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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
Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten
As bitcoin approached $100,000 we saw record notional profit-taking, however, as bitcoin dropped to almost $90,000 we are seeing record notional loss-taking.
Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead
The anti-risk Japanese yen looks to gain ground as the talk of a BOJ rate hike in December gathers steam.
This Hedge Fund Now Has a 1,000x Profit on Bitcoin
Dan Morehead's Pantera Capital Management was one of the first funds to get into bitcoin (BTC) back in July 2013.
First Mover Americas: Bitcoin's Correction Takes Price Below $93K
The latest price moves in crypto markets in context for November 25, 2024.
Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten
Long-term holders have sold almost 550,000 BTC as the rising price spurs profit-taking.
Bitcoin Slides Near $94K, but Short-Term Bullish Target of $100K BTC Unchanged
Analysts view a correction of as much as 10% from the peak (or as low as $92,000) as a “natural phenomenon.” But expect choppiness ahead.
$100K Bitcoin Blocked By Monster Sell Wall
A sizeable well wall is blocking Bitcoin from breaching the $100,000 threshold, despite the bullish frenzy for the largest cryptocurrency by market cap. CoinDesk's Christine Lee explains on "Chart of the Day."
Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
Traders are rotating profits as bitcoin's rally stalled out, allowing the second largest crypto to shine for at least a little bit.
Bitcoin Buying Plans Are Supercharging Stocks. Is This a Michael Saylor Redux — or Another 'Long Island Iced Tea' Fad?
A flurry of copycats are trying capture MicroStrategy's magic. Will it work?
First Mover Americas: Bitcoin Regains $98K After Weekend Slump
The latest price moves in crypto markets in context for November 25, 2024.
