$BTC Weekly Bulls got the candle close they wanted. Massive weekly volume, huge wick down, bullish SFP through 2021 summer lows. 200 EMA test, 3rd ever, all bottoms. Now we wait a week to see if there’s follow through. That’s a bottoming candle. Doesn’t mean it works out. https://t.co/RaMKQEpWsA
May 16, 2022, 12:05 a.m.
$BTC Perfect retest of support at the summer 2021 lows. Let’s hope it holds. https://t.co/ojwZvuAsOx
May 14, 2022, 5:13 p.m.
$BTC That daily candle close was almost as much as bulls could hope for. Encouraging. - Massive volume (yearly high) on a long legged doji with a massive wick = demand - Closed above support at 2021 low = bullish SFP - Bullish div confirmed 4-12 hour, potential on daily https://t.co/4s5ZcGpGe1
May 13, 2022, 12:05 a.m.
$BTC Weekly volume is the highest since June, 2021... AND IT IS ONLY WEDNESDAY! https://t.co/o7BEdF6hAX
May 11, 2022, 8:32 p.m.
$BTC Still 3 hours left in the daily candle and volume is eclipsing each of the past two days. Increasing volume still on the selloff. At least people are interested!? https://t.co/qarJGWdt5n
May 11, 2022, 8:27 p.m.
$BTC Close to testing the 2021 summer lows. The shit is hitting the proverbial fan. https://t.co/V33CnvdxOO
May 11, 2022, 7:45 p.m.
$BTC Sentiment is in the toilet. Hope is lost. People are giving up. Market is wildly oversold. And we now have potential (NOT CONFIRMED) bullish divergence in play on the 6 hour, with the 4, 12 and daily also likely to follow depending on candle closes. Bottom feels close. https://t.co/1iKb4QqyfU
May 11, 2022, 7:07 p.m.
I literally feel like puking but bought $AVAX $SOL $BTC $ETH and $EGLD in the past hour.
May 11, 2022, 1:22 p.m.
Feels like just hours ago I bought some $BTC at 33k.
May 9, 2022, 11:49 p.m.
$ETH / $BTC Insane daily candle for Ethereum on the Bitcoin pair. Tapped support, mega bounce and huge wick. Still holding 50 and 200 MAs. https://t.co/qwgZ3IoIpu
May 9, 2022, 11:27 p.m.
$BTC The last 4-hour candle was the highest in volume this year. The December dump last year was slightly higher, which put in a bottom for roughly a month. The key difference? That candle showed a massive wick and bounce. But this smells of capitulation for now. https://t.co/XfOyMOjSvF
May 9, 2022, 8:08 p.m.
$BTC - Daily RSI RSI ALWAYS makes the trip from overbought to oversold and back. RSI is currently touching oversold for the first time since hitting overbought in March. Not closed yet. It can go deeper and stay for a while... but eventually it will make the round trip again. https://t.co/2RGR2cL5ba
May 9, 2022, 12:55 p.m.
$BTC Bulls would sacrifice a unicorn alpaca with a platinum horn that births 1000 carat diamonds to the trading gods to see a daily close with an SFP like this. https://t.co/W0SVvTei2g
May 9, 2022, 12:51 p.m.
$BTC WEEKLY 6 red weekly candles in a row for the first time on Bitstamp. Earlier price action shows it happening once before. Increasing volume on decreasing price = true bear trend. Volume confirms price. Question is - capitulation volume or just getting started? https://t.co/Cxgfw937kp
May 8, 2022, 12:48 p.m.
$BTC That's dope. https://t.co/5zsmUQ5O9L
May 4, 2022, 9:10 p.m.
$ETH / $BTC Sitting on a golden cross. https://t.co/v51n7GgOl4
May 4, 2022, 8:28 a.m.
$BTC Peeking over the line, seeing what's out there. https://t.co/oqbg6kZLvr
May 4, 2022, 8:26 a.m.
$BTC Monthly Interesting. Each month (for now) has put in a higher low, with a clear flat top at ~$48,000. This looks like a potential ascending triangle. https://t.co/LRVlusDDgy
April 27, 2022, 12:22 p.m.
Monster issue of the FREE newsletter. - on-chain strength from @intotheblock - bullish divergence on $BTC and alts - $ATOM #BNB $EGLD $ETH $FTM $LTC $MATIC $SOL charts showing support bounces. - news and more Subscribe! Did I mention it is free? https://t.co/q6LGnfuyXd
April 27, 2022, 10:33 a.m.
$BTC 12-HOUR Divs playing out beautifully. Sunday dip last week with the same divergence on Monday. https://t.co/GZIgjcSNm3
April 25, 2022, 11:20 p.m.
