Sunday, September 8, 2024

The Bitcoin Network

ThePioneer

Launched in January 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin is the world’s first cryptocurrency and remains the most well-known and valuable. Born out of the desire for a decentralised financial system, Bitcoin operates on a peer-to-peer network, allowing users to transfer value without intermediaries. Its underlying technology, blockchain, ensures secure and transparent transactions by recording them in a public ledger. Bitcoin’s capped supply of 21 million coins and its deflationary nature make it a compelling asset in an era of inflationary fiat currencies. Over the years, Bitcoin has evolved from a niche digital experiment to a mainstream investment and a potential hedge against economic instability. Its role as 'digital gold' reflects its growing acceptance and the belief in its long-term value retention.

Bitcoin News

Bitcoin Surges and Tech Stocks Poised for Impact

Bitcoin has surged to over $64,000 this week, driven by Federal Reserve signals on potential interest rate cuts. As the tech sector braces for Nvidia's crucial earnings report, which is expected to bolster tech stocks, Bitcoin’s performance may be closely linked to these developments. With the possibility of a rate cut and shifting economic factors, the coming weeks could be pivotal for both Bitcoin and the broader market.

Bitcoin Breaks Through $69k to Set New All-Time High, Followed by Sharp Pullback

Bitcoin momentarily climbed past its previous record high to reach over $69,000 at around 3 PM UTC on Tuesday, surpassing the previous peak of $68,990.90 recorded in November 2021.

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