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Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person



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Will U.S. Recession Woes Impact Price of Bitcoin?

Bitcoin is flirting with $24,000 amid rising inflation and recession concerns. CoinDesk markets reporter Helene Braun joins “All About Bitcoin” to explain how politicians are defining a recession in this current economic environment. Plus, a closer look at how the Federal Reserve is impacting the crypto market.

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Bitcoin Heads for Best Month Since October as Inflation Rises

Bitcoin is on track for its best month since October, as a busy week for U.S. economic news ends with a fresh inflation surprise. EToro Crypto Consultant Glen Goodman joins “First Mover” with his market analysis as annual PCE increases 6.8% in June.

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Bitcoin Approaches $24K as US GDP Fell 0.9% In Q2

Bitcoin (BTC) rallies near $24,000 as recession fears linger. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day and explains how bitcoin is reacting to rising inflation and recent moves from the Federal Reserve.

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Bitcoin Outlook as Yellen Says US Economy Not in Recession

Treasury Secretary Janet Yellen said the US economy is not in a recession, despite GDP falling 0.9% in the second quarter. Tactive Wealth Advisor Eddy Gifford reacts to Yellen's latest comments and shares his insights on whether the bitcoin rally is here to stay.

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El Salvador Defends Bitcoin Bet Despite 50% Loss on its Investment

El Salvador’s finance minister is doubling down on the country’s strategy to adopt bitcoin as a national currency, despite a 50% loss in its crypto investment, according to Bloomberg. London School of Economics Public Policy Fellow Frank Muci reacts to President Nayib Bukele's sovereign debt repurchase plan and shares his outlook on El Salvador's bitcoin bet.

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Bitcoin Flirts With $23K As U.S. GDP Falls Further in Q2

U.S. gross domestic product (GDP) declined at an annualized pace of 0.9% in the second quarter, following a 1.6% decline in the first three months of 2022. OKCoin chief operating officer Jason Lau joins "First Mover" to discuss his outlook on the crypto markets amid recession concerns and rising inflation.

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Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment

Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Spikes Above $22K as Fed Raises Rates by 75 Basis Points Again

Bitcoin (BTC) climbing above $22,000 Wednesday as the U.S. Federal Reserve announced a second consecutive 75 basis-point rate hike. Marketgauge Group Managing Director Michele Schneider and Bitwise Asset Management President Teddy Fusaro join "All About Bitcoin" to discuss what the decision means for the crypto markets.

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Bitcoin Above $21K Ahead of Key Fed Decision

Arca’s Director of Research Katie Talati discusses her outlook for bitcoin (BTC) as the largest cryptocurrency by market cap climbs above $21,000. She also weighs in on institutional traders’ mixed views about Tesla selling $936 million worth of bitcoin in the second quarter.

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