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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 Pulls Under $68K as Crypto Markets Falter Ahead of Election
At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus the outlook for an easy Trump victory just days ago.
Crypto Reverses Early Gains, Bitcoin Dives Back to $69K
Prices had move higher early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.
Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan
The network's monthly average hashrate surged to a record high, the report said.
U.S. Added Just 12K Jobs in October, Far Short of 113K Expected
The October employment numbers are among the last pieces of economic data that could factor into the elections and Fed policy meeting next week.
First Mover Americas: Bitcoin Pares Losses Following Thursday's Slump
The latest price moves in crypto markets in context for Nov. 1, 2024.
MicroStrategy Remains One of the Best Ways to Gain Exposure to Bitcoin Given Its Intelligent Leverage Strategy: Canaccord
The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.
Bitcoin's Drop on Thursday Spurred Panic Sales Among Short-Term Holders: Van Straten
Over $2 billion worth of bitcoin was sent to exchanges at a loss on Thursday, the most since August's yen carry trade unwind, as bitcoin fell below $70,000.
Bitcoin Price Drop Leads to $250M Bullish Liquidations; Crypto Sentiment Indicator Signals Top
A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.
Crypto Slumps Alongside Trump's Victory Odds on Polymarket as Uncertainty and Profit-Taking Rise
The final stretch of the U.S. presidential election is keeping traders on their toes after recent big runs higher for crypto and traditional markets.
Michael Saylor Conjures Stock Market Magic With Giant Plan to Buy More Bitcoin
Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer's stock price. But the economics around corporate America's biggest bitcoin bull are different.
