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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
Market Wrap: Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars
A surprisingly strong GDP report did little to ease investor concerns about inflation and the possibility of a steep recession.
Crypto Markets Remain Stable Following GDP Release, Bitcoin Stays Over $20K
Thew prices is higher on more volume, but a number of whales are moving bitcoin to exchanges, which could foreshadow selling pressure.
Brink Emerges as the Top Funder of Bitcoin Core Development, BitMex Research Says
The nonprofit has funded the highest number of active Bitcoin Core developers and reviewers.
Bitcoin Above $20K as GDP Increased at 2.6% Annual Rate in Q3
Bitcoin (BTC) is holding its ground above $20,000 as U.S. GDP accelerated at an annual rate of 2.6% in the third quarter. Eaglebrook Advisors Vice President of Research Joe Orsini joins “First Mover” to discuss his crypto outlook as the economy sees positive growth. Plus, insights on Meta's loss in revenue.
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.
