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



Markets

First Mover Americas: Bitcoin Regains $40K

The latest price moves in crypto markets in context for Jan. 24, 2024.

BTC FMA Jan. 24 (CoinDesk)

Markets

Fed Rate Cut Hopes Run Into Inflationary Red Sea Crisis

Disruptions to commercial shipping traffic via the Red Sea/Suez Canal route threaten to push up prices. That's an unwelcome development for bitcoin bulls.

Sea (ajs1980518/Pixabay)

Markets

Crypto Whales Hunt for Bargains As Bitcoin Prices Slide, Data Shows

Bitcoin traded at a fat premium on Bitfinex compared to the global average price over the weekend, hinting at bargain hunting by whales.

Whales feeding (Shutterstock)

Markets

First Mover Americas: Bitcoin Slips Below $39K

The latest price moves in crypto markets in context for Jan. 23, 2024.

Bitcoin price FMA, Jan. 23, 2024 (CoinDesk)

Markets

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%.

Downgrade spiral staricase going down downwards (Unsplash)

Markets

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.

(Hans-Jurgen Mager/Unsplash)

Markets

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.

(Pezibear/Pixabay)

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