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

Bitcoin's Computing Power May Hit a Major Milestone Long Before Next Halving

Bitcoin's hashrate increased by approximately 50% in 2024, and it is currently on course to rise for the eighth consecutive time.

Bitcoin hash rate has surged in 2024 (Hashage)

Markets

Beware of Bitcoin's 'Shooting Star' at Record Highs: Godbole

The candlestick pattern shows sellers are looking to reassert themselves as hawkish Fed rate projections drive the DXY higher.

Bitcoin's shooting star candle signals a need for caution among the bulls. (gustavito1917/Pixabay)

Markets

BlackRock’s Bitcoin ETF Records Its Largest Outflow

BlackRock's IBIT started the new year on a rough note, losing millions in net outflows on Thursday.

(BlackRock)

Markets

Dollar's Post-Election Path Is Tracking Trump's First Presidential Term: Van Straten

The DXY index is up over 3% since the election and is following a trajectory similar to his first presidential term.

The U.S. Dollar (Shutterstock)

Markets

Tether's Market Value Sees Sharpest Decline Since FTX Crash as MiCA Kicks In

Tether's market cap has declined by over 1% this week, the steepest drop since the crash of FTX in November 2022.

Chart of USDT's market cap

Markets

XRP Rockets 11% as Bitcoin Starts New Year With Bullish Bang

South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week.

(MOSHED)

Markets

MicroStrategy's Bullish Call Skew Disappears in Cautious Market Sentiment

The record bullish skew in options on the company seen as a leveraged play on bitcoin has vanished as the BTC tailwind driven by the Treasury asset narrative loses momentum.

Mugs, cups, empty. (Nikiko/Pixabay)

CoinDesk Indices

Three Questions Reveal Your Ideal Bitcoin Allocation

How multi-asset investors can assess bitcoin's compatibility with their portfolios and identify the optimal allocation that aligns with their specific objectives. By Markus Thielen.

Pedestrians on sidewalk

Markets

MicroStrategy's Dismal December Still Keeps It at Top of 2024 Bitcoin-Tied Asset Rankings

The bitcoin-buying company outperformed many other crypto-linked traditional finance entities this year.

Ranking Assets for 2024 Performance (Shutterstock)

Markets

Ether Seen Outperforming Bitcoin in 2025, Steno Research Says

Ether could more than double in price next year and reach at least $8,000, the report said.

Race (CoinDesk archives)

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