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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: Bitcoin Dominates but Altcoins Lurk
Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.
Market Wrap: Cryptos Decline Amid Bearish Sentiment
The bitcoin Fear & Greed Index reached its second-lowest record fear level in history. Analysts expect a period of lower returns.
Bitcoin’s Correlation to Leading Crypto Assets Recovers
Noelle Acheson, head of market insights at Genesis Global Trading, discusses her crypto markets analysis and outlook, sharing insights into bitcoin’s correlation to leading crypto assets and traditional markets after Terra’s collapse. Plus, lessons learned from previous bear market cycles.
Guggenheim's Minerd Says Bitcoin Will Drop to $8K. We Checked His Record
A quick recap of some of the noted analyst's key prognostications shows just how mixed his track record has proven.
Bitcoin Is Apolitical, but Won't Be Much Longer
Practically speaking, everything is eaten by the culture war.
Bitcoin Range-Bound; Support at $27K, Resistance at $33K
Technical indicators are neutral, and upside appears limited from here.
More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst
“It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program.
