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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
First Mover Americas: Bitcoin Could Drop in the Short Term
The latest price moves in crypto markets in context for Feb. 6, 2024.
Bitcoin ETFs Pose Risk for Coinbase Stock, Leverage Shares Says
COIN was one of the best-performing stocks in 2023, but has dropped by almost a third since the start of 2024.
Bitcoin Slips Towards $42K as Interest Rates Soar; Chainlink's LINK Defies Crypto Slump
Federal Reserve Chair Jerome Powell reiterated his hawkish stance on rate cuts in a Sunday interview, weighing on risk assets.
Bitcoin NFT Project Taproot Wizards Sells Out First Collection, Raking in $13M
All 3,000 of the "Quantum Cats" digital images were claimed by the end of Monday's public mint, selling for a fixed price of 0.1 BTC ($4,265) each – despite severe technical issues that had delayed the process by a full week.
Bitcoin: A New Regulatory Attack Vector
The Bitcoin miner survey launched by the U.S. Energy Information Administration is not an innocuous information-gathering exercise. And, it could end up hurting much more than just the crypto ecosystem.
Bitcoin To Reach $70K By Year End: Markus Thielen
The macro environment, monetary tailwinds, U.S. election cycle and increasing TradFi demand all point to higher prices.
Bitcoin ETFs See $700M Net Inflows as BlackRock, Fidelity Gains Offset GBTC Outflows: CoinShares
New U.S. bitcoin ETFs have amassed $7.7 billion in funds since debut, offsetting the $6 billion outflows from incumbents, according to CoinShares data.
First Mover Americas: First Mover: Bitcoin Hovers Over $43K, Chainlink Extends Rally
The latest price moves in crypto markets in context for Feb. 5, 2024.
