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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 Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes
ALSO: Two prominent crypto executives suggest the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships.
Bitcoin Gains Early, Fades Late to Trade Below $25K
BTC had surged to a 9-month high above $26,500 after the latest inflation data before retreating.
Crypto Investors Are Left Guessing the Fed’s Next Move
The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.
First Mover Americas: Bitcoin Hits 9-Month High
The latest price moves in crypto markets in context for March 14, 2023.
Bitcoin Breaks $25K as U.S. Inflation Slowed to 6% in February
BTC rose to a nine-month high of $25,484 in the minutes following the inflation report and then extended those gains.
Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility
Traders seek options to hedge against market volatility as U.S. bank failures triggered sharp repricing of interest rate expectations.
Bitcoin Nears $25K as Interbank Funding Stress Indicator Surges to Highest Level Since COVID Crash
Banking sector stress strengthens the case for the Federal Reserve to pause its campaign of raising interest rates next week.
Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months
The largest cryptocurrency was trading at just over $24,700 during the Asian morning hours on Tuesday.
First Mover Asia: Bitcoin’s Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
ALSO: CoinDesk's Helene Braun writes that the current banking crisis won't doom banks that serve the digital asset industry.
Prices, Volume Spike on Mix of Regulators' Backstops and Lower Rate Expectations
Investors found comfort in banking and finance regulators’ interventions on behalf of depositors to Silicon Valley and Signature banks, and grew hopeful that the Federal Reserve would not boost interest rates at its next meeting.
