Bitcoin is the world’s first and most valuable digital currency; it was created in 2008 and came into use in 2009. It is open-source software that is not under the control of any central bank or government. The technology behind bitcoin and other cryptocurrencies is called Blockchain technology. Blockchain involves a public ledger that records…
A price decline in Bitcoin among other cryptocurrencies, including Ethereum (ether), and dogecoin, resulted in those currencies falling from above $52,000 to below $44,000. Cardano (ADA), Solana, as well as other altcoins that recently hit record highs were also impacted by bitcoin’s crash on Wednesday, and the global crypto market fell nearly 15 percent to…
Effect of Bitcoin’s rally on the crypto market The rise of Bitcoin toward new highs is causing legacy altcoins, such as LTC, BCH, and XLM to break out. Founded in 2009, Bitcoin (BTC) is the undisputed market leader of the cryptocurrency market, and to date, it remains the industry’s dominant force. A perfect example of…