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



Videos

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.

Recent Videos

Markets

Crypto Markets Analysis: Bitcoin Holds Initial Move Higher Following Unexpectedly Strong Inflation Report

The Federal Reserve’s efforts to stem inflation appear to be paying off for bitcoin and other asset prices.

(Getty Images)

Markets

Bitcoin y ether se disparan luego de que EE. UU. registre una inflación más baja de lo esperado

Los traders de criptomonedas estaban monitoreando el informe mensual de inflación del gobierno de EE. UU. en busca de señales de si el endurecimiento de la política monetaria de la Reserva Federal este año está ayudando a frenar el ritmo de aumento de los precios al consumidor.

Ether registró una caída tras los datos de inflación en EE. UU. (Getty Images)

Videos

Bitcoin Up as Inflation Cools More Than Expected in November

The U.S. consumer price index (CPI) rose 0.1% in November, slowing more than expected from October’s 0.4% pace, in a sign of progress in the Federal Reserve's campaign to bring down soaring inflation. Bitcoin climbed higher near $18,000 after the news. Defiance ETFs CEO Sylvia Jablonski shares her crypto markets analysis and outlook.

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Finance

Grayscale Bitcoin Trust Discount Reaches Record 50%

The shares have not traded at a premium to bitcoin since last March.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Markets

Bitcoin, Ether Jump After US CPI Report Shows Slower-Than-Expected November Inflation

Crypto traders were monitoring the U.S. government's monthly inflation report for signs of whether the Federal Reserve's monetary-policy tightening this year is helping to slow the pace of consumer price increases.

Ether registró una caída tras los datos de inflación en EE. UU. (Getty Images)

Markets

First Mover Americas: Bankman-Fried Arrested in Bahamas

The latest price moves in crypto markets in context for Dec. 13, 2022.

FTX founder Sam Bankman-Fried was arrested in the Bahamas. (CoinDesk archives)

Markets

Bitcoin Hits One-Month High Ahead of US Inflation Data

Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.

(CoinDesk, Highcharts.com)

Markets

Goldman Sachs Sees Gold Outperforming Bitcoin in the Longer Term

Bitcoin adoption will need to be driven by the development of real uses rather than speculative interest, the report said.

CDCROP: Gold bars stacked close up (Unsplash)

Markets

Cumberland Favors Bitcoin Option Trades to Profit From US CPI

Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said.

Cumberland favors bitcoin options strategy to profit from post-CPI price action. (Krzysztof Hepner/Unsplash)

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