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What is Bitcoin? Is it legal? Is it a scam?
Bitcoin is a virtual currency based on blockchain technology, proposed by Satoshi Nakamoto in 2008 and officially launched in 2009. The legality of Bitcoin varies from country to country. Some countries recognize Bitcoin's legal status, while others have reservations or even ban it. Bitcoin itself is not a scam.
AVAX, POLS, and ICP rose against the trend, while the gains of BTC and ETH stalledThe Bitcoin (BTC) rally appears to be stalling. There was a maximum drop of 3% yesterday evening. Although it rose slightly to above US$42,000 later, it fell again to US$41,605 this morning. It was trading at US$42,136 at the time of writing, down 1.7% in the past 24 hours. Coindesk pointed out that if BTC closes below $43,800 this week, it will mean that the eight consecutive weeks of rising momentum will come to an end for the first time since 2017. The reason why Bitcoin prices are stagnant may be because a large number of investors are taking profits. According to analysis by IntoTheBlock, net Bitcoin inflows into exchanges reached $860 million this week, the highest level since March. Typically, assets flow into exchanges
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