Bitcoin – Rating, BTC Current Price, Marketcap

Bitcoin – Detailed information

The first cryptocurrency in the world, created by the Japanese programmer Satoshi Nakamoto in 2009, is at the top of the rating. Today it is the most popular virtual currency on the market and although its legal status may vary in different countries, bitcoin transactions are allowed in Japan, Canada, the USA, Singapore, some countries of Europe, Australia, etc. 

Transparency of the system, the inability to counterfeit the cryptocurrency and its complete decentralization have become undoubted advantages of the virtual currency, which allowed it to rapidly increase the number of users.

It’s the first and currently most popular decentralized digital currency, which was created in 2009. The technology behind it is blockchain, a public ledger payment technology which takes intermediaries (such as banks and other service providers) out of the financial equation. Bitcoin’s emission is not controlled by anybody, the currency issue occurs through “mining” – the work of powerful computer processors around the globe using a program for calculating mathematical algorithms. This decentralization, i.e. absence of controlling institution, makes bitcoin independent from state regulators, banking and finance institutions and that is both an advantage and a drawback for the coin.

As most financial regulators are still forming their position on this and other cryptocurrencies this year’s price rally has resulted in Wall Street gurus calling bitcoin a “fraud” and “bubble”. However, investors’ interest in bitcoin is seemingly unstoppable as more and more brokers and hedge funds are offering investment opportunities for crypto fans.

If you want to add bitcoin in your investment portfolio, there are plenty of options for you: mining, trading bitcoin on one of cryptocurrency exchanges, accepting payment for your services in bitcoin, trading cryptocurrency using CFDs and event getting paid in bitcoin.

Today the reputation of bitcoin has become so strong that it is now accepted by large retailers, including Amazon, Subway and even Victoria's Secret. The popularity of generating or "mining" of bitcoins is growing - users compete for a chance at verifying the next block of payments. The system is arranged so that participants run the algorithm on their computers, which must find the correct code - "hash". Miners who find the code receive a small amount of bitcoins as a reward. This process requires great processing power and energy costs, so if you still want to invest in bitcoins, you can buy this currency on one of the crypto-exchange exchanges.

Cryptocurrencies Trading Forecasts

20 May, 2020   FxProStruck in sideway or breaking down-trend?

Bitcoin has been forming a sideways price trend of around $9,700 over the last three days. This can be considered bad news for the first cryptocurrency, as for the...

19 May, 2020   FxProBitcoin: fighting to break the global downtrend

Bitcoin starts the week on a positive note, adding 3% in the last 24 hours and changes hands for $9,800. At the moment, the most crucial struggle for the first...

18 May, 2020   FIBO GroupBitcoin needs to break $10000 mark

Bitcoin's latest run towards the $10,000 mark will be watched closely by the market to see it it is finally able to break this key resistance level, something...

14 May, 2020   FxProBitcoin defies gravity

Bitcoin defies gravity, adding 7% in the last 24 hours to $9,500 at 09:00 GMT. Along with the price, the trading volume increased by 12%, which...

13 May, 2020   FxProBitcoin lost its driver

Bitcoin adds 2% in the last 24 hours to $8,900. Bulls tend to cling to $9,000, but the current growth comes with a 28% decline in trading volumes over the past 24 hours...

11 May, 2020   Grand CapitalBitcoin halving: what to expect? Will it drop the price?

On May 12th, mining the original cryptocurrency - bitcoin - will become twice less profitable. The previous two instances of halving led to a high volatility...

7 May, 2020   FIBO GroupHalving: Huge prediction for Bitcoin

Bitcoin has continued on its mega rally in today's trading session, comfortably passing through the $9000 mark which continues the remarkable recovery of the worlds favourite...

1 May, 2020   LibertexBitcoin & co., what are they ultimately for?

I am often asked if I have a favourable or unfavourable opinion regarding the world of cryptocurrencies. I answer them with a question: Do you know what Bitcoin is for?...

1 May, 2020   FxProBitcoin grows, knocking down obstacles one by one

Coronavirus has receded a little, clearing the room for other news events, among which is halving in the Bitcoin network. There are only 12 days left until...