Index
Indicators
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
Samson Mow emphasizes the pressing need for the U.S. To support Bitcoin purchases this year. He believes current legislation favoring Bitcoin will soon lead to government buying, insisting that action is not merely a choice but a necessity.
Several financial experts, including Peter Schiff and Ray Dalio, present differing views on the economic landscape. Despite warnings of potential turmoil, they recognize the increasing relevance of Bitcoin in the context of global monetary strategies.
As of now, Bitcoin (BTC) is holding steady at 84,750 USD. Ongoing trade war discussions are causing difficulty in breaking a downward trend line, which could lead to further market volatility.
Investor sentiment is troubled by a significant outflow of nearly 800 million USD from Bitcoin ETFs. With global M2 money supply at record levels, Bitcoin traders remain wary of the evolving situation.
Bitcoin spot ETFs recorded substantial outflows of 713 million USD last week, indicative of a 314% rise from the prior week’s outflow of 172.69 million USD. Major contributors to these outflows include BlackRock’s IBIT and Grayscale’s GBTC.
The derivatives market displays diminishing open interest, reflecting trader caution, though funding rates suggest the prevalence of long positions. Nevertheless, a bearish sentiment lingered due to more put contracts than call contracts in the options market.
During NBC’s ‘Meet the Press,’ Ray Dalio expressed his worry about a crisis worse than a recession, stating the monetary order is “breaking down” like in the 1930s. He highlighted the unsustainable debt in the U.S. And China, advocating for investments in hard assets such as Bitcoin.
Dalio predicts a significant contraction of nearly 3% in the U.S. GDP for Q1 2025, indicating potential recession. Meanwhile, Mike Novogratz supports these views, noting a shared concern among macroeconomic thinkers, suggesting actions like interest rate cuts may be necessary.
People also own