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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: Altcoins Underperform as Bitcoin Dips Below $48K
Bullish sentiment continues to fade ahead of tomorrow’s U.S. Federal Reserve meeting.
Bitcoin Drifts Lower, Risks Testing $40K Support
A breakdown could damage the intermediate-term trend despite oversold signals.
Crypto Fund Inflows Slow to $88M as Market Retreats
Bitcoin’s price is down 26% in the past 30 days, suggesting investors continue to see the price weakness as a buying opportunity, albeit at a slower pace.
Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
There are 17 central bank meetings this week, including decisions from the Federal Reserve, Bank of England, European Central Bank and Bank of Japan.
Bitcoin Touches New Milestone With 90% of Total Supply Mined
However, the entire supply won’t get mined until February 2140.
First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
Ether climbs back above $4,100 but the direction of crypto markets at the start of the week remains uncertain.
Alts Find It Tough to Beat Layer 1 King Ethereum
Big investors looking beyond bitcoin may take their first baby steps into ether, which has so far outperformed its layer 1 alternatives. But for how long?
US Inflation Jumps to Highest Point Since 1982
New data from the U.S. Bureau of Labor Statistics shows the Consumer Price Index (CPI) for all items rose 6.8% in the 12 months through November, the highest since May 1982, when it was 6.9%.
What's Behind This Week's Ebbs and Flows for BTC?
Bitcoin's price has fluctuated wildly this week, trading in the $46K-$53K range. What's behind the movements? "All About Bitcoin's" Week in Review panel discusses the week's events that potentially impacted the price of bitcoin and the wider crypto markets, including Evergrande's collapse and rising inflation. Plus, a review of CoinDesk's Top 10 Most Influential 2021 list, with the spotlight on the Taproot developers.
Could a ‘Santa Claus Rally’ Happen This Year?
Following a week of lower lows for bitcoin, could we expect to see a “Santa Claus Rally” this year? CoinDesk’s Brad Keoun weighs in on his crypto markets analysis and outlook. Plus, tech editor Christie Harkin discusses the latest on bitcoin’s hashrate as it rebounds to levels not seen since before China’s mining crackdown.