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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
BTC Price Underperforms Treasuries Amid Russia-Ukraine Conflict
In today’s “Chart of the Day," the year-to-date returns for BTC, the S&P 500, treasuries and gold suggest that risk off has been the dominant theme so far this year, leading up to the events in Russia and Ukraine. With gold outperforming all the other assets, CoinDesk's Damanick Dantes evaluates the macro factors that might be at play.

Market Wrap: Bitcoin Stabilizes Amid Geopolitical Uncertainty
The leading cryptocurrency reverses earlier losses in seesaw trading.

Major Reversals From Overnight Action Continue Following Biden Sanction Remarks
Bitcoin is up more than $4K from its weakest levels of the day, while the Nasdaq has moved sharply into positive territory.

Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
As geopolitical tensions rise, the cryptocurrency's price has fallen.

Bitcoin Miner Core Scientific Has More Than 100% Upside: BTIG
Core came public last month via a SPAC merger, but has struggled alongside declines in the price of bitcoin.

Bitcoin Selling Intensifies; Support at $30K Could Stabilize Correction
There are initial signs of downside exhaustion, although upside appears limited.

Crypto Market Cap Tumbled to $1.5T While Gold and Oil Prices Soar Amid Russia-Ukraine Conflict
Michele Schneider, Marketgauge Group Managing Director, joins “First Mover” to discuss the current state of the crypto markets following Russia’s invasion of Ukraine. Additionally, Schneider shares her take on bitcoin as a hedge against inflation and storage of value, and the price actions of altcoins

Las principales criptomonedas caen en medio de la crisis en Ucrania
Bitcoin, por su parte, fue considerado como un activo menos riesgoso por parte de inversores.

The Case for Taxing Proof-of-Work
Most bitcoin owners aren't cypherpunks and don't require an energy-intensive consensus mechanism. A tax would shift them on to sensible alternatives. This post is part of CoinDesk's Tax Week.

First Mover Americas: Traders Prefer Gold, Fiat Safe Havens Over Bitcoin as Russia Goes to War
The latest moves in crypto markets in context for Feb. 24, 2022.
