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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
CoinShares Report Shows Major Outflows From Bitcoin Short Funds
Digital-asset investment products see $39 million in outflows last week, with total assets under management reaching lowest level since February 2021.
'Enormous Outflows' From Largest Bitcoin ETF May Have Triggered BTC Crash
The Canadian Purpose Bitcoin ETF lost half of its assets last Friday likely because of a huge liquidation, an Arcane Research analyst said in a note.
Bitcoin Holds Steady Above $21K Amid Stock Gains
Ether is also up over the past 24 hours, although analysts warn that the crypto rally is unlikely to last.
First Mover Americas: Altcoins Lead as BTC Struggles to Stay Above $21K
The latest moves in crypto markets in context for June 21, 2022.
Bitcoin Recovers to $21K, Traders Still Wary of Further Rally Due to Recession Fears
Analysts at Morgan Stanley and Goldman Sachs said in a note on Monday that recession risks were not “fully priced in.”
First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.
Market Wrap: Bitcoin Holds Above $20K Amid Light Trading
U.S. equity markets were closed in celebration of the Juneteenth holiday.
Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period.
First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday
A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the digital assets' ability to maintain those levels.