$BTC - Daily Bollinger Bands Tapped that lower band (a make her dance) https://t.co/DlDgDju9NE
April 25, 2022, 1:01 p.m.
The FREE newsletter is out. - Value and price are not the same - NFTs not slowing down from @intotheblock - $BTC $AVAX $NFLX charts - News FREE. Sign up. https://t.co/3y0bPWIL3L
April 20, 2022, 10:01 a.m.
I write a free newsletter 5 days a week. Free. For everyone. You should subscribe. Today's was a banger. $BTC and $GMT both went nuts. https://t.co/hyFQaJDTZY
April 19, 2022, 12:16 a.m.
$BTC Nice channel. https://t.co/anAsj4Rvz1
April 18, 2022, 7:40 p.m.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.Who Are the Founders of Bitcoin?
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”
Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.
Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.Related Pages:
Looking for market and blockchain data for BTC? Visit our block explorer.
Want to buy Bitcoin? Use CoinMarketCap’s guide.
Want to keep track of Bitcoin prices live? Download the CoinMarketCap mobile app!
Want to convert Bitcoin price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.
Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations.
As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins.
Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin.
Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, we discuss how long it takes to mine one Bitcoin on CoinMarketCap Alexandria — as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. As of mid-September 2021, the Bitcoin mining reward is capped to 6.25 BTC after the 2020 halving, which is roughly $299,200 in Bitcoin price today.How Is the Bitcoin Network Secured?
Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.
The smallest units of Bitcoin, 0.00000001 BTC, are called Satoshis (or Sats in short), in a nod to the pseudonymous creator. At Bitcoin price now, 1 Satoshi is equivalent to roughly $0.00048.
The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold.Crypto Wallets
The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet.
Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium.
A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C.
A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients.
A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules.
Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic.
Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here.What Is Taproot?
Taproot is a soft fork that bundles together BIP 340, 341 and 342 and aims to improve the scalability, efficiency, and privacy of the blockchain by introducing several new features.
The two major changes are the introduction of the Merkelized Abstract Syntax Tree (MAST) and Schnorr Signature. MAST introduces a condition allowing the sender and recipient of a transaction to sign off on its settlement together. Schnorr Signature allows users to aggregate several signatures into one for a single transaction. This results in multi-signature transactions looking the same as regular transactions or more complex ones. By introducing this new address type, users can also save on transaction fees, as even complex transactions look like simple, single-signature ones.
Although HODLers will probably not notice a big impact, Taproot could become a key milestone to equipping the network with smart contract functionality. In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily. If adopted by users, Taproot could, in the long run, result in the network developing its own DeFi ecosystem that rivals those on alternative blockchains like Ethereum.What Is the Lightning Network?
The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain.How Much Is Bitcoin?
The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much Bitcoin is will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much Bitcoin is will be a function of a person’s location.Where Can You Buy Bitcoin (BTC)?
Bitcoin is, in many regards, almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange — both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:Binance Coinbase Pro OKEx Kraken Huobi Global Bitfinex
If you are new to crypto, use CoinMarketCap’s own educational portal — Alexandria — to learn how to start buying Bitcoin and other cryptocurrencies.
To check Bitcoin price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Bitcoin currency page.
Wild week in crypto ends as Bitcoin and stablecoin tumble PBS NewsHourFri, 13 May 2022 22:19:57 GMT
How a Trash-Talking Crypto Bro Caused a $40 Billion Crash The New York TimesWed, 18 May 2022 09:00:42 GMT
Crypto Crash: How Stable Are Stablecoins? | Cryptocurrency | US News U.S News & World Report MoneyTue, 17 May 2022 20:41:00 GMT
First Mover Americas: Bitcoin Retakes $30K as 'Institutional Adoption' Makes Crypto More Like Stocks CoinDeskWed, 18 May 2022 03:55:00 GMT
Wall Street Giant Issues Stark NFT Prediction After Huge $1 Trillion Bitcoin, Ethereum And Crypto Price Crash ForbesTue, 17 May 2022 23:15:57 GMT
Ethereum vs. Bitcoin: Which Crypto Is Better? NasdaqMon, 16 May 2022 16:35:30 GMT
The Great Crypto Grift May Be Unwinding The New YorkerTue, 17 May 2022 23:01:19 GMT
Bitcoin price falls below $30,000-mark | Check latest cryptocurrency prices India TodayWed, 18 May 2022 06:54:44 GMT
All Those Celebrities Pushing Crypto Are Not So Vocal Now The New York TimesTue, 17 May 2022 20:41:42 GMT
Cryptocurrency luna crashes to $0 as UST falls further from dollar peg CNBCFri, 13 May 2022 08:12:37 GMT