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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’s Next Move Amid Talks of More Interest Rate Hikes, Other Macro Factors
Bitcoin and most other cryptocurrencies continue to retreat amid the Federal Reserve’s release of minutes from its December meeting, signaling it would tighten monetary policy faster than was once expected. Don Kaufman, the co-founder of trading education firm TheoTrade, discusses the potential macro factors impacting bitcoin and where the crypto markets could head.
Bitcoin’s Slump Is Good for Crypto Miners in Long Term, Jefferies Analyst Says
A lower bitcoin price will deter new entrants and help incumbents gain market share.
Avalanche, Polygon See Slight Gains as Crypto Markets Remain Flat
Markets saw a brief spike on Sunday.
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Is Partially Restored
The world’s second-biggest mining country has been engulfed in civil unrest over the past week.
Bitcoin Dips Below $40K as ‘Death Cross’ Looms on Price Charts
The past record of the “Death Cross” as an indicator of deeper drawdowns is mixed.
First Mover Asia: Bitcoin, Altcoins Rebound Amid Light Trading
Bitcoin topped $42,500 on Sunday after reaching its lowest mark since late September the day before; ether reaches over $3,200.
Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K
The price appears to have stabilized after a nearly weeklong downdraft that marked one of the cryptocurrency’s worst-ever starts to a year.
2021: The Year of the Alts
The market has decided that it likes bitcoin more than it did a year ago – but it really, really likes ether and its layer 1 rivals.
