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 Tops $37K

The latest price moves in crypto markets in context for Nov. 9, 2023.

By Jamie Crawley, Omkar GodboleNov 9, 2023

Markets

Exploring The Two 'Overlooked' Bullish Tailwinds for Bitcoin

As the spot ETF narrative hogs the limelight, the U.S. Treasury's recent decision to slow the pace of bond sales and worsening economic and geopolitical issues silently support the bullish case in bitcoin.

By Omkar GodboleNov 9, 2023

A user tracks charts on an tablet with a keyboard and larger monitor in the background.

Markets

Bitcoin Call Skew Hints at Further Price Rise as Spot ETF Optimism Energizes BTC

The one-month call-put skew has risen above 10%, indicating a strongest bullish bias in 31 months.

By Omkar GodboleNov 9, 2023

Bitcoin one-month call-put skew (Amberdata)

Markets

Bitcoin Tops $37K for First Time Since May 2022 as Short Squeeze Bumps Prices Amid BTC ETF Optimism

Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.

By Shaurya MalwaNov 9, 2023

El estrangulamiento de posiciones cortas impulsó las ganancias en altcoins. (Bella H./Pixabat)

Markets

ARK Snaps Up $9.5M HOOD Shares Day After Robinhood Announces European Expansion

The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.

By Omkar GodboleNov 9, 2023

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Markets

Bitcoin Tops $36K as 'ETFs Not Yet Priced in'

Bitwise's CIO sees future upside to bitcoin's price as the world's largest digital asset has 30% this month.

By Sam ReynoldsNov 9, 2023

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Tech

Protocol Village: Fidelity Acknowledges Risk of Bug in Bitcoin's Code

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 2-8, with live updates throughout.

By Bradley KeounNov 8, 2023

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Markets

Bitcoin Breakout Toward $45K 'Imminent' Says Matrixport

Polygon's MATIC and Chainlink's LINK led altcoin gains Wednesday afternoon.

By Krisztian SandorNov 8, 2023

Finance

BTC Price Pushes Towards $36K Ahead of 2023's Last Approval Period for Bitcoin ETFs

Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10.

By Helene BraunNov 8, 2023

Chair Gary Gensler's U.S. Securities and Exchange Commission is weighing Hashdex's ETF application, which analysts suggest could have a leg up because of its novel approach. (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogue

Higher fees are also boosting bottom lines for the industry's beleaguered miners, 21Shares noted.

By Krisztian SandorNov 8, 2023

Number of Ordinals inscription on Bitcoin (21.co/Dune Analytics)

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