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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
First Mover Asia: Bitcoin Sees Out the Year Near $47K Amid Low Volume Spot Trading
Technical analysis supports a “buy” signal after bitcoin logged three straight days of losses this week.
Market Wrap Year-End Review: Bitcoin ETF Rally Proved Short-Lived, and $100K Dreams Faded
In October, the long-awaited U.S. bitcoin ETF approval sent BTC’s price toward an all-time high of almost $69,000. But extreme leverage preceded a sell-off back down to $47,100 by the end of the year.
MicroStrategy Buys Another $94.2M of Bitcoin
As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.
Bitcoin Investors Protect Against Even Lower Prices Ahead of New Year
Investors are buying options against falling prices ahead of a major expiry.
First Mover Asia: Bitcoin Trades Near $47K on Low Volume During Year-End Holidays
The center of the market is still at the expiry of the options contract on Dec. 31.
Market Wrap Year-End Review: El Salvador Adopted Bitcoin, Then Bought the Dip
The country’s adoption of BTC as legal tender wasn’t enough to keep the cryptocurrency near $50K in September.
Newly Minted Bitcoin Miner Gem Mining Reaches Hashrate of 1.25 EH/s
Gem’s mining power now accounts for about 1% of the Bitcoin network’s total.
First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry
A total of 129,800 option contracts worth more than $6 billion are set to expire on Friday; ether’s price plummets.
