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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 Under $39K as ETF Debut Continues to Be a ‘Sell-the-News’ Event
BTC was down nearly 5% in the past 24 hours, reaching its lowest level in two months. The CoinDesk 20, a liquid index of the highest tokens by market capitalization, fell 7%.
Bitcoin Indicator, Which Signaled Late 2023 Rally, Is About to Flash Bearish Signal
The Guppy Multiple Moving Average indicator is about to flash a red signal, indicating a strengthening of downward momentum.
Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K
Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.
Bottom Fishing in Bitcoin? Here Are the Key Signs To Watch for
Savvy traders are looking for signs of capitulation in the spot and perpetual futures market, and renewed demand for calls when calling market bottom and trend reversal higher.
Bitcoin Unphased by China's Stimulus Plan
Hong Kong's Hang Seng Index and the CSI 300 both responded to Beijing's plan to reboot China's domestic stock market, but bitcoin remains in the red.
Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million.
Bitcoin Slides Below $40K, Now Down Nearly 20% From Post-ETF Euphoria
Analysts at 10x Research are eyeing the $38,000 level for a potential bottom.
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
