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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
BTC Jumps as Goldman Sachs and Bridgewater Enter Crypto
Hxro co-Founder and CEO Dan Gunsberg discusses bitcoin’s recent price upswing, noting growing institutional interest as Goldman Sachs and Bridgewater enter the crypto space. Plus, a discussion on how a recent announcement from Terra Luna could have had a short-term impact on BTC price.
BTC Price Breaks Out to Highest Point in 3 Weeks
Christine Lee explains how bitcoin’s recent price surge pushed the overall market capitalization back above $2 billion, a value not seen since the eruption of war between Russia and Ukraine. This jump follows yesterday’s price stumble attributed to Federal Reserve Chair Jerome Powell’s hawkish remarks regarding rate hikes.
Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say.
Market Wrap: Bitcoin in Recovery Mode, Crypto Stocks Outperform
BTC rose above $42K while ETH topped $3K for the first time in two weeks.
Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment
The governing body behind Solana’s Mango Markets overwhelmingly rejected calls to invest even a sliver of its nearly $700 million treasury in bitcoin.
Bitcoin Price Breaks Out to Highest in Almost 3 Weeks
Bitcoin's price is moving in line with major indices, but it's too early to say whether this is a sustained rally.
First Mover Americas: Goldman's Crypto OTC Trade Revives Hopes of Institutional Demand, Lido Token Rallies
The latest moves in crypto markets in context for March 22, 2022.
