# Bitcoin: Overview and Latest Information 🚀
## Basic Information about Bitcoin
**Bitcoin (BTC)** is the first and largest digital currency in the world, created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on blockchain technology - a distributed ledger that records all transactions without the need for any central authority to control.
### Key Features of Bitcoin:
- **Decentralized**: No central bank or government controls it
- **Supply Cap**: The total maximum supply is only 21 million Bitcoins
- **Mining**: Uses Proof of Work consensus mechanism
- **Security**: Uses cryptography to protect transactions
## Current Situation of Bitcoin
Bitcoin recently reached a new all-time high (ATH), demonstrating strong growth in the current market cycle. According to industry experts, there are many factors driving this price surge.
### Market Trends:
- Bitcoin is in a clear upward trend
- The number of active Bitcoin addresses has surpassed the yearly and monthly average
- Market sentiment is positive but not at an extreme FOMO (Fear Of Missing Out) level
### Macroeconomic Factors Influencing:
- Potential interest rate cuts in the US
- Global political and economic instability
- Institutional capital is gradually flowing into the crypto market
- Bitcoin ETFs approved in the US in early 2024
## Development of the Bitcoin Ecosystem
The Bitcoin ecosystem is continuously evolving with many improvements and new applications:
### Layer-2 and Scaling Solutions:
- **Lightning Network**: Layer 2 solution for faster transactions and lower fees
- **Bitcoin Hyper**: Integrating Solana Virtual Machine to support smart contracts and Web3 applications
- **Ordinals and BRC-20**: Allow creation of NFTs and tokens on the Bitcoin blockchain
### New Applications:
- **RWA (Real World Assets)**: Real assets brought onto the Bitcoin blockchain
- **DeFi on Bitcoin**: Decentralized financial applications are being developed
## Expert Opinions
Many industry experts have a positive outlook on the future of Bitcoin:
- **CZ** (former CEO of Binance) states that Bitcoin's ATH of $120k is still too low compared to its future potential
- **HORSE** believes this is still a cycle led by Bitcoin, possibly transitioning to the stage of "crossing into TradFi"
- **DonAlt** comments that Bitcoin is experiencing a clear breakout to a new ATH
## Market Signals
According to the **Delphi BTC Top signal** index followed by many traders:
- The current index is 62 (on a scale of 100)
- Market top conditions often begin when the index exceeds 75
- This is a composite index from on-chain, technical, sentiment, and macro data
## Comparison with Other Coins
While Bitcoin has reached a new ATH, many altcoins have not yet reached their previous highs:
- ETH is still down 37% from its ATH three years ago
- SOL is down 42% from its ATH
This indicates the growth potential of altcoins in the next phase of the market cycle.
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Bitcoin continues to assert its position as the king of cryptocurrencies with strong growth in both value and ecosystem. With increasing participation from institutions and many new applications, Bitcoin is gradually becoming a part of the global financial system.
The information above has been searched and compiled by AI; it does not constitute investment advice.