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



Videos

There’s an ‘Indecisiveness’ in the Marketplace: Analyst

Fairlead Strategies Founder and Managing Partner Katie Stockton joins "First Mover" to discuss the downtrend for bitcoin (BTC) since May 2022. Plus, her crypto outlook and insights on the "indecisiveness" in a bear market.

Recent Videos

Markets

Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure

Digital Currency Group, Grayscale's parent company, has come under increasing pressure to address a discount that had widened to nearly 50% towards the close of 2022.

Grayscale's new ad campaign can be seen in New York's Penn Station. (Nikhilesh De/CoinDesk)

Videos

Why Crypto Whales Are Staying on the Sidelines of the Bitcoin Market

Bitcoin (BTC) is trading steadily above $17,000 ahead of an expected hawkish speech by Federal Reserve President Jerome Powell. IDX Digital Assets CIO Ben McMillan joins "First Mover" to discuss the recent price actions and why crypto whales are staying on the sidelines of the bitcoin market despite a risk reset in traditional markets.

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Videos

Bitcoin Holds Above $17K Despite DCG Uncertainty

Bitcoin (BTC) is trading above $17,000 as investors are watching the uncertainty unfold with DCG and Genesis Trading. IDX Digital Assets CIO Ben McMillan provides his markets analysis, saying, "this is a very thinly traded market so it doesn't take a lot to move the price up."

Recent Videos

Markets

Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech

The Federal Reserve chairman is scheduled to speak at event hosted by Sweden's central bank.

Jerome Powell (Alex Wong/Getty Images)

Markets

Poor Bitcoin Market Liquidity Keeps Crypto Whales at Bay

Low liquidity means large buy and sell orders can significantly affect bitcoin's price.

La baja liquidez significa que las grandes órdenes pueden afectar significativamente los precios. (qimono/Pixabay)

Markets

First Mover Asia: Altcoin Short Squeeze Brings Green Shoots to Dormant Crypto

A squeeze on bearish altcoin traders has brought fresh energy into crypto markets, absent for months as the FTX exchange imploded in scandal. PLUS: Alex Thorn talks on crypto VC in 2023.

Are there signs of green shoots in crypto markets, or is it just a short squeeze? (Velodenz/Creative Commons)

Markets

Crypto Markets Today: Big Options Trade in Ether Market Would Profit from 69% Price Slide

ALSO: Bitcoin and ether traded up. Solana saw double-digit gains amid strong transactional activity.

(Dall-E/CoinDesk)

Markets

Crypto Markets Analysis: Falling Inflation Expectations Might Signal Bullish Turn for Bitcoin

Consumers' inflation expectations are coming down slowly – possibly removing one potential self-fulfilling prophecy from the list of things the Federal Reserve has to worry about.

The price of ether has risen 16% in the past week. (Getty Images)

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