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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 on Track for Best January Performance in a Decade
Bitcoin (BTC) is having its best start to the year since 2013 after jumping 40% this month amid weakness in the U.S. dollar. A Matrixport analyst said that 85% of the rally has been powered predominantly by U.S.-based buyers. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Bitcoin and ether have outperformed equities this year. The FOMC’s decision on interest rates looms large over markets.
Crypto Markets Analysis: Bitcoin, Ether Trading Activity Lessens as Investors Await FOMC’s Next Interest Rate Hike
Bitcoin and ether were trading around new areas of support; markets were quiet ahead of a likely 25 basis point rate increase.
Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
Bitcoin on Track for Best January Since 2013, Led by Bullish Trading During US Hours
Bitcoin has rallied almost 40% since Jan. 1, on track for its best opening to a year since 2013 when it surged 51%.
First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K
ALSO: Sam Reynolds considers litecoin's strong performance over the past year compared to bitcoin and ether. The first altcoin has been operating largely out of the spotlight.
Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed
Also: Ether traded flat above $1,600. Equities closed up after solid GDP data.
Crypto Markets Analysis: Bitcoin Trades Flat as GDP, Employment Data Signal Mild Growth
GDP shows economic expansion, with hints of consumer stress. Jobs data remains persistently tight.
First Mover Asia: Bitcoin Tops $23.7K in Wednesday Comeback
The largest cryptocurrency by market capitalization regained ground lost in a late Tuesday swoon. ALSO: Laguna Labs CEO Stefan Rust discusses Genesis and bitcoin's short-term prospects in a CoinDesk Q&A.
