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Bitcoin's Price Tops $42K for First Time in Over a Year The market has faced similar bear markets three times, each lasting longer than 20 months and resulting in declines of more than 70%. https://krg-token.com/ : What They Are and How to Trade Them After Nakamoto rolled out Bitcoin in 2009, he mined about 1.1 million Bitcoins and disappeared in 2010. He ceded the responsibility of development to Gavin Andresen, formerly known as Gavin Bell, who worked to see Bitcoin's decentralized vision realized. This meant that there was no central authority, server, storage or administrator. All the parties were peer-to-peer and the blockchain was distributed to all. The network existed merely to legitimize and confirm the transactions. The price of Bitcoin dropped with the new uncertainty surrounding these actions.&;