History of bitcoin

The Bitcoin price is notable due to its extreme volatility and its role as a benchmark for the broader cryptocurrency market. Significant price movements can influence investor sentiment, regulatory discussions, and the valuation of other digital assets. Its finite supply of 21 million coins also contributes to its perception as a potential hedge against inflation, often compared to digital gold.

Recently, Bitcoin's price has been in the news as it faces challenges maintaining momentum amid market pressures. Analysts note struggles to recover from a deleveraging crisis, with reports highlighting substantial liquidations in the crypto market. Despite this, some financial institutions have published bullish long-term forecasts, projecting substantial price increases based on comparisons to traditional assets like gold, while others observe it holding steady as geopolitical developments influence sentiment.