What is Bitcoin (BTC)? Bitcoin (BTC) is a digital currency that operates independently of any central authority or financial institution. It was created in 2009 by an unknown person using the name Satoshi Nakamoto and has since become the largest and most well-known cryptocurrency in the market. Its price is determined by supply and demand on various cryptocurrency exchanges. Price Volatility and Struggle to Consolidate Above $70,000 Recently, Bitcoin (BTC) has been experiencing a lot of price volatility, with its value fluctuating between highs and lows. This is partly due to its struggle to consolidate above the crucial $70,000 resistance line. Many investors and traders are closely watching this level as a break above it could signal a bullish trend for Bitcoin. Mt.Gox Exchange Collapse One of the factors contributing to the cautious sentiment towards Bitcoin (BTC) is the recent news of the collapsed Mt.Gox exchange processing payouts to its creditors. Mt.Gox was once ...
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