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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 Forms Possible Bear Flag
Bitcoin seems to have formed a bear flag, a pause that often refreshes lower, marking continuation of the broader decline, according to CoinDesk’s Omkar Godbole. This would imply a continuation of the sell-off from $25,000 and expose lows under $18,000 registered in June.
Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech
Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September.
First Mover Americas: Bitcoin Gains Stall at $22K as Markets Await Powell at Jackson Hole
The latest price moves in crypto markets in context for Aug. 25, 2022.
Texas Bitcoin Mine Whinstone Countersues Japan's GMO Internet, Seeks $15M Damages in Four-Year Dispute
The dispute dates back to 2018, but recent activity appears to have been triggered by increases in the cost of electricity.
Bitcoin's Pre-Jackson Hole Decline Leaves Room for 'Buy the Fact' Bounce
"No matter what Powell says or the Fed does, the market insists on reading/hearing him dovish," one observer said.
First Mover Asia: Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
A study by crypto exchange KuCoin found that 15% of the country’s population aged 18-60 held or had traded crypto in the past six months; ether trades sideways.
Market Wrap: Bitcoin Rises Slightly Along With Stocks
U.S. equity indexes snapped a three-day losing streak on Wednesday, dragging along crypto assets.
Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week
The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.
Bitcoin ‘Lost Its Narrative’ Ahead of Ethereum Merge, Expert Argues
Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), explains why he thinks bitcoin "has completely lost its narrative" ahead of the Ethereum merge.
