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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 Clings to $20K as Fed's Preferred Inflation Gauge Rises Less Than Expected
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Bitcoin Above $20K as GDP Increased at 2.6% Annual Rate in Q3
Bitcoin (BTC) is holding its ground above $20,000 as U.S. GDP accelerated at an annual rate of 2.6% in the third quarter. Eaglebrook Advisors Vice President of Research Joe Orsini joins “First Mover” to discuss his crypto outlook as the economy sees positive growth. Plus, insights on Meta's loss in revenue.
What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.
Crypto Markets Post Largest Short Liquidations Since July 2021
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