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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
Ether Outperforms Bitcoin as Token 2049 Concludes, Overall Crypto Market Stays Flat
The CoinDesk 20 is beginning the week flat.
Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate
The market cap of altcoins rose 5.7% after the central bank announced it would lower interest rates by 50 basis points. Bitcoin’s market cap rose only 4.4%.
Bitcoin Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows
September's counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
Bitcoin Breaks $64K While Gold Soars
Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time since Aug. 26. In the meantime, gold has reached all-time highs on over 30 occasions this year, topping $2,600 an ounce. Why are the two assets outperforming? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
First Mover Americas: Bitcoin Tests $64K as BoJ Pauses Rate Hikes
The latest price moves in crypto markets in context for Sept. 20, 2024.
Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon
With both assets leading the market, here's a closer look at the factors driving their remarkable performance.
Ether Is Going to Shine Again, Steno Research Says
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
'Satoshi Era' Wallets Move $16M in Bitcoin After 15 Years of Dormancy
It is unclear if all these wallets belong to the same person or entity.
Bitcoin Nears $64K as BTC Futures Attract Billions; BoJ's Hike Pause Bumps Risk Assets
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.