Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without a central authority, using blockchain technology to ensure secure and transparent transactions. Often referred to as the first cryptocurrency, it was created in 2009 by an anonymous entity known as Satoshi Nakamoto. Bitcoin’s price is influenced by factors like supply and demand dynamics, market speculation, macroeconomic conditions, adoption rates, and its perception as a store of value or “digital gold.” Its price can represent market sentiment toward cryptocurrencies as a whole, broader risk appetite, or skepticism of traditional financial systems. As a highly volatile asset, Bitcoin is both an investment vehicle and a barometer for the evolving landscape of digital currencies.
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