Bitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.
Ordinals reached a new milestone of 350k new daily inscriptions on Monday this week.
It’s a positive sign for the cryptocurrency, as Bitcoin miners are no longer simply stockpiling their earnings
Institutional appetite for a spot Bitcoin ETF boosted confidence in the flagship token – BlackRock wants a piece of the action.
The positive price movement is being caused in part by filings for spot Bitcoin ETFs made by the likes of BlackRock.
The downturn was driven due to reason such as the SEC’s recent lawsuits, and fears that liquidity will become scarce.
Despite growing significantly since the start of the year, crypto’s total market cap is beginning to decline.
Bitcoin’s upcoming “halving”, where BTC miner rewards are reduced, is due to take place next year and will likely increase its price.
The price movements of Bitcoin and Ethereum are also becoming increasingly non-correlated.
The original digital asset appears to be cranky amid growing hopes of a US debt-ceiling deal.
The upgrade also seeks to enable DeFi applications on the fork of Bitcoin, and increase transaction speeds.
The price rally was caused in part by renewed concerns for the banking sector brought about by First Republic’s share price.
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