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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 Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.

First Mover Asia: Bitcoin Recovers From Fed Dip
PLUS: The MadLads hype appears to be over, although it hasn't dragged down the price of Solana.

Bitcoin, Ether Decouple From Stocks: What's Next for Crypto After Fed Rate Hike?
The recent decoupling indicates the assets will trade on their own merits.

Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven
California-based PacWest Bancorp is weighing strategic options, according to Bloomberg.

Bitcoin Falls Slightly After Fed Rate Hike
BTC was down about 1% after the U.S. central bank boosted the federal funds rate by 25 basis points. Fed Chair Jerome Powell noted the central bank had omitted language signaling additional rate hikes at upcoming meetings.

Crypto’s Macro Drivers – It’s Not Just About Bitcoin
The macro outlook and why it matters for bitcoin and other crypto assets. An analysis by Noelle Acheson, CoinDesk’s former head of research.

Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause
This latest move comes as the U.S. central bank battles stubbornly high inflation while dealing with a string of high-profile bank failures.

First Mover Americas: Bitcoin Layer 2 Stacks Begins May on Top
The latest price moves in crypto markets in context for May 3, 2023.

Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
A short squeeze refers to a rally stemming from traders squaring off their bearish short positions.

Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
Bitcoin already has one of the most diverse layer 2 ecosystems of any network, but coming technology upgrades could lead to an acceleration in the blockchain's development, according to Blockstream's Lisa Neigut.
