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



Markets

Bitcoin Stalls Near Resistance; Support Around $40K-$42K

Price weakness could persist into the Asia trading day.

Bitcoin four-hour price chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

What Advisors Should Know About Bitcoin and Inflation

Bitcoin can function as a store of value that avoids the inflation seen with fiat money and helps clients plan for and reach future goals.

(Kyle Hinkson/Unsplash)

Markets

Could These Products Tame Crypto’s Volatility Beast?

Two crypto products launched late last year, targeted squarely at advisors who are concerned about risk-averse clients, purport to ease bitcoin volatility through trading strategies. But there may be other ways to temper volatility risk in cryptocurrencies.

(Roberto Júnior/Unsplash)

Markets

First Mover Asia: Crypto Prices Rise on Better-Than-Expected US Inflation News

The consumer price index rose 7%, but many investors anticipated a steeper increase; bitcoin and ether prices notched solid gains during the U.S. trading day.

Mountain climber

Markets

Market Wrap: Altcoins Rally as Bitcoin Buyers Return

FTM, XLM and SHIB were all up over 10% over the past 24 hours, compared with a 2% rise in BTC.

Retail traders were eager to get in on the bitcoin action.

Videos

Dorsey Proposes Non-Profit Bitcoin Legal Defense Fund for Developers

Block founder and CEO Jack Dorsey proposed creating a legal defense fund for Bitcoin developers as the community faces “multi-front litigation” and “threats” that have forced some without legal support to “capitulate.” “The Hash” panel discusses what this means for the bitcoin community following Dorsey’s continued BTC advocacy.

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Markets

Bitcoin Rises Above $43K; Resistance at $45K-$48K

The sell-off appears exhausted as buyers attempt to reverse a short-term downtrend.

Bitcoin four-hour price chart shows support/resistance and RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Opinion

Bitcoin, Inflation and the Expectations Game

For stocks, new data is often already "priced in." For bitcoin, it seems, things are different.

Phoenix, Arizona, USA

Markets

US Inflation Rose to Nearly Four-Decade High of 7% in December

The consumer price index is closely watched by bitcoin investors who view the cryptocurrency as a hedge against inflation.

Credit: https://unsplash.com/photos/K_3UV1ZFcJ0

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