- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
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
First Mover Americas: Bitcoin Snaps Record Losing Streak, Climbs Above $31K
The latest moves in crypto markets in context for June 6, 2022.
First Mover Asia: Bitcoin and Other Cryptos Tick Up in Weekend Trading
Ether and other major altcoins are slightly in the green as investors continue to look for clarity on the direction of the global economy; stablecoins face increasing scrutiny.
Bitcoin Might, in Fact, Be the Great ‘Equalizer’
A new global survey drills in on the perception of Bitcoin around the world, and the findings appear to be generally optimistic for global equity.
Market Wrap: Altcoins Underperform as Bearish Sentiment Rises
Analysts expect price bounces to remain short term.
Bitcoin Stuck Below $34K Resistance, Support at $20K-$25K
Short-term price action is stabilizing but expect a rise in volatility.
Bitcoin Set to Record 10-Week Losing Streak
Bitcoin (BTC) is on track to record 10 consecutive weeks of losses for the first time in its history. Quantfury CEO Ali Pourdad dicusses the potential factors driving prices lower and where we’re headed next. Plus, reactions to the latest U.S. jobs report, Elon Musk seeking 10% job cuts at Tesla.
Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%
BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks.
First Mover Americas: Bitcoin Slips as Report Shows Faster-Than-Expected US Jobs Growth
The latest moves in crypto markets in context for June 3, 2022.
