Bitcoin:
The Bitcoin price is $59,907.66, a change of 1.88% over the past 24 hours as of 5:36 p.m. The recent price action in Bitcoin left the tokens market capitalization at $1.18T. So far this year, Bitcoin has a change of 39.85%. Bitcoin is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority.
The Bitcoin network (with an upper-case “B”) was launched in January 2009 by an anonymous computer programmer or group of programmers under the pseudonym “Satoshi Nakamoto.”
Bitcoin price:
Bitcoin’s price is renowned for being highly volatile, but despite that, it has become the top performing asset of any class (including stocks, commodities and bonds) over the past decade – climbing a staggering 9,000,000% between 2010 and 2020.
When the cryptocurrency was launched at the beginning of 2009, as Satoshi Nakamoto mined the bitcoin genesis block (the first-ever block on the Bitcoin blockchain), 50 BTC entered circulation at a price of $0.00.
Fifty bitcoin continued to enter circulation every block (created once every 10 minutes) until the first halving event took place in November 2012 (see below). Halvings refer to bitcoin’s issuance system, which was programmed into Bitcoin’s code by Satoshi Nakamoto. It essentially involves automatically halving the number of new BTC entering circulation every 210,000 blocks.
Future prediction:
According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 35.12% and reach $ 80,233 by June 2, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 48 (Neutral). Bitcoin recorded 16/30 (53%) green days with 4.88% price volatility over the last 30 days. Based on the Bitcoin forecast, it's now a bad time to buy
