Fat Finger

One of the benefits of Bitcoin is the ease of sending it to anyone anywhere across the globe as long as the person has a Bitcoin address. While there is no intermediary like banks or agents, you have to pay a certain fee for every transaction.

Cryptocurrencies have increasingly gained popularity, with more and more people joining the crypto world. Bitcoin is the most widely used currency; taking up a large share of the digital currency market. Its value has skyrocketed since its inception, offering a great investment opportunity where many have reaped the benefits. However, Bitcoin is also volatile and has its risks.

The cryptocurrency market is characterized by high volatility that results in booms and busts. Since the introduction of cryptocurrencies, we have seen plenty of swings. The first of these booms was witnessed when Bitcoin rose from as low as $0.003 in 2009 to about $150 by 2013.

Bitcoin is a digital currency that operates independently of a third party. Bitcoin is a new kind of money that allows you to control your funds and spend them without having to trust anyone else.

Following the surge in Bitcoin and cryptocurrency interest in 2017, a lot of people began Bitcoin mining on phones. This surge in cryptocurrency interest eventually led to new restrictions being implemented from companies such as Google, Facebook, Apple, and others.

Bitcoin and other proof of work cryptocurrencies are decentralized, and therefore not powered by a centralized authority. Instead, they are powered by a network of minors using their computing power to validate transactions and keep the network secure.

While the cryptocurrency market is dominated by a few big currencies (BTC, ETH, Ripple,) there are thousands of other currencies, often after niche uses or simply lacking the huge publicity other currencies get.

Bitcoin could pass for the eighth wonder of the world judging by its legendary price spikes in the last two years. There is no way it cannot grab the attention of anyone interested in moneymaking.

In the last few weeks, Bitcoin price has been fluctuating between $6,250 and $8,250, after gaining massively from its December low of $3242. At the time of writing, the crypto giant is trading at $7,916 with a 24-hour volume of $24 billion. Meanwhile, BTC continues to dominate the cryptocurrency market, having reached its highest total market percentage since December 2017 when it went over 60%. Currently, its dominance stands at 56.3% with a market cap of $140.7 billion.

Bitcoin mining is less popular now than it was two years ago, and this can be traced to the long run of poor pricing. However, crypto enthusiasts have kept faith with the market and until now. The recent surge in bitcoin price coupled with some industry expectations that it will keep rising is a bright spot.