Blog of Erin Dougan
Bitcoin
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Stormy Crypto May
The cryptocurrency market suffered a setback earlier this month, with Bitcoin falling more than 20% from a $73,750 high in March to $56,700 on May 1. This sparked a sharp selloff in altcoins, with dips of up to 40% recorded in the 24-hour timeframe. Ethereum, the largest altcoin, fell by more than 15% from its yearly highs and slipped below the critical $3,000 level.
While some analysts assured that shakeouts like this are normal during a bull run, others raised concerns about increased volatility and downside risks. The market has since made a recovery, with Bitcoin trading above $63,600 at the time of press (May 6) and Ethereum hovering above $3100. -
Epic Satoshi or a Block for $1 Million
On April 19, 2024, the highly anticipated fourth Bitcoin halving event transpired, marking a significant milestone in the evolution of the world’s premier cryptocurrency.
However, this halving carried an extra layer of significance, as it coincided with mining an “epic satoshi,” a rare and highly coveted digital asset that has ignited a frenzy among miners, investors, and enthusiasts alike. -
The Most Important Crypto Events of April
After a record-breaking March, the crypto industry is gearing up for an action-packed April. From highly anticipated events to high-profile legal battles, this month promises to be pivotal for the digital assets ecosystem. Here are six of the most anticipated events in the crypto world for April.
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History is Being Made Now
In recent weeks, Bitcoin (BTC) has achieved a series of milestones, propelling it further into the mainstream and sparking conversations about its future trajectory. Bitcoin now ranks among the top ten most valuable assets, with a market capitalization of $1.3 trillion.
January 11, 2024, marked a historical day for Bitcoin when the United States Securities and Exchange Commission (SEC) approved the country’s first spot Bitcoin exchange-traded funds. This meant that retail investors could now invest in Bitcoin without having to worry about buying or storage methods. -
The Origins of Crypto. Who is Behind the Founding of Bitcoin?
Cryptocurrencies like Bitcoin have become very popular over the last 10 years. But not everyone knows how this new technology started. It began in 2008 when a paper was published online. The paper introduced the idea of Bitcoin. It explained things like how Bitcoin works. The person or group of people who wrote the paper used the alias Satoshi Nakamoto. No one knows who they are. Their true identity remains a mystery today.
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