Source: BTCUSD Chart by TradingView
Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. The creator, Satoshi Nakamoto, wrote the original white paper in November 2008 and the Bitcoin network came into existence in January of 2009.
Research: Bitcoin on-chain metrics suggest bottom is now in
Although on-chain Bitcoin metrics suggest the bottom is in, bottoms can take months to reflect a price reversal.
Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021
Renewable energy sources in BTC mining fell to 28.48% in 2021 from over 40% in 2020, causing greenhouse gas emissions to increase by 63%.
Bitcoin retakes $20,000 fueling speculation of bull market return
A 6% upside swing in the last 24 hours has renewed talk of the end of the bear market market, but on-chain metrics suggest otherwise, at least in the near term.
Research: How low can Bitcoin price go?
Former BitMEX CEO Arthur Hayes said traders in long positions on Bitcoin should be wary of the asset's value falling to $17,500.
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