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

U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut

The bitcoin price rose 1% just after the numbers hit, but remains lower by about 5% from one week ago.

The U.S. released January jobs numbers Friday morning (Ernie Journeys/Unsplash)

Markets

First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report

The latest price moves in crypto markets in context for Sept. 6, 2024.

BTC price, FMA Sept. 6 2024 (CoinDesk)

Markets

Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed

The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.

(Ri_Ya/Pixabay)

Markets

Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows

Bitcoin tumbled below the $56,000 level on Thursday before a modest bounce.

Bitcoin Price 9/5 (CoinDesk)

Markets

Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points

The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the easing cycle is up for debate.

Bitcoin falls despite coming rate cuts (Unsplash)

Finance

Crypto for Advisors: Bitcoin and Gold, Stores of Value

The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.

(Alex Shuper/Unsplash+)

Markets

First Mover Americas: BTC Erases Gains From Wednesday's Brief Rally

The latest price moves in crypto markets in context for Sept. 5, 2024.

BTC price, FMA Sept. 5 2024 (CoinDesk)

Markets

Bitcoin Retraces Below $57K as 'Sell-on-Rise' Action Continues

Crypto weakness may be a red flag for traditional risk assets, one analyst said.

BTC's price bounce. (CoinDesk).

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