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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
Bitcoin Declines From $48K Resistance; Support at $45K
Short-term indicators show bitcoin is overbought.
Friday’s Crypto-Market Breakout Caused Massive Short Covering, May Be Technically Significant: FSInsight
Technical breakouts made by some cryptocurrencies led to “massive short covering,” the firm said in a report.
It’s a Multi-Chain World, Bitcoin Just Dominates It
The original blockchain still reigns, but neither Bitcoin nor its closest competitor, Ethereum, can count on becoming the only game in town any time soon.
Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation
Reduced probability of a regulatory clampdown on crypto markets seems to be cushioning bitcoin from the instability of traditional markets.
Market Wrap: Cryptocurrencies Rally as Short Sellers Exit Positions
The upturn comes despite regulatory risks.
BTC Dominance Declining Since 2019
A sneak peak at one of the charts in CoinDesk’s Q3 crypto markets analysis report reveals bitcoin’s dominance, the measure of BTC market capitalization, compared to the market cap of all digital assets has consistently waned year over year since 2019. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Will Bitcoin's Bull Run Continue Next Week?
Bitcoin is up 9.13% on the day as institutions outside the U.S. have reportedly turned more bullish, but will the rally continue? CoinDesk's Christie Harkin discusses what to expect next week, as the SEC has also delayed its decision to approve four bitcoin ETF applications.
Crypto Community Continues Reacting to China’s Sweeping Crypto Ban
With continuing fallout from China, CoinDesk’s Christie Harkin reviews the week’s events out of China that potentially impacted the price of bitcoin and the wider crypto market.
‘Coinbase Premium’ Indicates Whales on Binance May Be Behind Bitcoin’s Rally
Institutions outside the U.S. have turned more bullish, according to trading data.
Bitcoin in Afghanistan
As Afghanistan plunges into financial turmoil following last month’s Taliban takeover, the appeal of cryptocurrency is rising. According to an August Chainalysis report, the country ranked 20th in the world for crypto adoption.