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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 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.
Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K
BTC has shown no signs of life, but a volatile price move is likely.
Consider Digital Assets Instead of Still-Pricey Real Estate, Say JPMorgan Strategists
Nikolaos Panigirtzoglou and team mull the outlook for crypto following the Terra collapse.
As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable
Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs.
First Mover Americas: Bitcoin Struggles to Hold $30K Ahead of Fed Minutes
The latest moves in crypto markets in context for May 25, 2022.
