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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 Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Some observers of digital asset markets criticized the move but others said that Celsius could be protecting user funds; ether plummets 17%.
Market Wrap: Bitcoin Tumbles Most in 1 Year as Crypto Cracks Appear
Bitcoin slumped to about $23,000 when the Celsius withdrawal halt combined with a sell-off in traditional markets to sour trader spirits.
MicroStrategy Now Down $1B on Its Bitcoin Bet
Bitcoin has extended its plunge to a fresh 18-month low, below $23,000.
First Mover Americas: Bitcoin, Ether Plunge Anew as Celsius Halts Withdrawals
The latest moves in crypto markets in context for June 13, 2022.
Binance Resumes Bitcoin Withdrawals After Pause
CEO Changpeng Zhao attributed the issue to a "stuck transaction," and promised a quick fix.
SOL, DOGE Lead Plunge in Major Cryptos as Traders Warn of ‘Severe Losses’ Ahead
Higher inflation will continue forcing higher interest rates, which would be negative for economic growth, one analyst said.
Bitcoin Plunges Below $25K, Lowest Level Since December 2020
A weak macroeconomic environment and systemic risk from within the crypto space have caused nearly 12 successive weeks of losses for the asset.
First Mover Asia: Bitcoin Tumbles Below $27K Amid Heightening Inflation Concerns
Ether and other major altcoins underperformed BTC over the weekend as investors continued to steer away from riskier assets; Is there a case for inflation?
Mainstream Media Coverage of Crypto Market
John Divine, U.S. News & World Report senior financial markets editor, and Katie Canales, Insider Tech & Crypto reporter, discuss how the mainstream media covers bitcoin and what is resonating with their readers.
