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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
Market Wrap: Bitcoin Rises Above $38K Ahead of Seasonally Strong February
Historically, bitcoin produces positive returns in February. But risks remain.
Bitcoin Bargain? Investors Put Money Into Crypto Funds for Second Straight Week
Cryptocurrency funds attracted $19 million of new money last week, suggesting investors are cautiously adding to positions, with prices depressed compared with year-end levels.
Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even Harder
Most major altcoins have sunk more than bitcoin, with all members of the CoinDesk 20 digital assets deeply in the red in January.
Bitcoin Holding Support Above $37K; Resistance at $40K-$45K
BTC's January sell-off could attract short-term buyers.
Bitcoin's Put-Call Ratio Hits 6-Month High as Negativity Rules
The ratio suggests demand for puts is high, one observer said.
Excessive Volatility Hindering Further Mainstream Adoption of Bitcoin, JPMorgan Says
The bank said Ethereum is also facing challenges due to declining market share in the DeFi and NFT sectors.
Morgan Stanley Says Bitcoin’s 50% Correction Is Nothing New
The slide is within historical norms, the bank’s analysts said.
Bitcoin's 'MACD' Indicator Threatens Long-Term Bullish Bias as Rate Hike Fears Linger
Several Wall Street banks have penciled in five Fed rate hikes for 2022.
First Mover Asia: Bitcoin Barely Budges in Weekend Trading
Crypto trading was light and could remain so in Asian markets as many investors celebrate the Lunar New Year holiday week.
