
Tesla, one of the world’s largest electric car manufacturers, may have bought Bitcoin again. Tesla’s Bitcoin wallet, followed by crypto analysis firm Arkham, has 1789 more BTC than the company announced.
Bitcoin spot ETFs, which have received a total net investment of $8.8 billion since they opened for trading on 11 January, received an investment of $332 million yesterday. BlackRock and Fidelity were at the top again.