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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
Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market.
First Mover Americas: BTC Slides Ahead of Busy Data Week
The latest price moves in crypto markets in context for Aug. 12, 2024.
Ex-Bank of Japan Official Rules Out Another Rate Hike This Year
The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin.
Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week
Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.
First Mover Americas: Bitcoin Reclaims $62K, Bulls Revisit $100K Target
The latest price moves in crypto markets in context for Aug. 9, 2024.
Bitcoin Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.
