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What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto.It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to.

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BTC fell precipitously over the last week, establishing an intraday low near $58,500 on November 17. This comes after the original cryptocurrency notched its worst daily performance since September.

BTC/USD Analysis: Bitcoin Longs For a Support Near $51K – Bitcoin loses $10K in a week lasting downtrend since hitting a new all-time-high at $69000. Strong US Dollar was one of the.

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Bitcoin has initially tried to rally during the day on Thursday, but the $60,000 level could not hold as support.