Bitcoin traded sideways at around $46,000 on Monday and is down about 8% over the past week.. On Jan. 3, 2009, Satoshi Nakamoto mined the first block, the Genesis Block, which marked the beginning of the Bitcoin blockchain.could encourage short-term buying activity. Still, long-term momentum has slowed, which could point to low or negative crypto returns this month.have increased recently, signaling a bearish shift in investor sentiment similar to the one seen before the price crash last May.
refers to the amount of computational power used by miners dedicated to the minting of new bitcoins and verification of new transactions on the Bitcoin network.
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