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Sentiment

Key Events

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Bitcoin Halving Event (2020)

The Bitcoin halving event, which occurs approximately every four years, involves the reduction in the rewards given to Bitcoin miners for validating transactions. This mechanism is designed to control the supply of Bitcoin and maintain its scarcity over time, ultimately impacting its price and market dynamics.

Elon Musk Tweets (2021)

Elon Musk, the CEO of Tesla and SpaceX, has been known to influence cryptocurrency markets through his tweets. Musk's tweets about Bitcoin and other cryptocurrencies have sparked both positive and negative reactions, leading to significant price fluctuations.

Analyst Estimates

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0

%

Buy

76%

Hold

8%

Sell

16%

About Bitcoin
What is Bitcoin?
Bitcoin's price today is US$16,951.82, with a 24-hour trading volume of $19.14 B. BTC is +0.36% in the last 24 hours. It is currently -7.70% from its 7-day all-time high of $18,366.66, and 3.40% from its 7-day all-time low of $16,394.75. BTC has a circulating supply of 19.24 M BTC and a max supply of 21 M BTC.
Bitcoin is a decentralized digital currency, often referred to as cryptocurrency, that operates without the need for a central authority or intermediary. Introduced in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto, Bitcoin revolutionized the concept of money by enabling peer-to-peer transactions on a global scale. Built on blockchain technology, Bitcoin transactions are recorded on a public ledger maintained by a network of computers called nodes, ensuring transparency and security.

At its core, Bitcoin represents a shift towards a trustless financial system, where transactions are verified by network participants through a process called mining. The limited supply of 21 million bitcoins and the decentralized nature of its network contribute to Bitcoins value proposition as a store of value and a hedge against traditional financial systems.

Despite its volatile price history and regulatory challenges, Bitcoin has gained widespread adoption as a viable alternative to fiat currencies, sparking interest from investors, institutions, and technologists alike in its potential to reshape the future of finance.
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