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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: BTC Tops $61K, But Traders Remain Cautious
The latest price moves in crypto markets in context for Aug. 14, 2024.
Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant
Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months.
Bitcoin Crosses $61K as Traders Remain Cautious Ahead of U.S. CPI, Further Unwinding of Yen Carry Trade
BTC beat the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration.
Goldman Sachs Holds Over $400M in Bitcoin ETFs
The investment bank says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.
Trump Election Win May Be Bullish for Cryptocurrency Markets, Bernstein Says
Market sentiment suggests that a Trump election victory would be bullish for crypto and a Harris win would be bearish, the report said.
Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham
Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.
First Mover Americas: BTC Muted After Crypto Goes Unmentioned in Musk-Trump Interview
The latest price moves in crypto markets in context for Aug. 13 2024.
Bitcoin More Likely to Fall by $5K Than Rise by Same Amount: Analyst
The BTC market shows signs of seller dominance, FxPro's analyst said.
