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 $60,000 level seen in Bitcoin last week and the strong uptrend from here did not escape the eyes of Bitfinex analysts. Analysts stated that the decline was a healthy move and prevented the harsh volatility that could lie in the short term.
QCP analysts stated in their evaluations today that they expect positive movements for October. In their analyses, analysts who said ‘Uptober seems to be back’ wrote that interest has returned to Bitcoin and cryptocurrencies. Stating that Friday’s non-farm employment figures were perceived positively by the
The Japan-based investment firm once again bought Bitcoin. With its $6.9 million purchase, the company increased the number of BTC in its hands to 639. After the purchase announcement, company shares also increased by more than 10%.
Cryptocurrency funds closed last week with a net loss of $159 million. Bitcoin funds were at the top in outflows as well as inflows. While Ether funds also sold, altcoin funds closed the week largely positive.
Elon Musk, known for his support for Donald Trump in the US presidential elections, attended Trump’s rally in Pennsylvania yesterday, where Trump survived an assassination attempt months ago. After Musk’s speech, Trump moved ahead of Kamala Harris in polls and betting sites.
Bitcoin, which fell below $60,000 in Iran-Israel tensions last week, started to rise as of yesterday evening. The largest cryptocurrency rose above $63,900 early this morning and started to push the $64,000 limit.
Non-farm payrolls in the US was announced as 254 thousand. The expectation was 150 thousand. The unemployment rate, which was expected to be 4.2%, was announced as 4.1%. After the announcement, gold fell, while Bitcoin remained stable. There is a 0.5% increase in the dollar index.
The International Monetary Fund (IMF) has once again issued a Bitcoin warning to the Latin American country of El Salvador. A spokesperson for the institution said that although they are against Bitcoin, they will continue to work with El Salvador, but they advise the government to reduce the links of state institutions with Bitcoin.
Analysts at JPMorgan, one of the world’s largest banks, stated that investors could switch to Bitcoin and gold due to the depreciation of local currencies, geopolitical events and US elections could also accelerate this.
Metaplanet, which started buying Bitcoin this year and declared the largest cryptocurrency as a reserve asset, sold option contracts. The company earned 23.9 BTC from this sale and increased the total number of Bitcoins to 530.7.