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
Market Wrap: Bitcoin Heads for Best Week in 3 Months
The largest cryptocurrency’s push past $20K this week has turned the market more bullish. The outlook hinges on the Federal Reserve’s messaging next week – about its plans for December.
Bitcoin, Ether Press Higher as Momentum Increases
Bitcoin's price has neared a key level months after the June 13 sell-off. Investors should still watch for movement of bitcoin to exchanges.
Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months; Future of Bitcoin Adoption
A record 78% of Bitcoin has not been used in transactions in the last six months, and the level is increasing, according to a Morgan Stanley research report. Plus, El Salvador and Lugano have signed a memorandum of understanding (MOU) aimed at boosting local and global bitcoin adoption.
Bitcoin Could Rally to $63K by March 2024: Matrixport
Bitcoin could soon find relief and rally to $63,000 by March 2024, when BTC is likely to undergo mining reward halving – a programmed code aimed at reducing the pace of supply expansion by 50% every four years. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
What Drove Bitcoin Above $20K?
Bitcoin broke above $20,000 earlier this week on Tuesday for the first time in 18 days. The "All About Bitcoin" Week in Review panel catches up on the week's biggest events in crypto moving price action.
Bitcoin Outlook Ahead of Fed Decision, Jobs Report
The "All About Bitcoin" Week in Review panel discusses their outlook for bitcoin (BTC) ahead of next week's upcoming U.S. jobs report and a potential fourth consecutive interest rate hike from the U.S. Federal Reserve.
Bitcoin Clings to $20K as Fed's Preferred Inflation Gauge Rises Less Than Expected
"Most of the coins are in the hands of people who are more committed to bitcoin," says Glen Goodman, crypto consultant at eToro. He cites on-chain data showing addresses holding BTC for three months or less have dropped to an all time low. Could this signal a market bottom?
Tether’s Paolo Ardoino Says Bitcoin Adoption in Lugano, Switzerland, Going Well
The bitcoin push is part of the city's "Plan B," which includes hosting a crypto conference this week.
Fed's Preferred Inflation Gauge Rises Less Than Expected, and Bitcoin Rises
BTC pops after U.S. PCE price index comes in slightly slower for September than predicted by economists.
First Mover Americas: Bitcoin Turns South Toward $20K, Huobi Cuts Ties With the HUSD Stablecoin
The latest price moves in crypto markets in context for Oct. 28, 2022.
