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



Videos

GSR USA CEO: Bitcoin Will Be Back at $65K

Trey Griggs, CEO of GSR USA, discusses his bullish forecast for bitcoin, citing the value of the Bitcoin network, a pending bitcoin ETF approval, increase in transaction activity and in-person meetings. Plus, his take on the U.S. crypto regulatory landscape.

Recent Videos

Videos

What to Watch in Bitcoin This Week

Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.

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Markets

Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback

The options market is placing a 20% probability on bitcoin ending the month at a new all-time high above $65,000.

The sun sets behind a row of silhouetted figures pulling on a rope.

Markets

Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’

There’s a downside to SEC Chair Gary Gensler’s preference for an exchange-traded fund focused on bitcoin futures. But it’s unlikely to deter investors.

A little-known risk of a bitcoin futures ETF is that it could bleed investor returns. (Unsplash, modified by CoinDesk)

Markets

Crypto Funds Double Weekly Inflows to $226M as Ebullience Returns to Bitcoin Market

The jump was largely driven by bitcoin-focused funds, where inflows rose by $156 million to $225 million, the highest in five months.

Weekly crypto fund flows (CoinShares)

Videos

Bitcoin Approaching Resistance Near $58K; Support at $50K

Bitcoin and ether continue to rise, with BTC now surpassing $57,000, although the wider crypto markets are seeing slower momentum. Kapil Rathi, co-founder and CEO of institutional trading firm CrossTower, discusses the macro trends he’s continuing to watch, including regulation, China’s crypto crackdown and institutional adoption.

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Finance

China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says

Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides.

(artiemedvedev/iStock/Getty Images Plus)

Markets

Bitcoin Approaching Resistance Near $58K; Support at $50K

Momentum has improved over the past two weeks.

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Bitcoin Makes Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts

The positive sentiment in BTC has been partly driven by ETF speculation.

Bitcoin's price chart by TradingView

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