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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 Stabilizes Around $46K After Selloff, Resistance at $50K
Bitcoin is stabilizing around the 200-day moving average at $46,000 after a sharp selloff Tuesday. The cryptocurrency has been down about 10% over the past 24 hours as sellers control the $50,000 resistance zone.
Bitcoin Price Plunges, Metaverse Actions Heats Up in China
Bitcoin takes a plunge. A regulator says crypto crackdown is needed in Hong Kong. Metaverse action heats up in China. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Trades Weak After Tuesday’s Leverage Washout, Analysts See More Price Volatility Ahead
After a big decline and leverage washout, traders tend to be less confident and more risk-averse.
Bitcoin Miner Profits Remain High Despite Surges in Mining Difficulty
Today’s 4.5% increase is the fourth consecutive upward difficulty adjustment. But it’s slowing.
Who Are the Main Opponents and Supporters of El Salvador’s Bitcoin Law?
President Nayib Bukele’s new law faces plenty of internal critics. Much of his support comes from outside the country.
As El Salvador Enacts Bitcoin Law, Locals Remain Confused About Implementation
“One thing is what the president says, and another is what the law establishes.”
Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip
Bitcoin tumbled below $46K, triggering billions in long position liquidations.
Bitcoin Pulls Back From Resistance, Support at $49K-$50K
Pullbacks appear to be limited given breakouts on the charts.
‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender
El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.
Why Crypto Markets Are Pulling Back
El Salvador is on a bitcoin buying spree after the cryptocurrency became legal tender in the country on Tuesday, but the crypto markets remain in the red in pullback mode. Michele Schneider, Managing Director at MarketGauge Group, discusses her take on the “flash crash” and the potential factors driving prices lower.