Bitcoin prices have been on a tear lately, reaching new all-time highs seemingly every day. However, this meteoric rise has not been without its share of turbulence, and the latest correction has many investors wondering if the bitcoin bubble is about to burst. Despite this volatility, there are a number of reasons why the latest […]
What Is The Intrinsic Value Of Bitcoin
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
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Why Did Bitcoin Drop So Much
Bitcoin, the most valuable and well-known cryptocurrency, saw a significant price drop on Wednesday, February 6th. The currency fell from a value of $3,879 to a low of $3,432, a drop of over 10%. This was the biggest one-day drop in value for Bitcoin in over a year. So what caused this sudden price drop? […]
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