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.
While the world focuses on the tension in the Middle East, QCP Capital analysts insist that the general outlook is good… Company analysts stated that Iran-Israel tensions may be in the spotlight for a while, but investors should ‘look at the big picture’.
Iran’s missile attack on Israel last night had a negative impact on crypto prices. A total of $550 million worth of positions were liquidated in futures transactions. Long positions accounted for $480 million of these positions.
Peter Brandt, known for his comments on financial markets, and Bitcoin-supporting analyst Willy Woo discussed the price trajectory. Peter Brandt stated that the uptrend seen since the lows in November 2022 can only be confirmed with a closing above $71,000, while Woo stated that it will take time to see the ATH level again.
Bitcoin was also on the agenda during the official contacts of El Salvador President Nayib Bukele in Argentina. Argentine Vice President Victoria Villarruel announced that they discussed Bitcoin with Bukele.
With the geopolitical tension in the Middle East, it brought a big drop in US stocks along with Bitcoin. The largest cryptocurrency fell as low as $62,500. Gold, on the other hand, rose more than 1% within minutes and rose above $2660 again.
September, which was generally negative for Bitcoin, made cryptocurrency investors relatively satisfied this time. While the best September since 2013 ended yesterday, hopes for October, known as ‘Uptober’, increased.
Tokyo-based investment company Metaplanet announced a new Bitcoin purchase. The firm bought 107.9 BTC and increased the number of Bitcoins in its possession to over 500.
CEO Zach Bradford said in an interview at Cleanspark, one of the most important Bitcoin miners in the US, that he thinks $200,000 will be seen in the Bitcoin price. Stating that he expects an upward explosion due to the long horizontal course, CEO Bradford said, ‘$200 thousand will probably be the peak level.’
Core personal consumption expenditure data (PCE) for August was announced in the US. PCE, one of the data that the Fed pays the most attention to the course of inflation, has been unprecedentedly low and below expectations since February 2021.
The allegations spread on social media last week that Coinbase does not hold real Bitcoin on behalf of BlackRock do not seem to have convinced BlackRock despite the trust environment provided. The world’s largest asset manager requested an amendment to its ETF/BTC custody agreement with Coinbase yesterday evening. If the amendment is approved, Coinbase will now have to make Bitcoin withdrawals requested by BlackRock to an open address. Transactions will also have to be completed within 12 hours.