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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
Cardano’s ADA Token Surges as Fresh Buyers Jump In
The coming launch of smart contracts into the network is providing a boost, one research firm said.
Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments
No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.
Bitcoin Hashrate Could Return to Record Sooner Than Expected
Chinese miners have been speeding up their migration to alternate locales while U.S. miners are expanding their capacity as bitcoin’s price rallies.
Bitcoin Holds Short-Term Support; Upside Limited to $50K
Buyers will need to defend lower support levels this weekend to avoid a series of lower price highs.
Ether’s Daily Issuance Drops Below Bitcoin, IntoTheBlock Says
Ether’s net daily issuance is less than bitcoin’s for the first time on record.
Market Wrap: Crypto Pullback Deepens; Expect Higher Volatility
Analysts expect higher volatility ahead of Friday’s month-end expiry.
Bitcoin’s Next Move Ahead of Friday’s $2B Options Expiry
Volatility at the monthly bitcoin options expiry has been a noted pattern this year.
BTC Options Global Open Interest by Expiry
New data reveals the disposition of traders in bitcoin options markets ahead of Friday’s big expiry. Such expiration dates are closely watched as the market often moves toward the max pain point, with larger investors typically writing options seeking to push the spot price to the point where most contracts will expire worthlessly.
Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears
Bitcoin is again experiencing moderate price turbulence while heading into the monthly options expiration. CoinDesk's Damanick Dantes discusses his assessment and outlook for bitcoin as the cryptocurrency has reversed Wednesday’s gains and exposed the widely tracked 200-day moving average (MA) line located at $46,040. Plus, his take on the explosive growth of altcoins, including Cardano (ADA) and Avalanche platform's AVAX token.
