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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
First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms
The latest price moves in crypto markets in context for July 3, 2024.
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
Bitcoin Sinks Under $61K as One Trader Sticks to $150K Prediction This Year
U.S.-listed ETFs ended a five-day inflow streak with $13 million in net outflows on Tuesday, while concerns of the Mt. Gox distribution may have contributed to a sell-off.
Investors Added Money to Bitcoin ETFs Even as Prices Slipped 7% in June
BlackRock's iShares Bitcoin Trust continued to lead as the largest of the funds.
Bitcoin's Retreat From $70K Characterized by 'Vol Lethargy'
Deribit's BTC DVOL index, a measure of volatility expectations, has slipped to its lowest since early February.
First Mover Americas: Bitcoin Bulls Hopeful Entering July as ETFs Record $130M Inflows
The latest price moves in crypto markets in context for July 2, 2024.
Bitcoin's Bottom in Price Could Be Near or Already In, the Coinbase Premium Index Suggests
Previous deeply negative readings occurred near local bottoms in price, with the most recent occurring just prior to BTC's rally between October and March to all-time highs, FalconX's David Lawant noted.
Crypto Spot ETFs Will Have More Influence on Market's Price Action: Canaccord
Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.
First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles
The latest price moves in crypto markets in context for July 1, 2024.
