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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 Open Interest Hits Lowest Level Since August
Binance open interest drops below 100,000 BTC, lowest level in over a year.
Bitcoin Could Swing Back to $95K Amid Signs of BTC Bear Exhaustion
Signs of seller exhaustion at the 200-day SMA suggests scope for a price bounce.
BlackRock's Bitcoin ETF Registers Highest Trading Volume in 3 Months
The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.
Metaplanet Buys 497 BTC in Another Bargain-Hunting Bitcoin Acquisition
This brings its total BTC holdings to 2,888 BTC.
El Salvador's Bukele Says Bitcoin Purchases Won't Stop Due to IMF Deal
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
Turnaround Tuesday Sees Crypto and Stocks Bounce Sharply From Worst Levels
Having sunk to as low as $81,500 earlier in the session, bitcoin (BTC) climbed above $88,000.
Crumbling Markets Have Sent Treasury Yields Plunging, Offering Hope for Crypto
Treasury Secretary Scott Bessent Tuesday morning said the Trump administration is committed to lowering interest rates.
Bitcoin Mining Economics Weakened in February: JPMorgan
The total market cap of the 14 publicly-listed U.S. bitcoin miners that the bank tracks dropped 22% last month, the report said.
El Salvador’s Bukele Adds 19 Bitcoin as IMF Pushes Back on BTC Adoption
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
Mexican Billionaire Ricardo Salinas Says He Has 70% Bitcoin-Related Exposure
The billionaire, a well-known bitcoin proponent, added he holds no bonds or stocks except for his own company shares.
