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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
First Mover Americas: Bitcoin Bounces Back From 'Hurricane' Though Miners Are Selling
The latest moves in crypto markets in context for June 2, 2022.
First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
Major altcoins fared worse in Wednesday trading, reversing most gains from the U.S. holiday weekend rally; South Korea takes a harder look at crypto.
Market Wrap: Bitcoin Declines, Resisting Seasonal Norm; Altcoins Mixed
BTC declined by 4% over the past 24 hours, while WAVES rallied by 21%. The odds of positive monthly returns diminish until Q4.
Bitcoin Slips as Relief Bounce Loses Steam, Support at $27K
Long-term momentum remains negative, capping upside moves in price.
Bitcoin Miners Are Selling Off Their BTC Holdings to Cope With Market Headwinds
As the price of bitcoin falls, miners are cornered into powering off or selling their holdings.
How to Make Money From the Crypto Backlash
Welcome to the hype-disappointment-devastation-education-conviction-hype cycle.
First Mover Americas: BTC Starts June Trading Flat, Alts Decline
The latest moves in crypto markets in context for June 1, 2022.
First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.
Market Wrap: Bitcoin Rises to $32K, Outperforming Altcoins
BTC bounced after a nine-week losing streak, although some analysts remain skeptical.
