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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
Market Wrap: Bitcoin Reaches $61K as SEC’s ETF Deadline Nears
Bitcoin is inching closer to an all-time high as anticipation builds the U.S. regulator will finally approve one of the many applications it has received.
What Is a Bitcoin ETF?
The SEC is expected to decide on Jan. 10, 2024, whether to approve bitcoin ETFs from the likes of BlackRock, Fidelity and others, which would give investors exposure to the biggest cryptocurrency without having to actually buy it.
Will Bitcoin Hit Its All-Time High of Just Under $65K?
CoinDesk’s Brad Keoun and George Kaloudis discuss where bitcoin could be headed next week as Wall Street banks warn inflation may not be transitory, which could be driving BTC’s price higher.
Week in Review: The US Bitcoin ETF Race Heats Up
It’s been a big week for bitcoin, soaring past $60,000 for the first time in almost six months. The “All About Bitcoin” panel reviews events that helped bring BTC to this point, including the fierce U.S. bitcoin ETF race as the first bitcoin futures ETFs will reportedly clear the SEC next week.
Bitcoin Climbs Above $60K After Report SEC Won’t Block Futures ETF
Bitcoin jumped above $60,000 for the first time in almost six months following a report a bitcoin futures ETF could clear the U.S. Security and Exchange Commission (SEC).
Bitcoin Climbs Above $60K After Report That SEC Won’t Block Futures ETF
The key cryptocurrency’s price touched $60,300 Friday.
Bitcoin Spikes After Bloomberg Reports SEC Won’t Block Futures ETF
Bitcoin rallied Friday following reports that a bitcoin futures ETF is likely to clear the U.S. SEC. Omer Ozden, CEO of New York-based merchant bank RockTree Capital, discusses his crypto markets analysis and outlook. Plus, his take on the impact of China’s crypto crackdown on trading in Asia.
Ether, Bitcoin to Strengthen in Coming Weeks, FSInsight Says
The firm’s first upside target for bitcoin is close to $61,000 and then the highs from earlier this year of around $64,860.
