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Information about Bitcoin (BTC)
Bitcoin, the brainchild of the enigmatic Satoshi Nakamoto, revolutionized the financial landscape by introducing the world's first decentralized digital currency. Unlike traditional currencies controlled by central banks, Bitcoin operates on a peer-to-peer network, facilitating secure and transparent transactions directly between users.
Understanding Bitcoin's Core Concepts:
The Allure of Bitcoin:
Storing Your Bitcoin:
Bitcoin wallets function as virtual bank accounts for storing, sending, and receiving Bitcoin. These wallets can be installed on your computer or stored securely in the cloud.
Fascinating Facts about Bitcoin:
Frequently Asked Questions
News
On April 10, Bitcoin (BTC) saw a strong rebound after U.S. President Donald Trump approved a 90-day delay and significantly reduced retaliatory tariffs to 10% for over 75 countries — those that have proactively engaged in trade negotiations with the U.S. and have refrained from retaliatory measures.
However, he also announced an increase in tariffs on Chinese goods to 125%, citing China’s retaliatory actions against the U.S.
The total crypto market cap surged 8.37% following Trump’s statement, reflecting high market volatility amidst ongoing macroeconomic instability and escalating trade tensions.
Within just 24 hours, BTC surged by 8.92%, reaching a price of $82,201. Other altcoins also responded positively, with ETH rising by 15.25%, XRP by 13.56%, SOL by 12.81%, and DOGE by 11.93%.
Despite Bitcoin’s valuation dropping, the hashrate surged to a historic high of nearly 1 ZH/s as of April 8, 2025. However, the hashprice fell to 40 USD per PH/s and mining difficulty increased by 6.81%, straining miner profits.
Analyst Arthur Hayes predicts that the devaluation of the Chinese yuan could trigger greater demand for Bitcoin, connecting macroeconomic factors with potential market movements. With transaction fees low and miner rewards shrinking, his insights imply a significant shift in capital towards Bitcoin.
Bitcoin (BTC) is trading slightly above 76,000 USD amidst a concerning double death cross threat on its daily chart. The 23-day simple moving average has fallen below the 200-day average, leading to a possible second bearish crossover at the 50-day SMA.
Price attempts to recover to 84,000-86,000 USD have been met with heavy selling, indicating market resistance. If BTC slips below 74,000 USD, sentiment may shift toward bearish, raising concerns among traders.
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