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
Crypto Sell-Off Wipes $700B From Industry Market Cap So Far in 2022
The market value of all cryptocurrencies has plummeted to $1.6 trillion from $2.3 trillion at the start of the year, according to CoinGecko data.
Bitcoin Short-Term Bounce Faces Resistance at $40K
Extreme oversold readings preceded an uptick in BTC.
Investors Put $14M Into Crypto Funds Last Week as Bitcoin Market Cratered
Inflows into digital-asset funds last week – after five straight weeks of outflows – suggest investors were taking advantage of the price dip.
Bitcoin Isn’t Private – But Its Recent Taproot Upgrade Will Help
The upgrade could give the network a much-anticipated privacy boost once its effects ripple throughout the ecosystem.
Bitcoin Miner CleanSpark Hits 2 EH/s to Join Ranks of Top North American Miners
The miner is now producing 10 bitcoins per day.
Bitcoin Drops to 6-Month Low, Ether Eyes Bearish Cross as US Stock Index Futures Erase Early Gains
Bitcoin and ether fell to their lowest levels since July after Goldman Sachs predicted a faster pace of Fed tightening.
Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
RSI can stay oversold longer than dip buyers can stay solvent.
First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
But investors are still unclear whether crypto will continue to follow trends in equity markets or is an uncorrelated asset.
Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'
The price appeared to stabilize around $35,000, but gallows humor filled social-media sites as more than $1.5 billion of tradition positions were liquidated.
No, Tech Stocks Aren’t Driving Crypto Prices
The relationship between bitcoin and the Nasdaq is there, but it isn’t as strong as some suggest.
