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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 Fed Preview: Powell's Take on 'Trump Tariffs' Could Shake Markets as 25bp Rate Cut is a Foregone Conclusion
A 25-basis point Fed rate cut will likely be a non-event, and markets will be interested in what Powell thinks of President-elect Donald Trump's inflationary policy cocktail of loose fiscal policy and import tariffs.
What Next for Bitcoin After Trump Win? Traders Look to Fed Rate Cuts as BTC Sets New Highs at $76K
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar's value and pushing investors towards alternative investments.
Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts
Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.
How This Crypto Hedge Fund Nailed the Trump Trade
Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Donald Trump would win the U.S. presidential election despite the polls.
Protocol Village: MultiversX Reports That Tech Enthusiast Set Up Testnet Node on Smartphone
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 31-Nov. 6.
Trump Wins, Bitcoin Unlikely to See Big 'Sell-The-Fact' Price Drop: Omkar Godbole
While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and rising dollar index, says CoinDesk analyst Omkar Godbole.
First Mover Americas: BTC Hit All-Time High as Trump Closed In on Victory
The latest price moves in crypto markets in context for Nov. 6, 2024.
Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
Bitcoin Rises Nearly 10% Against Mexican Peso as 'Trump Trade' Soars; Gold Stays Flat
Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.
Bitcoin Hits New Record Above $75K as Trump Dominates Early Voting
Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.
