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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 Capped Below $40K Resistance; Support at $35K
Buyers have consistently lost ground to sellers.
Crypto Options Trading Volume Surged in January as Prices Fell
The drop in prices kicked off certain trading strategies.
Bitcoin Turns Lower From Bearish Trendline, Support at $35.5K
Sellers look to regain control after bulls' failure to break through technical resistance.
ECB, BOE Have Scant Leeway to Influence Bitcoin
While all macro decisions matter, the Fed is the most important as it drives the global policy, one observer said.
Long-Term Buyers Unfazed by Bitcoin's Recent Drop to $33K
A metric tracking long-term holders suggests investors have continued to accumulate the asset despite a falling price.
First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings
Bitcoin and ether fell sharply after the company formerly known as Facebook said its virtual/augmented reality division lost $10 billion in 2021.
Market Wrap: Bitcoin Bounce Pauses on Low Volume
Buyers are taking a breather, awaiting a catalyst that could push prices higher or lower.
Paradigm Offering 'Futures Spread Orderbooks' on Deribit and Bybit
Futures spread trading is considered less risky compared with futures contracts but there are still risks.
Coinbase, Genesis Highlight Massive Institutional Growth at MicroStrategy Conference
More retailers are interested in NFTs, and that can lead them to hold more crypto in their treasuries, says Coinbase Institutional's chief.
Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say
The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.
