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

First Mover Americas: BoJ Comments Offer Relief to Crypto

The latest price moves in crypto markets in context for Aug. 7, 2024.

BTC price, FMA Aug. 7 2024 (CoinDesk)

Markets

Bitcoin's Impending 'Death Cross' May Trap Bears as Bank of Japan Eases Rate Concerns

The ominous-sounding technical price pattern could again trap bears on the wrong side of the market as the Bank of Japan plays down chance of a near-term interest rate hike.

Death Cross. (Unsplash)

News Analysis

Semler Scientific Studied MicroStrategy’s Success Before Adopting Bitcoin Strategy

Purchasing bitcoin for the company balance sheet came following “soul searching” about how to provide value to shareholders, Eric Semler told CoinDesk.

(Brock Wegner/Unsplash)

Markets

Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip

Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.

(Todd Cravens/Unsplash)

Markets

First Mover Americas: Crypto Rebounds From Monday's Chaos

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

BTC price, FMA Aug. 6 2024 (CoinDesk)

Markets

Bitcoin's Death Cross Is Looming Again

Indicators like the death cross are inherently lagging and offer limited predictive power.

Investors shouldn't let bitcoin's impending death cross put them under pressure. (bboellinger/Pixabay)

Markets

Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's Rout

Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session.

Price rising charts markets indices (Unsplash)

Markets

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

Bitcoin price on Aug 5 (CoinDesk)

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