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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 Rises to $30K; Resistance at $35K
BTC is on track to register a positive momentum signal on the daily chart.

El Salvador's President Promotes Bitcoin Adoption by Emerging Countries
Nayib Bukele is hosting financial representatives from 44 developing economies at the Alliance for Financial Inclusion's annual meeting.

First Mover Americas: Bitcoin Retakes $30K as 'Institutional Adoption' Makes Crypto More Like Stocks
The latest moves in crypto markets in context for May 17, 2022.

Bitcoin, Ether Hover Above Support Amid China Optimism, US Futures Bump Up
Crypto markets added 3.2% on Tuesday after nearly a week of declines.

Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System
Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red
Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?

Market Wrap: Cryptos Mixed as Volatility Fades, Traders Expect Weak Recovery
Bitcoin's average trading volume rose toward its highest level since January, which could point to a brief period of price stabilization.

Brazilian Stock Exchange B3 to Launch Bitcoin Futures Within Six Months
The firm is building the infrastructure to offer crypto market access to end users, CFO André Milanez said on Monday.

Nayib Bukele Announces 44 Countries to Meet in El Salvador to Discuss Bitcoin
El Salvador president Nayib Bukele said on Twitter 44 countries will meet in the country on Monday to discuss “financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits.”
