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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
Australians More Likely to Invest in Spot Bitcoin ETFs After U.S. Approval: Study
The 5th edition of the Independent Reserve Cryptocurrency Index has revealed that 25% of Australians view Bitcoin more favourably after the spot Bitcoin ETF approval in January.
Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K
The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading service provider Greeks.Live.
Bitcoin Order Books Are Most Liquid Since October as Market Depth Nears $540M
Order book liquidity indicates how easy it is to buy and sell large quantities at stable prices.
Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares
Inflows accelerated last week, indicating increasing demand for the new spot-based exchange-traded funds, CoinShares head of research James Butterfill said.
First Mover Americas: All Eyes on Ether
The latest price moves in crypto markets in context for Feb. 19, 2024.
Ether's Fundamental Supply Outlook Better Than Bitcoin's, Analyst Says as ETH Tops $2.9K
Ether has rallied 16% in seven days, outperforming bitcoin's 8.5% rise.
2 Reasons Bitcoin Could Challenge Record High of $69K Before Halving
Data from past cycles entered around halvings and a key technical analysis tool suggest that the path of least resistance is higher.
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.
Bitcoin's Stall at $52K May Foreshadow Imminent Pullback Before Higher Prices: Swissblock
Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.
