How much is the Bitcoin
How much is the Bitcoin
BITCOIN PRICE
1 بيتكوين يساوي
42,687.90 دولار أمريكي
Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto, Bitcoin is the largest cryptocurrency measured by market capitalization and amount of data stored on its blockchain. The Bitcoin software is free and available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. As Bitcoin matures, engineers have designed additional protocols to improve the speed and privacy of Bitcoin transactions, including the Omni Layer, Lightning Network and Liquid Network. Only approximately 21 million bitcoins will ever be created. New coins are minted every 10 minutes by bitcoin miners who help to maintain the network by adding new transaction data to the blockchain.
The Bitcoin price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
Bitcoin price slide continues
Bitcoin has now fallen below $43,000, with investors hoping there is solid resistance at $40,000.
The last time BTC fell this low was back in February, when a flash crash saw it plummet in price before soaring up above $60,000 just two weeks later.
Market analysts appear hopeful that a similar pattern can be followed by bitcoin, and alternative cryptos in general, despite the power demonstrated by Elon Musk to move the market so drastically with just a single comment. Here’s what one expert had to say:
Bitcoin‘s critics will once again pounce on the many colourful personalities that seek to connect themselves with the space. However, it is important to remember that bitcoin is much bigger than the celebrities of today or indeed the makers and shakers in the space. Bitcoin and decentralized ledger technologies represent a quantum leap forward.
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The crypto market is recovering after a tough few days that have seen vast amounts of money wiped from its value.
The dramatic drops came after Elon Musk pulled Tesla’s support for bitcoin, on environmental grounds, bringing fresh attention to crypto’s relationship with climate change.
Prices then dropped further when Mr Musk appeared to hint that Tesla had sold its large bitcoin holdings. He later outright denied it – but the price had already dropped, and failed to recover.
The value of bitcoin and other currencies recovered slightly on Tuesday morning, though far from enough to neutralise those heavy losses.
Bitcoin, for example, is up 1 per cent over the last 24 hours, but still down almost 20 per cent over the last week. Similar changes were seen across the market, which was up 1.92 per cent over the last day, according to CoinMarketCap.
The founder of Ethereum and Cardano has explained in 11 not-so-simple steps how dogecoin can be scaled up and improved in order to become a mainstream form of currency.
Charles Hoskinson posted an eight minute video addressed to Elon Musk, laying out his ideas for fulfilling the Tesla CEO’s vision of dogecoin becoming the “currency of Earth”.
Upgrades include protocols that would speed up transaction times while reducing fees and energy consumption. Dogecoin creator Billy Markus has already responded to the video, thanking Hoskinson for his suggestions.
dogecoin
Ethereum co-founder Charles Hoskinson has offered advice to Elon Musk on how to radically upgrade the cryptocurrency dogecoin in order for it to become “the currency of Earth”.
The Tesla boss and self-appointed Dogefather claimed this week that “low fees and high volume” are needed for dogecoin to ever make sense as a mainstream form of currency.
“Ideally, Doge speeds up block time 10X, increases block size 10X and drops fee 100X,” Mr Musk tweeted this week. “Then it wins hands down.”
Elon Musk impersonators have swindled over $2 million from cryptocurrency scams over the past six months, according to data from the FTC.
People have been pretending to be the Tesla chief executive for years, in an attempt to steal bitcoin from them. But the number is rapidly increasing, the data shows.
A lot has been said about Cardano (or, more specifically, the Ada cryptocurrency that runs on the platform) recently. Even more was said about it last week, when it defied the gloomy crypto market to continue to do well.
Since Elon Musk’s announcement last week that Tesla would no longer be accepting bitcoin payments due to environmental concerns, only one major cryptocurrency has appeared immune to the market-wide downturn.
(CoinMarketCap)
Cardano’s Ada cryptocurrency actually climbed to a new all-time high in the aftermath of Musk’s tweet, reaching above $2 for the first time in its history to add to its already considerable price gains in 2021.
This could be down to Cardano’s green credentials, which its developers describe as the “most environmentally sustainable” crypto platform.
This, from yesterday, is worth bearing in mind whether considering what the latest fluctuations might actually mean for bitcoin and other cryptocurrencies: “when in doubt, zoom out”, analysts advise.
Everything depends on how much of a macro scale you’re looking at things on.
Bitcoin momentum
Bitcoin has rebounded slightly overnight, returning back above $45,000. Transaction volumes also remain high, and some analysts appear hopeful that the cryptocurrency still has upward momentum on its side.
The pseudonymous PlanB, whose stock-to-flow model maps bitcoin’s previous bull and bear markets, has compared the latest dip to similar patterns seen in 2013.
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