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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
Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys the Dip
The leading cryptocurrency is currently trading around $47,960.
Bitcoin Drops Below $56K as Momentum Slows, Support at $53K
Buying has been weak despite short-term oversold signals.
Market Wrap: Bitcoin Extends Losses While Traders Remain Bullish on Ether
Weekly returns were mixed as some altcoins outperformed. Meanwhile, macro headwinds could cause investors to reduce exposure to speculative assets next year.
Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data
Payrolls data is forecast to show the U.S. economy added 550,000 jobs in November after 531,000 additions in October.
Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data
New data on bitcoin's price movement reveals the cryptocurrency is continuing to trade in a familiar range as traditional markets exhibit improved risk appetite, with investors eyeing the release of the U.S. monthly employment report. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Drops Below $56K as Momentum Slows, Support at $53K
Bitcoin sellers were active Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support at about $53,000 could stabilize the current pullback. “All About Bitcoin’s” Week in Review panel discusses the week’s events that could have brought BTC to this low point and Square’s pivot after renaming itself as Block.
Silk Road Founder Ross Ulbricht, Who Proved the Case for Bitcoin, Can Do So for NFTs
Ulbricht’s NFT project could be a sea change for credibly neutral charity efforts.
When Will Bitcoin Break Out of Rangebound?
Bitcoin is trading near $57,000 at press time, extending a three-day-long consolidation in the familiar range of $55,800 to $59,300. Mark Elenowitz, president of trading software firm Horizon Fintex, discusses the potential impact of Omicron, inflation worries, regulation, and other factors he’s continuing to watch to indicate a breakout could be near.
Messari CEO Ryan Selkis Reflects on the Year in Crypto
Crypto analytics firm Messari has released its Crypto Theses for 2022, a 150+ page report on key trends, people, companies, and projects to watch across the crypto landscape, with predictions for next year. Messari CEO Ryan Selkis shares insights into the past year in crypto amid mounting regulatory pressure in the space.