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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
First Mover Americas: It's a DOGE Day as Elon Musk Close to Completing Twitter Deal
The latest price moves in crypto markets in context for Oct. 27, 2022.

US GDP Expands 2.6% in Q3, Faster Than Expected; Bitcoin Steady
Any growth in gross domestic product might be negative for the bitcoin market because the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets.

As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August
The latest bounce could have legs as the market seems to have moved past the summer gloom and doom and miners have slowed coin sales amid positive macro developments.

First Mover Asia: Crypto Traders Are Betting on World Cup-Themed Tokens. What’s Driving the Interest?
Some of the tokens have soared in recent days, although they are not licensed or have an affiliation with World Cup teams. An analyst says they “have little to no intrinsic value.” Bitcoin surges again.

Market Wrap: Bitcoin Continues Its Upturn, Rests Comfortably Over $20.7K
BTC, ether and other major cryptos surge with stocks following upbeat earnings from a number of big brands.

What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.

Bitcoin, Ether Price Surge May Not Last: Crypto Markets Analysis
Prices are higher on more volume, but a number of whales are moving bitcoin on to exchanges, which could foreshadow selling pressure.

Crypto Markets Post Largest Short Liquidations Since July 2021
Crypto markets had over $700 million in liquidations on short trades, or bets against price rises, reaching levels not seen since July 2021. This comes as ether (ETH) leads token surge, up more than 10% in the past 24 hours. "The Hash" panel discusses the latest movements in crypto and what it suggests about the crypto markets.

What Bloomberg’s Crypto Opus Means for the Next Bull Market
Star finance writer Matt Levine devoted an entire Businessweek issue to crypto. That may be game over for hard-line skeptics.
