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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
Goldman Sachs: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
In a report Thursday, Goldman Sachs said mainstream crypto adoption can raise valuations but also raise correlations with other financial market variables, reducing the diversification benefits of holding digital assets. “The Hash” hosts dig into the report, discussing whether bitcoin moves in sync with the traditional markets.
Jefferies Sees Nearly 160% Upside for Marathon Digital's Shares
The firm started coverage with a buy rating and 12-month price target of $51.
Is a Crypto Winter Coming? 3 Things to Consider
There’s a definite chill in the air as the crypto market tries to shake off another steep crash. But is a new crypto winter really upon us?
Goldman: Bitcoin, Altcoins to Become More Correlated With Traditional Financial Market Variables
The bank’s analysts said digital assets won’t be immune to macroeconomic forces such as monetary tightening.
Bitcoin Worth $670M Leaves Centralized Exchanges After Hawkish Fed Comments
Most investors prefer to have direct custody of coins when they intend to hold them for a longer term.
First Mover Asia: Bearish Crypto Sentiment Continues as Dollar Strengthens
Bitcoin was up slightly, but ether and most other major altcoins fell as investors continued to digest the Federal Reserve's hawkish comments from Wednesday.
Market Wrap: Bitcoin Rangebound Ahead of Option Expiry; Expect Higher Volatility
Sentiment in the bitcoin options market is mixed, although some traders are seeking downside protection.
Watch Out for the Pols Bearing Crypto
Rio de Janeiro is the latest city to invest in bitcoin. The public needs transparency.
