$BTC BTC stands for Bitcoin, the first and most well-known cryptocurrency. It's a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority like a bank or government.
Here are a few quick facts:
Ticker symbol: BTC
Network: Bitcoin blockchain
Max supply: 21 million coins
Consensus mechanism: Proof of Work (PoW)
Use cases: Store of value, hedge against inflation, cross-border payments
Bitcoin’s price is influenced by factors like:
FOMC decisions (interest rates)
Inflation data
Market sentiment
Regulatory developments
Adoption trends
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