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

Markets

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

The firm now holds over 500 bitcoin after a first tranche of purchases in April.

By Shaurya MalwaOct 1, 2024

Markets

Cryptocurrencies Continue to Outperform the Stock Market: Canaccord

A potential bitcoin rally could start between now and April if the crypto follows historical patterns post halving, the report said.

By Will CannyOct 1, 2024

stepwise increasing stacks of coins pictured against a chart of rising price candles

Markets

Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines

The yen losses suggest the market is not worried about Ishiba's hawkish image and potential for faster BOJ rate hikes, offering positive cues to risk assets, including BTC.

By Omkar GodboleOct 1, 2024

Markets

Bitcoin Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election

Despite October being a historically strong month for crypto assets, options traders expect further downside over the next few weeks, with a rally coming post-election, Wintermute said.

By Krisztian SandorSep 30, 2024

Markets

Bitcoin Retail Activity Remains Low Despite Recent Rally

Big upticks in retail interest are commonly thought to be a topping indicator, so the current relative lack of involvement could hint at potential further price increases.

By James Van StratenSep 30, 2024

Markets

MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC

The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.

By Helene BraunSep 30, 2024