Cryptocurrencies and Bitcoin
4 mins read
The most obvious kind of cryptocurrency is that which is used as a means of payment, a form of digital money. This was the original use case of cryptocurrencies and the one that is familiar to most. This began with the invention of Bitcoin but hundreds of other cryptocurrencies for payment, also known as currency coins or payment tokens, have since been created. There are many ways to group the various currency coins, the first and most obvious distinction is between the novel Bitcoin coin and everything else that came after.
9 mins read
Cryptocurrency is a digital currency which is secured by cryptography and built using decentralized blockchain technology. Computer code and technology are used to create an entirely virtual currency that enables people to transact with one another and store wealth.
4 mins read
On March 13, 2021, the price of Bitcoin once exceeded $61,000, setting a record high. The previous bull market occurred at the end of 2017, when Bitcoin broke through $19,000 for the first time. But the biggest difference between the bull market that started in late 2020 and 2017 is that the market has been strongly supported by traditional companies and institutions.