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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
Bitcoin Back Above $19K After Plunge Triggered by Rising Inflation
Bitcoin (BTC) bounced back above $19K, regaining some momentum after the hotter-than-expected CPI report triggered a plunge in the token’s price. Digital Asset Research CEO Doug Schwenk discusses the possibility of a Fed pivot and his crypto outlook amid recession concerns.
Bitcoin Rebounds to Over $19K After Plunge Triggered by Hot Inflation Report
BTC was up 0.2% after the price tumbled to $18,198 – the lowest since Sept. 21.
Bitcoin Slumps After US Core CPI Rises to Highest in 4 Decades
Bitcoin (BTC) tumbled nearly 3% in the minutes after the latest U.S. Consumer Price Index (CPI) report showed inflation rose to a 40-year high in September. "The Hash" panel discusses the inflation numbers and what they mean for the crypto markets.
Core Case for Crypto Is ‘Almost Bullet Proof’: Strategist Says
Bob Iaccino, Path Trading Partners co-founder and chief market strategist, joins "First Mover" to discuss his investment strategies for bitcoin (BTC) and ether (ETH), and why the core case for crypto is "almost bullet proof."
Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected
The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.
First Mover Americas: Bitcoin Falls to $18.1K After CPI Data
The latest price moves in crypto markets in context for Oct. 13, 2022.
First Mover Asia: How Many Metaverse Users Are There? The Figures Are Debatable and Discouraging
Decentraland and Meta’s Horizon Worlds, among others, say they’re popular, but a deep dive into user data indicates they’ve yet to catch on; Bitcoin trades up slightly as inflation report nears.
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
The official's comments might be relevant to bitcoin traders because the largest cryptocurrency has proven to correlate with the dollar's strength in foreign-exchange markets.
Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading
Thursday’s Consumer Price Index is widely expected to show inflation still above 8%.
Bitcoin Appears Due for Price Swing
Bitcoin (BTC) appears due for a price swing in either direction according to the Bollinger bandwidth, which is used to gauge periods of high and low volatility. The technical indicator has fallen to its lowest level since October 2020. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.