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



Markets

Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan

Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

(Shutterstock)

Markets

Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October

Data from crypto exchanges OKX and Binance, popular with retail traders, show subdued activity relative to the bull markets of 2021 and 2022 and less even than the 2019-2020 bear market.

Trading (Pixabay)

Markets

Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit

The $100,000 call is the most popular bitcoin option on Deribit.

BTC Options: Distribution of open interest across all expirations. (Deribit)

Markets

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

The firm now holds over 500 bitcoin after a first tranche of purchases in April.

Japan (Su San Lee/Unsplash)

Markets

Cryptocurrencies Continue to Outperform the Stock Market: Canaccord

A potential bitcoin rally could start between now and April if the crypto follows historical patterns post halving, the report said.

stepwise increasing stacks of coins pictured against a chart of rising price candles

Markets

Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines

The yen losses suggest the market is not worried about Ishiba's hawkish image and potential for faster BOJ rate hikes, offering positive cues to risk assets, including BTC.

Japanese Yen. (Shutterstock)

Markets

Bitcoin Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election

Despite October being a historically strong month for crypto assets, options traders expect further downside over the next few weeks, with a rally coming post-election, Wintermute said.

Bitcoin price on 09 30 (CoinDesk)

Markets

Bitcoin Retail Activity Remains Low Despite Recent Rally

Big upticks in retail interest are commonly thought to be a topping indicator, so the current relative lack of involvement could hint at potential further price increases.

BTC: Total Transfer Volume (Glassnode)

Markets

MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC

The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)

Markets

Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei

Overbought conditions also surely played a role in bitcoin's Monday decline.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

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