As of Thursday morning, $BTC traded above $26,300, briefly having surpassed the $26,800 mark the prior evening. Despite the bullish momentum, the cryptocurrency still shows a 2.87% decline on a weekly basis. Similarly, $ETH approached a high of $1,631.91 before settling around the $1,600 resistance level.
See the live Bitcoin price UK. Buy Bitcoin in the UK or add it to your Crypto Strategy.
BTC GBP price chart / performance
From
Sep 22, 2023
To
Sep 29, 2023
Returns
Return (24h)
+1.34%
Return (7D)
+1.45%
Return (1M)
+6.29%
Return (1Y)
+22.43%
My Investment
Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:
Bitcoin (BTC) Overview
Bitcoin is the first and most popular cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority. Bitcoin refers to the Bitcoin software protocol as well as to the monetary unit, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside of the traditional financial system. You can buy and sell BTC for other cryptocurrencies alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.
Bitcoin was launched in 2009 by a mysterious person (or group of people) known as Satoshi Nakamoto. What sets Bitcoin apart is that it's completely decentralized, meaning no single entity controls it. Instead, it's maintained by a network of computers, known as miners, who validate transactions.
You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." Owning and sending Bitcoin is fairly straightforward. You keep them in a digital wallet and can send fractions of a Bitcoin to pay for stuff. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.
All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They solve complex math problems to validate transactions and are rewarded with new bitcoins for their efforts.
Key Points to Remember
- Bitcoin was the first big player in the cryptocurrency game, and it's still the largest by market value.
- Unlike traditional money, Bitcoin exists on a decentralized network called a blockchain.
- Miners keep the network secure and are rewarded with new bitcoins for their efforts.
- Its value has had a roller-coaster ride, experiencing dramatic ups and downs over the years.
- Because of Bitcoin's success, countless other cryptocurrencies have sprung up.
- You can buy Bitcoin on several cryptocurrency exchanges.
Posts
Here you can read and comment on all posts made by Strategists about Bitcoin BTC. See all Bitcoin price predictions in real time and make the best use of their crypto knowledge.
Stable WCI
18h ago
Since new year $BTC did around 60%, while our fund managed to do 54%. But what you have to know is that at the beginning of the year, $BTC dominance was at 39%, while now sits at 50%. Meaning we managed to do well even when alts were bleeding. Special thanks to $RUNE and $LINK 🔥
$BTC dominance will drop eventually and we can expect alt run then. Till then we have to preserve our capital. 🚀
2 people like this
Diversitas
21h ago
1/5
Morning update:
Yesterday, Bitcoin attempted to break out but got rejected at our trackline and closed the daily candle just slightly above its start. Price-wise, we could say that it was another uneventful day😴$BTC
7 people like this
Schillebeeckx Strategy
27 Sep, 2023
$LINK 's relative strength is impressive. We are happy with our position and will not sell our link any time soon. This could be a big winner in the next bullmarket.
We don't buy the alt-blood in $ARB $SOL and $XRP yet. We wait for a confirmation that they stop bleeding in $BTC value and the tide is turning. This will probably happen after a $BTC bullrun.
4 people like this
Diversitas
27 Sep, 2023
3/4
The fact that Bitcoin price did not move is even more impressive taking into account the fact that the SEC delayed the decision on 2 ETFs (Ark and 21Shares).
Or is it due to the fact that four members of US Congress urged SEC Chair Gary Gensler to promptly approve spot $BTC ETF🤷♂️ $BTC
17 people like this
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