Bitcoin extends losses below $57,000 as institutions load of | Jalbani 909 on Binance Square

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Bitcoin extends losses below $57,000 as institutions load off BTC holdings and on-chain data signals negative outlookCRYPTOS | 09/05/2024 

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about Bitcoin (BTC): *Overview* - Bitcoin (BTC) is the world's first cryptocurrency. - Launched in 2009 by an anonymous individual/group under the pseudonym Satoshi Nakamoto. - Decentralized, peer-to-peer digital currency. *Key Features* - Total supply: 21 million. - Block time: 10 minutes. - Block reward: 6.25 BTC per block. - Halving: Every 4 years. *Market Data* - Current price: $60,976.34. - Market capitalization: $1.21 trillion. - 24-hour trading volume: $27.62 billion. - All-time high: $68,789.63 (Nov 10, 2021). *Security* - Blockchain technology ensures secure transactions. - Cryptographic algorithms: SHA-256. - Consensus mechanism: Proof-of-Work (PoW). *Wallets* - Software wallets (e.g., Electrum, MyEtherWallet). - Hardware wallets (e.g., Ledger, Trezor). - Paper wallets. *Use Cases* - Payments. - Investments. - Remittances. - Microtransactions. Would you like to know more about Bitcoin or is there something else I can assist you with?

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Here are today's top crypto - *1. Bitcoin (BTC)*: $60,976.34, with a market cap of $1.21 trillion and a 24-hour change of -2.10% ¹ - *2. Ethereum (ETH)*: $2,420.88, with a market cap of $295.60 billion and a 24-hour change of -1.15% ¹ - *3. Tether USD (USDT)*: $0.997, with a market cap of $119.50 billion and a 24-hour change of -0.11% ¹ - *4. BNB (BNB)*: $570.58, with a market cap of $84.82 billion and a 24-hour change of -2.18% ¹ - *5. Solana (SOL)*: $140.04, with a market cap of $65.73 billion and a 24-hour change of -2.23% ¹ - *6. USDC (USDC)*: $1.00, with a market cap of $34.85 billion and a 24-hour change of +0.20% ¹ - *7. XRP (XRP)*: $0.526, with a market cap of $29.79 billion and a 24-hour change of -1.12% ¹ - *8. Lido Staked Ether (stETH)*: $2,404.77, with a market cap of $22.94 billion and a 24-hour change of -1.59% ¹ - *9. Dogecoin (DOGE)*: $0.108, with a market cap of $15.74 billion and a 24-hour change of -1.22% ¹ - *10. TRON (TRX)*: $0.160, with a market cap of $14.28 billion and a 24-hour change of -0.26% ¹ $BTC $USDC $SOL

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You want to know about Bitcoin (BTC)!$BTC $ETH $BNB Bitcoin is the first decentralized digital currency, launched in 2009. Here's a comprehensive overview: *What is Bitcoin?* Bitcoin is a digital or virtual currency that uses cryptography for secure financial transactions. It's decentralized, meaning no government or institution controls it. *Key Features:* 1. Decentralized: Peer-to-peer transactions without intermediaries. 2. Limited supply: 21 million BTC maximum. 3. Fast transactions: Global, near-instant payments. 4. Security: Cryptographic encryption protects transactions. 5. Transparency: Public ledger (blockchain) records transactions. *How to Get Started:* 1. Educate yourself: Understand Bitcoin's basics. 2. Choose a wallet: Software (e.g., Electrum) or hardware (e.g., Ledger). 3. Buy BTC: Exchanges (e.g., Coinbase), ATMs, or local traders. 4. Store BTC: Secure your wallet and private keys. *Ways to Buy Bitcoin:* 1. Cryptocurrency exchanges (e.g., Coinbase, Binance). 2. Bitcoin ATMs. 3. LocalBitcoins (peer-to-peer). 4. Bitcoin brokers. *Bitcoin Trading:* 1. Exchange BTC for other cryptocurrencies. 2. Trade BTC for fiat currencies (e.g., USD). 3. Use BTC for goods and services. *Important Considerations:* 1. Volatility: Price fluctuations. 2. Security risks: Protect your wallet and private keys. 3. Regulatory uncertainty: Laws and regulations vary. *Additional Resources:* 1. (link unavailable) (official website). 2. Bitcoin Wiki. 3. Online forums (e.g., Reddit's r/Bitcoin). Want more information on Bitcoin or cryptocurrency trading?

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