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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



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Bitcoin's Short-Term Resistance Discovered at $45K

Fairlead Strategies’ Katie Stockton shares a bitcoin weekly chart, suggesting that bitcoin's short-term momentum is positive and intermediate-term momentum has neutralized. Stockton points out bitcoin's resistance has been discovered near $45,000 with a minor breakout targeted around $51,000. Plus, a conversation about crypto trading volumes and ETH’s future value. 

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Kazakhstan Mining Crackdown Affecting Bitcoin Hashrate

CoinDesk's Christie Harkin joins the “Week in Review” panel to discuss Kazakhstan’s efforts to repress illegal crypto mining operations, and how that has impacted the bitcoin hashrate. Plus, CoinDesk Market Analyst Damanick Dantes explains how the Fed interest rate hike has influenced bitcoin’s volatility. 

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Global Energy Price Jump Impact on Bitcoin Hashrate

“All About Bitcoin” Host Christine Lee presents data from Glassnode illustrating the difficulty of mining a bitcoin block, otherwise known as the hashrate, which dropped 0.35% on Thursday for the second time this month. Global electricity prices have risen alongside the continuation of Russia’s invasion into Ukraine, possibly leading certain miners to go offline.

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Wasabi Wallet’s CoinJoin Coordinator to Blacklist Certain Addresses

CoinDesk’s Christie Harkin discusses the implications of the Wasabi wallet CoinJoin coordinator announcing plans to blacklist certain bitcoin addresses amid concerns of Russia evading sanctions through cryptocurrency. Plus, a preview of CoinDesk’s upcoming “Mining Week” content.

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Factors Behind Bitcoin's 5% Spike Today

CoinDesk Market Analyst Damanick Dantes presents his BTC price analysis and outlook following the cryptocurrency's brief spike toward $42,000. Plus, breaking down the data on bitcoin's seven-day implied volatility versus realized volatility, and bitcoin's 90-day correlation to ether and overall crypto markets.

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Bitcoin Sees 'Bart Simpson' Pattern During Thinly Traded Asian Session

Bitcoin saw a quick rise and fall in a thinly traded market Wednesday. BTC price jumped from $39,120 to $41,700 in 30 minutes, only to fall back to $39,000, according to CoinDesk data. The sudden rise could stem from stop orders on short trades and ran into stronger selling pressure. "All About Bitcoin" host Christine Lee breaks down the latest "Bart Simpson" price pattern and more.

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EU Parliament Rejects Proposal Limiting Proof-of-Work Mining

The European Parliament has voted against a proposed rule that would have banned proof-of-work mining of cryptocurrencies like bitcoin across the European Union (EU). Patrick Hansen, head of Strategy and Business Development at Unstoppable Finance, discusses what this means for the state of crypto affairs in Europe and the world.

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BTC Implied Volatility Ticks Higher Ahead of Fed Meeting

Investors’ expectations for BTC price turbulence over the next four weeks, known as implied volatility, is creeping higher ahead of the Federal Reserve’s interest rate decision tomorrow. This is a sign that traders could be setting up options positions that would benefit from BTC price swings.

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