Bitcoin price crash confirmed? 5 key updates in the world of Bitcoin this week

Despite recent struggles to hold monthly support, Bitcoin price metrics are showing positive signs for bulls. The leading cryptocurrency has faced resistance at the $19,200 level, with analysts watching closely to see if it can break through. However, on-chain data suggests that long-term holders are accumulating more BTC, indicating confidence in future price appreciation. Additionally, the number of active Bitcoin addresses has reached a 2-year high, signaling increased usage and adoption. While short-term volatility may continue, these metrics provide optimism for investors looking for signs of a potential rally. Stay tuned as the cryptocurrency market continues to see developments in the coming weeks.

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The Defi FunFacts:

  • Bitcoin was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto.
  • The maximum supply of Bitcoin is capped at 21 million coins, making it a deflationary currency.
  • Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers known as miners.
  • Bitcoin’s price has been highly volatile since its inception, with rapid price increases and sharp declines being common.
  • Bitcoin is often referred to as "digital gold" due to its scarcity and store of value properties.
  • Several major companies now accept Bitcoin as a form of payment, including Microsoft, PayPal, and Overstock.com.
  • The first-ever Bitcoin transaction was made to purchase two pizzas for 10,000 BTC in 2010, which would now be worth millions of dollars.
  • Bitcoin has spawned a large ecosystem of cryptocurrencies, with thousands of alternative coins (altcoins) now in existence.

I don’t own the rights to this content & no infringement intended, CREDIT: The Original Source: cointelegraph.com

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