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.
Although Bitcoin reached its $69,000 peak again yesterday after more than 2 years, it could not stay here for long and experienced a sharp decline down to $59,000. The main reason behind the big sell-off is estimated to be that some accounts that were mining even in 2010 moved BTC to Coinbase.
BlackRock, the company that approved the Bitcoin spot ETF on 10 January, made a new application to the SEC. The giant company, which manages $10 trillion in assets, wants to include Bitcoin in one of its major funds.
Bitcoin spot ETFs received one of their largest investments yesterday. There was a net inflow of 562 million dollars to ETFs. While Grayscale continued its sell-offs on Thursday and Friday yesterday, there was an outflow of $368 million from the company. On the other hand, BlackRock was the company that received the most investment.
Cryptocurrency analyst Willy Woo, who is widely talked about with his predictions, especially during the bull season in 2021, stated that we are still in the early stages of the bull season and that he predicts that the price will be “at least” $125 thousand by the end of 2025.
Bitdeer, a Singapore-based company as well as a mining company listed on the Nasdaq stock market, has officially announced its own chip called SEAL01 and a device called SEALMINER A1. The chip, which will be 4 nano-metres in size, will be able to save energy as well as perform more calculations.
While Bitcoin is getting closer to the record of $69,000 every day, the $68,000 level was surpassed last night. According to the news reported by Reuters on The Block data, the big surge in Bitcoin is fuelled by crowded groups in the Far East rather than small investors’ purchases in North America. There is also great interest in US ETFs from the Far East…
Cryptocurrency investment products received the second largest net investments in their history last week. While the products saw a net inflow of $1.84 billion, US ETFs dominated the sector. Weekly trading volumes also surpassed $30 billion. 94% of the investment inflow came to Bitcoin products. The increase in XRP and Chainlink funds was also an important detail.
Bitcoin’s unstoppable rally in recent weeks has led to new ATHs in many local currencies, while today’s $67,000 level also achieved a record break in the euro and sterling, which are among the world’s strongest currencies.
A mysterious investor who has been regularly buying hundreds of Bitcoins every day since November 2022 has raised curiosity in the cryptocurrency industry. The investor in this case accumulated 51,164 BTC in his wallet with his purchases. At current prices, this amount is worth $3.3 billion.
While Bitcoin is getting closer to its record from two years ago with every passing day, the $67,000 level has also been seen as of today.