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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 Is Benefiting From Crypto’s Flight to Quality: Matrixport
Investors are shifting into the cryptocurrency from stablecoins and more volatile cryptocurrencies, a report from the firm said.
Bitcoin Breakout Puts $28K in View
The cryptocurrency's swift move above a resistance level dating back to August 2022 has strengthened the case for a continued rally.
Crypto Twitter Thinks the Fed's $297B Balance Sheet Expansion Is 'QE', but It's Not
According to some observers, the latest expansion in the central bank's balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.
First Mover Asia: Asia Pushes Bitcoin Past $25K
ALSO: The Shibarium community is debating whether a chain using the same chain ID number 917 as the Rinia Testnet amounts to plagiarism or an open-source code that has been recycled.
Bitcoin, Ether Shrug Off U.S. Jobs Data
The two largest cryptocurrencies by market capitalization also recently appear to have decoupled from equity indexes.
Bitcoin Holds Steady Above $24.5K as European Banking Crisis Eases
BTC has remained in a range between $24,200 and $25,200 over the past 24 hours. Investors are hoping the Federal Reserve relaxes its recent monetary hawkishness.
First Mover Americas: Investors Pull Coins From Bitcoin Funds
The latest price moves in crypto markets in context for March 16, 2023.
Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows
Wealth management industry globally is very light in both bitcoin and gold, one observer said.
First Mover Asia: Bitcoin Dips Below $25K as Market Worries About Liquidity
ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.
Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors
BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark.
