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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
Crypto Markets Analysis: Focus on Bitcoin's Price Charts, Not Hawkishness From Fed's Powell
The Fed's warning of further rate increases brought down the BTC price on Wednesday, shortly after the cryptocurrency passed $18K for the first time since early November. But even the glimpse of optimism offered hints of a shift.
Bitcoin Falls as Federal Reserve Slows Rate Hikes but Stays Hawkish
The U.S. central bank raised its benchmark interest rate to a range of 4.25%-4.5% on Wednesday. Officials now expect the current rate-hiking cycle to peak next year at a "terminal rate" above 5%.
Bitcoin Flirts With $18K Ahead of FOMC Meeting
Bitcoin (BTC) is trading just below $18,000 as traders look to another interest rate hike from the Federal Reserve. 3IQ Head of Research Mark Connors discusses the recent price actions, and reacts to Binance CEO Changpeng "CZ" Zhao's warning to his staff of turbulent times ahead.
First Mover Americas: Binance Hits Turbulence as Withdrawals Mount
The latest price moves in crypto markets in context for Dec. 14, 2022.
As Bitcoin, Stock Investors Cheer US Inflation Slowdown, One Macro Expert Calls for Caution
Slower inflation often portends a decline in corporate profitability, and that is yet to be priced in by risk assets, analysis by Steno Research's Andreas Steno Larsen shows.
Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data
With the former FTX CEO's arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said.
Bitcoin Could Drop to $10K-$12K by Q1 2023, VanEck Says
A wave of miner bankruptcies could keep bitcoin under pressure in the first quarter of 2023, VanEck's Matthew Sigel said. But he forecast a bull revival in the second half of the year.
First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried
Busan wants to integrate blockchain technology into all facets of government service and create the first city-run crypto exchange; bitcoin embraces encouraging CPI to rise over $17.7K.
Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day
But prices rose on U.S. inflation data that was more favorable than expected.
Bitcoin's Dominance Rate Rises to Highest Since October
Bitcoin (BTC) has outperformed relative to altcoins on a week-to-week basis, in what appears to be a flight to safety. This comes as BTC's dominance rate rose to over 41%, the highest since Oct. 29. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.