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



Markets

Bitcoin Stuck in Range Between $45K Support and $52K Resistance

Price indicators suggest limited downside over the short term as selling pressure slows.

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

Finance

Bitcoin Whales Were Active on Coinbase Amid a Quiet Holiday Week

A large bitcoin holder or group of holders bought the dip on Coinbase last week, but more large bitcoin sell orders followed.

(Paola Ocaranza/Unsplash)

Markets

Bitcoin’s Net Exchange Flows Flip Bearish as Cryptocurrency Struggles for Directional Bias

Net inflows imply investor intention to sell, while consistent outflows represent strong holding sentiment.

Centralized exchanges saw net inflows for the first time in five months. (Glassnode)

Tech

Bitcoin Hashrate Mints New All-Time Highs

The metric has fully recovered after a plunge in mid-2021 as the Chinese government clamped down on local miners.

Bitcoin mining equipment

Markets

First Mover Asia: Bitcoin Rides $46K-$48K Weekend Tide After ‘Crypto Witching Day’

The oldest cryptocurrency experienced a small price recovery on Saturday, before it fell into the red again on Sunday. Roughly $8.67 billion worth of bitcoin and ether options contracts expired on Friday.

(Getty Images)

Markets

Here Are the Top 10 Cryptocurrencies of 2021

Tokens linked to the metaverse, “Ethereum killers” and meme coins dominated gains this year.

(The Sandbox)

Markets

Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’

NFTs exploded, Coinbase stock went public, El Salvador bought the dip and China cracked down on bitcoin miners, while Solana’s SOL tokens and Polygon’s MATIC shot up by multiples of 90 or more. Here’s how crypto traders played it.

Tesla CEO Elon Musk (Getty Images, modified by CoinDesk)

Markets

Cryptocurrencies Approach New Year in Positive Mood

Bitcoin advanced to its highest price in three days, though all of the biggest cryptocurrencies are negative for the week.

A muted rally brought a little sparkle to crypto markets on New Year's Eve. (Pexels/Pixabay)

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