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



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What Really Mattered to Crypto Markets in 2021

The CoinDesk Research Annual Crypto Review for 2021 examines some of the key themes and metrics that marked the year’s progress in cryptocurrency markets.

The CoinDesk 2021 Annual Crypto Review looks back on how crypto markets fared last year.

Markets

Lessons I’ve Learned About Crypto as an Advisor

Lessons from my personal journey into crypto, and how you can apply them to your own practice.

(Towfiqu Barbhuiya/Unsplash)

Learn

Why Use Bitcoin?

It’s fast, it’s cheap to use, it’s private and central governments can’t take it away.

Bitcoin wallet app (Getty Images)

Markets

Polkadot, Solana Biggest Losers Among Top Cryptos

Tokens of top blockchain networks dropped as much as 14% after bitcoin lost its $46,500 support level.

plunge (shutterstock)

Markets

Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations

Over 87% of losses arose from crypto traders in long positions.

Bitcoin broke below the $46,000 support level on Wednesday. (TradingView)

Policy

US Congress to Hold Oversight Hearing on Crypto Mining: Report

Lawmakers will look at mining’s effect on the environment.

The U.S. Capitol in Washington D.C. (Darren Halstead/Unsplash)

Markets

First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release

The cryptocurrency drops almost 6%, and altcoins also fall.

(Getty Images)

Markets

Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks

BTC declines below $45K after the U.S. Fed points to a possible rate hike in March.

(Stephen Leonardi, Unsplash)

Markets

Bitcoin Falls to 1-Month Low as Fed Minutes Reveal Talks to Shrink Balance Sheet

A reduction in the balance sheet might undermine bitcoin’s appeal as an inflation hedge.

Bitcoin's hourly price chart showed steep drop in the hour after the Fed meetings were released. (TradingView)

Markets

Bitcoin Steady Near $45K Support; Resistance at $53K

BTC is at the bottom of a month-long price range, and upside appears limited.

Bitcoin daily price chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

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