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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 Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, the world's largest cryptocurrency could drop to as low as $30K, the report said.
Bitcoin Bottom In? BTC Order Book Liquidity Says Yes
Liquidity both close to and further away from the going market rate has declined, hinting at an impending bull reversal.
Bitcoin 'Grossly Undervalued' at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week
The asset and broader crypto market tend to move on the release of U.S. economic figures and political developments.
Is Bitcoin Losing Its Bullish Momentum?
BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below the $200-plus moves seen earlier this year. The slump in variability is a sign the average has hit stall speed for the first time since October, indicating a pause or impending bearish trend change. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
The bitcoin price rose 1% just after the numbers hit, but remains lower by about 5% from one week ago.
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
The latest price moves in crypto markets in context for Sept. 6, 2024.
Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
