Bitcoin News

Bitcoin (BTC) was invented by Satoshi Nakamoto in 2008. In the next year-2009, Nakamoto released BTC as open-source software. Since then, it has been the world’s most famous and largest digital currency. It is a peer-to-peer cryptocurrency that is decentralized in nature- that means it does not have any centralized server that can issue, or can be used for transactions or storing purposes. It rather uses a distributed network public database technology called- blockchain technology. It offers greater security, authenticity, and control through its proof-of-work structure, and electronic signature requiring process. BTC is created as a reward through the mining process. The mining of BTC is capped to 21 million coins, after which it undergoes BTC halving. Purchasing or selling of Bitcoin can be easily done through special Bitcoin exchanges or crypto ATMs.

As of now, the circulating supply of Bitcoin has reached 18,278,250 BTC. On the other hand, the latest Bitcoin news points that the market analysts predict the price of BTC to face a downtrend in 2020, which will pull down the BTC price and will make it hang around $ 8,000 mark. The latest BTC news revealed that the current market capitalization of BTC is $116,535,301,357. In the last 24 hours, there has been a positive upwards trend in Bitcoin with 16 percent, due to the overall spike in funds raised by cryptocurrencies. The cryptocurrency has been rallying at 21.6 percent at $6,375, Bitcoin, and the market traders are inclined to push it further to $7,200.