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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
Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K
The lack of immediate catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.
Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins
As bitcoin's volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted.
Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
The company also revealed that it's running Bitcoin and Lightning network nodes.
First Mover Americas: Crypto Majors Subdued After Fed's Hawkish Stance
The latest price moves in crypto markets in context for June 17, 2024.
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.
Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly
Some $180 million of leveraged derivatives positions were liquidated across all crypto assets during the shake-out, CoinGlass data shows.
MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge
The company's shares rose nearly 2% in the early Friday session following yesterday's tumble.
