RATE Group | Bitcoin Today: Price Rally Loses Momentum as Bid to $10,000 Falters
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Bitcoin Today: Price Rally Loses Momentum as Bid to $10,000 Falters

27 Apr Bitcoin Today: Price Rally Loses Momentum as Bid to $10,000 Falters

Posted at 01:17h in Bitcoin News by

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Bitcoin prices moved slightly lower in Thursday trading as the No. 1 cryptocurrency by market value remained trapped below the $9,000 threshold. Prices had rallied as high as $9,745 a day earlier.

Here are the stories you can’t miss in cryptocurrency for Thursday, April 26.

17 Millionth Coin Mined

On Thursday morning, the 17 millionth bitcoin was mined. It was the first time the No. 1 cryptocurrency reached a million-coin mark since mid-2016, when the 16 millionth bitcoin was mined. Due to bitcoin’s current rules and blockchain setup, there are only 21 million bitcoins that can ever be created. Finite supply, capped at the 21 million level, was a central tenet to bitcoin creator Satoshi Nakamoto’s thesis. Mining bitcoin is an extremely energy-consuming process, and only about 1,800 bitcoins are mined on an average trading day. Because bitcoins are mined in blocks – with about 12.5 bitcoins per block – it’s unlikely the crypto world will know exactly who mined the 17 millionth…

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