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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
Turkish Lira Is Now More Volatile Than Bitcoin
The lira nosedived in the final quarter of 2021 as Turkey cut interest rates amid high inflation.
Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Nearly $160 million in ether long positions were liquidated.
Bitcoin Slips to 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
The fears of the Fed’s tightening leading to a prolonged bear market in stocks and digital assets might be overblown, one observer said.
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
ONE, FTM, ATOM and NEAR quickly turned green despite Wednesday’s broader market sell-off.
ETH Price More Strongly Linked to BTC Than Ever
A chart featured in the 2021 CoinDesk Annual Review illustrates the 90-day return for bitcoin, ether, and macro assets. In this Chart of the Day report, Galen Moore reflects on bitcoin’s relationship with broader financial markets and ether’s dependence on the BTC price.
Market Wrap: Bitcoin Sentiment Turns Extremely Bearish
Indicator shows “max fear” among the cryptocurrency’s traders.
Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K
Oversold signals remain intact, although upside is limited.
Crypto Miners Are Better Investments Than Bitcoin Even After Sell-Off: Analysts
Wall Street analysts see “compelling” opportunities in the stocks of miners as sell-off is not driven by fundamentals.
