The pioneer of digital assets, Bitcoin, celebrates its 15th birthday today with a stunning green twist on its price chart, causing a stir among the cryptocurrency world. The mining of Bitcoin’s first block, referred to as the “genesis block,” was a turning point that altered the nature of digital assets and financial markets, which is why January 3rd has historical significance.
15 years ago, Satoshi Nakamoto received 50 BTC for mining the first block in the Bitcoin blockchain. That block had the following statement, which is still relevant today: “Chancellor on brink of second bailout for banks.”
The world had no idea that this incident would set the stage for a cryptocurrency industry that is currently valued in the billions, with Bitcoin alone fetching an astounding $888 billion.
Bitcoin’s 15 birthday lights up in green
In addition to reflecting on its history, Bitcoin is turning 15 today and grabbing headlines thanks to a sharp 0.9% increase in price since the start of the trading day.
The bright green candles on the price chart of Bitcoin, which is currently trading at $45,340—a level not seen since April 2022—indicate an upward storm as opposed to the previous negative trend.
With an astounding 52.42% market share, Bitcoin has reached levels of dominance not seen since April 2021, and the cryptocurrency industry is exploding with enthusiasm. In keeping with its symbolic 15th birthday, Bitcoin is awaiting an important ruling about the spot Bitcoin ETF, which is scheduled for release in a week.
Unexpectedly, big hedge fund behemoths like BlackRock are competing to introduce their exchange-traded funds (ETFs) on the primary cryptocurrency. Few could have predicted this scenario in the early months of 2009 or even 2022.
