The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges.
He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics. According to data from Mempool.space, a downward difficulty adjustment of around 9% is projected within the next five days.
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- CoinGlass research shows bitcoin’s drop below $99,000 triggered forced selling across offshore derivatives platforms like Binance and Bybit.
- U.S. Federal Reserve chair Jerome Powell has committed to keep interest rates on hold, with some …
- The purchase brings the company’s total bitcoin holdings to 1,728 BTC, currently valued at around €155.8 million.
- Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J.
- A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade.
Momentum indicators – key moving averages – are once again aligned bullishly. The table above shows the price and ROI of BTCs today and previous years on the same date (Jun 24). The table above shows the number of days which BTCs closed above a certain price level.
Iran has reportedly threatened to block the Strait of Hormuz — a vital shipping lane that handles about 20% of global oil supply. JPMorgan warns that a full closure could drive oil prices as high as $130 per barrel. Bitcoin was trading just under $101,000, down just 1% over the past 24 hours, while ether has pared some losses, off 2.5% to around $2,200.
The bitcoin price has rocketed over the last year, with some predicting the bitcoin price will climb … The bitcoin price has climbed back over $100,000 per bitcoin, helped by U.S. president Donald Trump’s shock prediction of “massive” crypto investment. On-chain metrics suggest a balanced market with neither excessive profit-taking nor aggressive accumulation, while derivatives data indicates cautious sentiment with continued demand for downside protection. “We saw a lot of twitch trading in the hours after the US attacked Iranian nuclear targets, and right now trade volumes remain elevated,” Pav Hundal, lead analyst at Swyftx, told Decrypt. “If we start to see a softening in tensions in the middle east, we should start to see a rebound in investor confidence, and the price should start to grind back up.”
At its peak on Sunday, more than $1 billion in crypto positions were liquidated during a 24-hour span — with over 95% coming from long bets, underscoring just how overexposed the market was heading into the weekend. Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Powell has pointed to the expected increase in inflation as a result of Trump’s so-called Liberation Day of global trade tariffs as reason to take a “wait-and-see” approach to adjusting interest rates. He also said leading institutional investors Susquehanna, Jane Street, and Magnetar have committed capital, as have crypto firms Off the Chain Capital, Pantera, Coinfund, Parafi, Blockchain.com, and FalconX. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm.
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- In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy.
- Bowman said that the impact of tariffs on inflation may take longer and could be smaller than initially expected, adding that she would support lowering the interest rate next month, assuming inflation pressures remain contained.
- JPMorgan warns that a full closure could drive oil prices as high as $130 per barrel.
- Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption.
Learn more about CoinDesk’s approach to AI-generated content in our AI policy. “The Company confirms today the final conversion of all 1,000,000 OCA Tranche 1 by TOBAM, resulting in the issuance of 1,838,235 new ordinary shares of the Company, at a subscription price of €0.544 per share,” stated the press release. The acquisition was funded through the final completion of a €7.2 million capital increase, carried out via the Company’s wholly-owned Luxembourg subsidiary.
He highlighted the strategic use of debt by these firms, leveraging fiat debasement to accumulate Bitcoin. He also addressed prior skepticism stemming from the 2022 cycle failures (e.g., Celsius, BlockFi), but now views the current players as fundamentally sound. Historically, this phase precedes market peaks, though Root was careful not to offer timing guarantees, citing the potential for institutional influence to stretch out the cycle. According to Rational Root, the Bitcoin market is far from cycle exhaustion. One prominent macro research firm notes that such a spike could send U.S. inflation back toward 5% — a level not seen since March 2023, when the Fed was still actively raising rates.
Where Could Bitcoin Peak This Cycle?
While Bitcoin initially sold off during the height of the weekend headlines, traders returned as risk appetite increased. Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Recently, a crypto trader said that the best marketing for any asset is its price, highlighting an idea which is similar to legendary trader George Soros’ theory of reflexivity.
Unlike traditional bitcoin treasury companies, Pompliano said ProCap Financial would use its bitcoin balance sheet to generate revenue and profit through a variety of strategies, including lending, derivatives, and other products and services. The slide is good news for central banks fearing the second-order effects of the oil price spike seen late last week, and those expecting rate cuts. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption. Leaders also discussed the current debate surrounding the coal-to-crypto trend, particularly regarding the number of coal plants in New York and Pennsylvania that are in the process of being repurposed into mining farms. Surprisingly, the anti-crypto stance of the Chinese government has done little to stop the industry. According to data by the University of Cambridge, China is now the second-biggest contributor to Bitcoin’s global hash rate, only behind the United States.
August 9, 2024AIRDROPS: Margin trading, no liquidation
Powell is likely to reiterate the Fed’s independence and data-dependent stance while potentially being grilled by Republicans for keeping rates elevated. Liquidity easing, represented by Fed rate cuts and other measures, typically bodes well for stocks and cryptocurrencies. Some Fed officials are warming up to the idea of a potential rate cut in July, which contradicts Chairman Jerome Powell’s data-dependent stance.
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown.
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Victim reportedly pleaded guilty to fraud and money laundering conspiracy charges. “If you’re starting to worry about the downside risk to the labor market, move now, don’t wait,” Waller told CNBC. Market participants reacted swiftly to the dip, which pushed BTC near the bottom of its month-long trading range. Total holdings reach 1,728 BTC as YTD yield climbs to 1,231.7%, reinforcing its Bitcoin treasury strategy.
The purchase brings the company’s total bitcoin holdings to 1,728 BTC, currently valued at around €155.8 million. President Donald Trump has sought to overhaul cryptocurrency policy, including calls to establish a strategic bitcoin reserve, after courting cash from the industry on the campaign trail. MicroStrategy has by far the largest Bitcoin portfolio held by any publicly-traded company. The business analytics platform has adopted Bitcoin as its primary reserve asset, aggressively buying the cryptocurrency through 2021 and 2022.
In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily. If adopted by users, Taproot could, in the long run, result in the network developing its own DeFi ecosystem that rivals those on alternative blockchains like Ethereum. A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules. While institutional demand, passive flows, and corporate accumulation are reshaping behavior, the cycle’s emotional core remains familiar.
Soros explained that market perceptions and prices create a feedback loop – higher prices attract more buyers, which in turn drive prices higher, often far beyond what fundamentals suggest. Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. At bttc3s coin present, miners are heavily reliant on renewable energy sources, with estimates suggesting that Bitcoin’s use of renewable energy may span anywhere from 40-75%. However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.