In our “Bitcoin” section, we cover the latest news, developments, and trends related to the world’s first cryptocurrency. Here you will find information about the Bitcoin network, mining, market movements, and the factors influencing the BTC price. Read the “Bitcoin” section on ForkNews to stay updated on everything happening in the Bitcoin ecosystem.
This year, Bitcoin has surpassed PayPal in the value of processed transactions amounting to more than $1.3 trillion.
The clear dynamics of declining bearish positions on the futures market give hope for a new round of the bullish trend.
Bitcoin broke out of its week-long consolidation in dramatic fashion, receiving an unexpected boost following the planned shutdown of BitMex, a trading platform with a 40% market share of BTC trading.
Iran, following the example of North Korea, which began using Bitcoin during the economic crisis, is planning to do the same, given the difficult economic situation. Bitcoin is now more popular in the country than the national currency, the rial. In this regard, US State Department cybersecurity expert Morgan Wright believes that hackers will intensify Bitcoin extortion in the near future.
The US Securities and Exchange Commission (SEC) is set to review another pair of proposed ETFs from ProShares later this week.
Researchers at Northwestern University concluded that Bitcoin's low stability is directly related to its complete decentralization. The study points out that compromise is necessary to achieve general acceptance of Bitcoin.
In today's review, as always, we summarize the past week and analyze the overall price dynamics.
Hesitant attempts to break through resistance levels were unexpectedly successful. Will yesterday's achievements be further developed today?
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