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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 Pares Earlier Losses; Resistance at $33K
BTC remains in a choppy trading range with limited upside.
Christine Lagarde Defends Massive ECB Interventions, Says Her Son Trades Crypto
The ECB president appeared on Dutch talk show "College Tour" last weekend.
First Mover Americas: BTC Dominance Reaches 7-Month Highs, Alts Suffer
The latest moves in crypto markets in context for May 26, 2022.
For Financial Advisors, Bitcoin Is the Next Nasdaq
The investment opportunity in bitcoin used to be like a single company, but now it's more like an entire asset class.
Bitcoin Sees Weakness at $29K as Traders Assess Fed Minutes
The largest cryptocurrency dropped below a support level in the past 24 hours before recovering.
Solana, Dogecoin Tokens Dip as Futures Suggests Bearish Sentiment
Choppy trading in broader markets failed to temper a gradual dip in major cryptocurrencies, with some sliding as much as 8% in the past 24 hours.
First Mover Asia: Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways
The founders of two prominent crypto-related organizations said tightened restrictions could make it difficult for foreign tokens to list on Korean exchanges, discouraging projects from trying.
Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility
BTC was roughly flat over the past 24 hours while SAND rose by as much as 7%.
Bitcoin Struggles to Hold $30K
BTC is in a consolidation phase as it struggles to break the $30,000 threshold. Options traders are more focused on hedging exposure than ever before, with skew levels signaling a bearish outlook in the bitcoin options market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
