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: When Are We Going to See a Breakout?

Trade the Chain Senior Research Analyst Nick Mancini on bitcoin's price and whether a bullish breakout is imminent. "Bitcoin is on a greener path, although we are still going to see a lot of resistance as we work our way up to $40K," he said.

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Bitcoin Sticking to Descending Trendline?

Bitcoin is trading lower after a brief 5% bounce on Sunday. The cryptocurrency is testing the $35K resistance and could find support around $30K, which is the bottom of a month-long trading range. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Analysts: This Bear Market May Not Last Long

Cryptocurrency markets will likely stay under sell pressure for the next few weeks, but data points indicate this bear may be short-lived. “We are in the middle of a bull market cycle that is punctuated by a temporary bear market,” host Adam B. Levine says.

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Billionaire Ricardo Salinas Pliego Says His Bank Is Working to Be First Lender in Mexico to Accept Bitcoin

Billionaire and noted bitcoin bull Ricardo Salinas Pliego revealed he is working to make his bank, Banco Azteca, the first lender in Mexico to accept bitcoin. “The Hash” team continues the ongoing conversation around Latin America’s booming institutional interest for cryptocurrencies and the implications for financial access.

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Are We in a Bear Market; How Long?

"We can't use the old equity benchmark, a 20% pullback from recent highs, to determine if we're in a bear market," GlobalBlock's Grant Whitlock says on "First Mover," pushing back the argument that we are in a bear market following the recent price drops for bitcoin. "You're talking about a product that can move 20% in a day," he added. Bitcoin now bounces back 15% after falling below $30K, battling resistance in the $37-37K range. Are we out of the woods yet? What's next?

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Key Indicator Shows Capital Beginning to Flow Back Into Bitcoin

The stablecoin supply ratio oscillator, which has historically marked major price bottoms, is showing renewed flow of capital into bitcoin. CoinDesk's Christine Lee breaks down the Chart of the Day.

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Why the Crypto Markets Might Take Another Dive Next Week

CoinDesk Managing Editor of Technology Christie Harkin joins "All About Bitcoin" host Christine Lee to explore what to expect next week in the crypto markets, where the miners might be heading following China's crypto ban and why we may see some short-term downside.

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The Problem With El Salvador’s Bitcoin Law, Effective September 7

Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).

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El Salvador: Watershed Moment for Crypto as Bitcoin Becomes Legal Tender This September

Bitcoin will officially become legal tender in El Salvador beginning September 7, and any citizen who signs up for the digital wallet “Chivo” will receive $30 worth of the cryptocurrency. “The Hash” hosts discuss El Salvador’s bitcoin currency rollout and why this is a watershed moment for the digital asset space.

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How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?

Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.

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