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



Markets

First Mover Americas: Bitcoin, Ether Rise Slightly After Genesis' Chapter 11 Filing

The latest price moves in crypto markets in context for Jan. 20, 2023.

Bitcoin was trading slightly above the $21,000 mark at press time. (CoinDesk data)

Markets

Bitcoin, Ether Hold Steady After Genesis' Bankruptcy; Crypto Traders Say Bad News Was Priced In

The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.

(Danny Nelson/CoinDesk)

Markets

First Mover Asia: Bitcoin Returns to Its Winning Ways

ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto.

The upcoming Merge comes with some risks, says DappRadar. (ryasick/Getty Images)

Markets

Crypto Markets Today: Bitcoin Rides Over $21K, FTX's Possible Revival

Bitcoin rose 1.5% to trade at $21,100 after dipping earlier on Thursday. Ether was also trading up 0.6% to $1,550. Equities closed down.

New FTX CEO John J. Ray III (C-Span)

Markets

Bitcoin Holds Steady Near $21K Even as Equities Slide

Bitcoin was hovering near $21,100 Thursday in afternoon trading. Investors have priced in Genesis’ looming bankruptcy filing and the crypto industry’s other recent travails, one analyst said.

Bitcoin price chart on Thursday afternoon. (CoinDesk)

Videos

Latest Sign of Strengthening Momentum in Bitcoin

Bitcoin's 14-day relative strength index (RSI) recently rose past 80 to its highest since 2019 after bitcoin (BTC) touched a two-month high, according to data from Trading View. This comes as Arcane Research considers this a "proper signal of strengthening momentum in BTC since the bull market of 2021." "All About Bitcoin" host Lawrence Lewitinn breaks down "The Chart of The Day."

CoinDesk placeholder image

Finance

Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows

The data suggests traders may be finding Gemini to be less desirable than other exchanges.

(CoinDesk and CryptoQuant)

Markets

Crypto Markets Analysis: Bitcoin’s Relative Strength Readings Are in Rare Territory

The widely watched measure of trading momentum rose during bitcoin’s surge but has fallen over the last couple of days as BTC has declined.

(Getty Images)

Markets

Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease

The recent risk revival in traditional markets and cryptocurrencies may not sustain because the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said.

(geralt/Pixabay)

Markets

Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network

Smart contract blockchain Avalanche added support for BTC in its cross-chain bridge in June 2022.

Circulating supply of BTC.b (@gfkacid via Dune Analytics)

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