The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin. Bitcoin trading volume Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Bitcoin volume today
Since February 2024, Bitcoin (BTC) has traded in a price range between $60,000 and $72,000, with two deviations. This has carved a mostly neutral momentum for the leading cryptocurrency, now seeing its trading and transaction volume fade away. Read more about SMA is the average of the closing USD price of an asset - Bitcoin over a given number of periods. The 200-day simple moving average (SMA) is one of the most-watched activities in the price charts. There are two basic signals in relation to the moving average:
How Much Money Do You Need to Move the Bitcoin Market?
Notably, the exchanged volume of futures contracts and other Bitcoin derivatives financial products has remained stable after peaking in March 2024. Bitcoin Liquidity Rebounds as Price Soars. Initially, Satoshi introduced Bitcoin for use as a digital, decentralized transaction currency. The world’s first Bitcoin transaction occurred in January 2009, when Satoshi sent 10 BTC to Hal Finney, a famous developer who downloaded the Bitcoin software on its release date. The use of Bitcoin as a currency increased steadily from 2009 to 2013. In 2010, the first commercial Bitcoin transaction took place when a programmer, Llaszlo Hanyencz, bought two Papa john's pizzas for 10,000 BTC. (In retrospect, of course, the irony of such a transaction is mind-boggling.) By the end of 2012, BitPay, a payment processor that lets merchants accept Bitcoin, had 1,000 registered merchants ready to use their service.
Bitcoin volume chart
The value shown for “shares” represents total number of bitcoins held by the iShares Bitcoin Trust. Bitcoin price BTC 2,458,133,556 TON
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