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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 Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.
First Mover Americas: Crypto Rebounds From Monday's Chaos
The latest price moves in crypto markets in context for Aug 6, 2024.
Bitcoin's Death Cross Is Looming Again
Indicators like the death cross are inherently lagging and offer limited predictive power.
Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's Rout
Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session.
Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.
First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto Market
The latest price moves in crypto markets in context for Aug 5, 2024.
Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind
The yen's strong performance, rising almost 10% against the USD in three weeks, led to the unwinding of carry trades, contributing to the sell-off in risk assets and causing significant market volatility.
