Satoshi Nakamoto launched Bitcoin 16 years ago, sparking cryptocurrency advancements

From Investing.com

January 3, 2025 09:00:26 AM:

On January 3, 2009, Bitcoin, the first and largest cryptocurrency, officially launched after the Genesis Block was mined by Satoshi Nakamoto, rewarding 50 BTC that can never be spent.

The Genesis Block included an iconic message referencing a headline in The Times, setting the stage for Bitcoin’s historic journey that inspired thousands of cryptocurrencies and blockchain projects.

Starting the year on a positive note, cryptocurrencies rallied with Bitcoin surging to $97,776 and altcoins like , , and gaining as investor confidence returned to the market. Bitcoin finished 2024 up more than 120%.

Despite some profit-taking by long-term investors and renewed uncertainty about the Federal Reserve’s interest rate decreases in 2025, the crypto market remains resilient and continues to shape the future of finance, technology, and governance.

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