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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 Dips, Stocks Plummet as Volatility Spikes
Traders continue to hedge against further price declines.
Bitcoin Struggles to Hold Support at $27K-$30K
BTC is testing an important support zone, although long-term momentum remains weak.
First Mover Americas: Bitcoin Back Below $30K as Target's Earnings Miss Shows Effects of Inflation
The latest moves in crypto markets in context for May 18, 2022.
Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks
A day after the Fed chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact – from higher mortgage rates to lower company earnings.
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment
BTC is stabilizing around $30K while stock market volatility begins to fade.
