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



Finance

Bit Digital Migrates All Its Bitcoin Mining Out of China Amid Ban

The New York-based miner expects to increase its mining power to 2.6 EH/s by mid-2022.

The United States Is Now the World Leader in Bitcoin Mining

Markets

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Pullbacks typically end with crowd chatter leaning bearish.

Chart showing bitcoin's price drop below $60,000 on Nov. 17 (CoinDesk, highcharts,com)

Finance

One-Fourth of Fund Managers Expect Bitcoin Price Over $75K in 12 Months: BofA Survey

Long bitcoin trades more crowded than long ESG, the survey said.

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Markets

Market Wrap: Cryptocurrency Sell-Off Stabilizes Amid US Tax Concerns

Bitcoin’s price declined about 5%, but later stabilized around $60K.

(Shutterstock)

Videos

Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support

Bitcoin fell below $60,000 during mid-European hours early Tuesday, extending early weakness and testing the 50-day moving average (MA) for the first time since Oct. 1. Analysts said a pullback was expected and has normalized the elevated funding rates, or costs associated with holding long positions, in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Recent Videos

Videos

VanEck Bitcoin Futures ETF ‘XBTF’ Launches on CBOE Exchange

After weeks of delays since winning U.S. Securities and Exchange Commission (SEC) approval in late October, investment firm VanEck’s bitcoin futures ETF started trading on the CBOE exchange Tuesday. The new ETF, which trades under stock ticker XBTF, jumped into the competition with a lower cost than two similar funds launched recently. When will the U.S. get a bitcoin spot ETF?

Recent Videos

Videos

Bitcoin Enters Pullback Mode, Is This a Buying Opportunity?

Broadhaven Capital Partners Co-founder and Partner Michael Sidgmore discusses his bitcoin analysis and outlook as the cryptocurrency is trading more than 6% lower on the day near $59,800.

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Markets

Bitcoin Stabilizes Near $60K Support; Faces Resistance at $63K-65K

Short-term indicators suggest limited downside into Asian trading hours.

Bitcoin four-hour price chart reveals an "oversold" reading based on the RSI indicator (lower chart). (Damanick Dantes/CoinDesk, TradingView)

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