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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
Market Wrap: Bitcoin Traders Take Some Profits Ahead of Fed Meeting, Expect Higher Volatility
BTC is roughly flat over the past week, although some option traders have hedged against further price declines.
MicroStrategy Reports $170M Impairment Charge on Bitcoin Holdings in Q1
The software firm owns 129,218 bitcoins valued at just under $5 billion.
BTC Could Drop to $33K, Investors Looking at ETH
MarketGauge Group Managing Director Michele Schneider shares her bitcoin price outlook, suggesting that in the short term the “digital gold” could go as low as $33,000. Plus, why ETH could outperform BTC, expected announcements from the Federal Reserve and activity in the commodities markets.
Bitcoin Skew Shows Put Bias Intact
Stronger demand for puts or bearish bets are indicated as bitcoin’s put-call skews, or implied volatility of calls minus puts, continues to hover just above zero. Plus, a look into BTC’s relative strength index as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Touzi Capital CEO on BTC Mining, DeFi Yields, Environmental Concerns
Touzi Capital Founder & CEO Eng Taing discusses retail bitcoin mining, sharing insights into his company’s work with Compass Mining. Taing explains the energy efficiency of new mining technology, his investment strategy in decentralized finance (DeFi) and the crypto mining landscape in other countries like Venezuela. Plus, a conversation on the environmental concerns of proof-of-work mining.
Bitcoin Diverges From Stocks as Fed Meeting Starts, Slips Toward $38K
It has become a rare occurrence these days but BTC went its own way, dropping on Tuesday as stocks rose.
Bitcoin Stalls Below $40K Resistance, Support at $30K-$32K
BTC is at risk of a breakdown as price momentum slows.
Riot Blockchain Sells Nearly Half of April’s Bitcoin Production
The company raised $10 million with the sale of 250 bitcoins.
First Mover Americas: Bitcoin Skew Shows Put Bias Intact; Focus on RSI
The latest moves in crypto markets in context for May 3, 2022.
