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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 Payrolls Day Again, and Bitcoin Holds Tight Near $20K
The latest price moves in crypto markets in context for Oct. 7, 2022.
Will Comatose Bitcoin Market Come Alive After NFP Data?
Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022, but picture changes during the week after the data release, past data show.
First Mover Asia: The Crash of Three Arrows Capital’s Starry Night Portfolio Shows NFTs' Lack of Staying Power; Bitcoin Regains $20K After Earlier Drop
The collection, now valued at $840,000, is worth a fraction of the $21 million that the troubled hedge fund spent in assembling it; BNB falls after reports of an exploit.
Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year
But the relationship between the two assets remains only mildly strong.
Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets
BTC remains range-bound as investors await the latest payrolls data on Friday.
Bitcoin Correlation to Both Risk-on and Risk-off Assets Rose in September
Bitcoin (BTC) has been trading within a $600 range while the token’s correlation with both risk-on and risk-off assets rose in September, according to Kraken Intelligence. Plus, insights on the quiet BTC whale activities in the past month. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Finds Resistance at $20K as Stock Market Falls
Bitcoin (BTC) remained steady at $20,000 despite the dip in the stock market ahead of Friday’s job report. Juthica Chou, Head of OTC Options Trading at Kraken, discusses her crypto outlook amid macro headwinds. Plus, more insights into the whale activities and institutional volume.
Bitcoin Mining Is About to Get Tougher With Difficulty Primed for Another Sharp Rise
Miners with higher cost and large debt load will be weeded out by the crypto winter, according to industry experts.
How OPEC’s Oil Production Cuts Could Impact Crypto Miners
Bitcoin, ether, and other major cryptocurrencies traded sideways as investors fretted over new job figures and OPEC oil cuts. Dan Weiskopf, Tidal Financial Group Portfolio Manager, discusses how higher energy prices could impact crypto miners.