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



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Bitcoin Tumbles Below $17K Amid Worries Over FTX-Binance Deal

The fallout of crypto exchange giant FTX's liquidity concerns continues to rattle the crypto markets. Bitwise Chief Investment Officer Matt Hougan discusses his outlook for bitcoin (BTC) as the cryptocurrency falls below $17,000 to its lowest level in 23 months.

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$940M Bitcoin 'Longs' Liquidated in 48 Hours

Nearly $1 billion worth of bitcoin (BTC) in long positions on crypto exchanges were liquidated as markets fell on FTX contagion fears, according to Coinglass data. Total crypto market capitalization slid to $900 billion from over $1 trillion on Wednesday morning as traders reacted to speculation around prominent exchange FTX's liquidity issues. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Drops to 23-Month Low; Galaxy Digital Reveals $76.8M FTX Exposure

Bitcoin (BTC) dropped to a new 23-month low as crypto traders processed the news that Binance might not buy rival FTX after all. Bloomberg reports U.S. securities and commodities regulators are probing whether FTX.com correctly managed client funds, despite statements by the ailing crypto exchange’s CEO, Sam Bankman-Fried, that all customer holdings were covered.

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Bitcoin Falls to $17K Level on FTX Contagion Fears

"Sam Bankman-Fried was very much the Jamie Dimon of crypto," says Defiance ETFs CEO Sylvia Jablonski. "When you see a major player on what feels like the verge of collapse ... it destroys the confidence of investors," she adds, explaining bitcoin (BTC)'s fall to $17,000 following the news of a potential Binance-FTX merger.

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Bitcoin Tumbles Following FTX’s Liquidity Crisis

Bitcoin (BTC) dipped 10% and ether (ETH) 17% in the past 24 hours as traders reacted to speculations around prominent exchange FTX’s liquidity issues. Defiance ETFs CEO, CIO, and co-founder Sylvia Jablonski discusses her outlook on the tumbling market.

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Bitcoin cae a un mínimo de 2 años por debajo de los 16.000 dólares después de que Binance se retirara del acuerdo con FTX

El precio de Bitcoin cayó hasta los 15.625 dólares el miércoles. Fue la primera vez que la mayor Criptomonedas cayó por debajo de los 16.000 dólares desde noviembre de 2020. El precio de BTC bajó un 14% en el día, la mayor caída en casi cinco meses.

Bitcoin (BTC) price over the past week, showing drop to $15,625 on Wednesday, the lowest since November 2020. (Source: CoinDesk)

Mercados

Primer movimiento en Asia: los Mercados de predicción se dividen si Binance se retira del acuerdo con FTX; Bitcoin cae 11%

Los inversores de Polymarket creen que hay un 45% de posibilidades de que Binance se retire del acuerdo con FTX y un 55% de posibilidades de que el acuerdo se lleve a cabo.

Founder and CEO of Binance, Changpeng Zhao, at a Rome appearance in 2022. (Antonio Masiello/Getty Images)

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Has Bitcoin Bottomed Out?

Tactive Wealth Advisor Eddy Gifford discusses his outlook for bitcoin (BTC) and whether the cryptocurrency has bottomed out amid low volatility. Plus, his take on the impact of the U.S. Federal Reserve's interest rate hikes and the upcoming midterm elections on the crypto markets.

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Bitcoin Futures Market Volume Down

Bitcoin futures trading volume has dropped sharply in recent weeks, indicating a spot-driven market, according to CoinDesk's Omkar Godbole. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Greg King on Bitcoin Volatility: Flat Is the New Up

Bitcoin has remained less volatile than the S&P and Nasdaq over the past three months. "If we can hold here ... that's really positive for 2023," says Osprey Funds founder and CEO Greg King.

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