Bitcoin

Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), the flagship <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a>, despite a volatile <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">crypto market</a> in 2022 with numerous ups and downs, continues to be an investor favorite in 2023.Indeed, the start of 2023 has brought a significant change in Bitcoin’s value, as now you can buy 42% fewer SATS (the smallest unit of Bitcoin) for one U.S. dollar than at the beginning of the year. At the start of 2023, investors could buy around 6042 satoshis for a dollar. However, as of today, March 30, the same dollar would only purchase roughly 3497,57 satoshis, according to <a href="https://crypto.com/price/satoshi" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold from Crypto.com.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/349b03d8763b4de9bd6e31abbf9e4e0b.jpg" />$1 to SATS. Source: Crypto.comNotably, satoshis are the smallest unit of Bitcoin, named after the pseudonymous creator of the cryptocurrency, <a href="https://finbold.com/guide/satoshi-nakamoto/" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a>. A satoshi is equivalent to 0.00000001 Bitcoin, meaning that 100 million satoshis are equal to one Bitcoin. The value of a Bitcoin is determined by the market demand, and with a limited supply of 21 million, the currency is highly valued by investors and traders.The drop in satoshis per dollar is not entirely surprising, given that Bitcoin has climbed over 70% since the start of the year, meaning <a href="https://finbold.com/guide/cryptocurrency-trading/#Uphold_%28best_for_trading_multiple_assets_with_one_account%29" rel="noopener noreferrer nofollow">crypto traders</a> have ‘less bang for their buck.’ Bitcoin was trading at $16,500 on January 1, compared with the current price, BTC is changing hands at around $28,730.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/800791125072489c9856845cb5bf5d1e.jpg" />YTD Bitcoin price chart. Source: FinboldNotably, Bitcoin’s price briefly climbed above $29,000 on March 30 as the flagship digital asset continues its push to reclaim the $30,000 psychological level. As things stand Bitcoin has a total market capitalization of $549 billion.<h2 id="header-0">Bitcoin rally</h2>Given that a U.S. interest rate pause could <a href="https://finbold.com/u-s-interest-rate-pause-could-kickstart-bitcoin-rally-in-may-charts-indicate/" rel="noopener noreferrer nofollow">kickstart a Bitcoin rally</a> in May, crypto traders could well get fewer satoshis for their dollar in the near future.However, if Chief Market Strategist at InTheMoneyStocks.com Gareth Soloway is to be <a href="https://finbold.com/pro-trader-says-bitcoin-to-dive-to-13k-before-major-rally-as-financial-crisis-2-0-unfolds/" rel="noopener noreferrer nofollow">believed</a>, Bitcoin could first plummet back to as low as $13,000 as the financial system becomes more stable before experiencing another rally.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

1 Bitcoin to USD: You can now buy 42% fewer satoshis for a dollar than at the start of 2023

목차

Finbold

2023년 3월 30일에 게재된 다른 기사

Warner Music Saves Web3 Jobs as Disney Cuts Metaverse Positions

Massachusetts Watchdog Investigating FRC Insider Stock Trades

Transfer Disclosure (2,500,000 WEMIX)

Microsoft to lay off a significant number of its Kenyan employees

Hong Kong Web3 Fund to Raise $100M, Will Back the City’s FinTech Ambitions

Binance Execs Accused of Concealing Exchange Ties to China

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!