Fifteen years ago, mined the inaugural block in the Bitcoin blockchain, earning a reward of 50 . Embedded within that block was a message that resonates to this day: “Chancellor on brink of second bailout for banks.”
Little did the world know that this event would lay the foundation for a cryptocurrency market now valued in the trillions, with Bitcoin alone commanding an impressive $888 billion.
Source: Currently trading at $45,340, a level unseen since April 2022, Bitcoin’s festive green candles on the price chart signify an upward storm, in stark contrast to the downward trend of the past.
The crypto market is buzzing with excitement as Bitcoin’s dominance reaches heights not witnessed since April 2021, standing at an impressive 52.42%. Symbolically aligning with its 15th birthday, Bitcoin awaits a crucial decision on the , set to be unveiled in a week.
The unexpected turn of events sees major hedge fund giants like BlackRock (NYSE:BLK) vying to launch their ETFs on the main cryptocurrency, a development few could have foreseen in the early days of 2009 or even 2022.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
