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's Options Market Trims Bearish Bias as US Inflation Report Looms

Bitcoin's put-call skews recede, signaling waning demand for downside protection.

Bitcoin's put-call skews recede as demand for downside protection wanes. (Skew)

Markets

Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.

Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)

Markets

Short Traders Lose $82M as Bitcoin Bounces to $43K

A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.

Bitcoin prices spiked after comments from Fed Chair Jerome Powell. (TradingView)

Markets

Market Wrap: Bitcoin and Equities Stabilize as Sentiment Improves

Buyers are starting to return, at least over the short term.

(Shutterstock)

Markets

Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High

Tighter Fed monetary policy could put more downward pressure on risky assets from stocks to cryptocurrencies.

Monedas. (Adam Gault/Getty Images)

Markets

Bitcoin Rises From Oversold Levels, Faces Resistance Near $45K

Short-term buyers could remain active into the Asia trading day.

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

Finance

Strike Launches Bitcoin Payment Services in Argentina to Kick-Start Latin American Expansion

The company plans to expand into Brazil and Colombia in 2022.

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Videos

Kevin O’Leary Shares Crypto Investment Philosophy and Why Crypto Deals Are Not Seen on ‘Shark Tank’ Yet

Kevin O’Leary, co-host of “Shark Tank” and O’Shares ETFs Chairman, shares his investment strategy in the blockchain space, highlighting his diversification approach. Mr. Wonderful also explained why we do not see crypto pitches on “Shark Tank.”

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Markets

Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Some institutions use crypto equities as a proxy for cryptocurrencies, one value investor said.

Crypto stocks tank along with bitcoin (CoinDesk, TradingView)

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