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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 Jumps, Then Dumps to $45K as Fake News About Spot Bitcoin Approval Liquidates $50M
The immediate price reaction showed that bitcoin's price might be capped if a real approval arrives, one analyst noted.
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
Bitcoin futures' open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."
Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves: Standard Chartered
Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter.
Bitcoin ETF Fever Drives Ethereum to 32-Month Low Versus BTC
Ether has lost 43% of its value against bitcoin since Sept. 7.
First Mover Americas: Bitcoin Holds Above $46K Amid ETF Anticipation
The latest price moves in crypto markets in context for Jan. 9, 2024.
'Grayscale Discount' Sinks to Lowest in 18 Months on Bets for GBTC Conversion to Bitcoin ETF
Data shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
Jim Cramer Now Says Bitcoin Is 'Topping Out'
Cramer’s picks have the tendency to move in the opposite direction he touts.
Bitcoin Decouples From Nasdaq Amid ETF Speculation
The 40-day correlation between the two has declined to zero.
