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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 Rebound Has Crypto Options Traders Anticipating $100K
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure
Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says
MicroStrategy shares are up 89% year-to-date but TD Cowen analyst Lance Vitanza believes the software firm could end the year “meaningfully higher.”
First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound
The latest price moves in crypto markets in context for May 6, 2024.
Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report noted.
U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
Interest rates and the dollar have both risen strongly in 2024 as expectations of a slowing in the economy and inflation have failed to pan out, but today's report suggests a possible change in trend.
First Mover Americas: Bitcoin Hovers Around $59K to End Week
The latest price moves in crypto markets in context for May 3, 2024.
