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
Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Point Since May
A slump in miner reserves indicates potential selling pressure, according to CryptoQuant.
First Mover Americas: Bitcoin Set to Ring in the New Year Up Nearly 160%
The latest price moves in crypto markets in context for Dec. 29, 2023.
Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months
Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term.
Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant
Bitcoin could fall to as low as $32,000 next month if an ETF is approved.
First Mover Americas: MicroStrategy Buys More BTC and ARK Invest Buys BITO
The latest price moves in crypto markets in context for Dec. 28, 2023.
A Record $11B Crypto Options Expiry Looms as BTC Shows Little Volatility
The expiry is Deribit's largest so far and a record of almost $5 billion of options will expire in the money.
Stock of Bitcoin's Biggest Public Holder Is Overvalued by 26%, Analyst Who Predicted BTC Rally Says
Early investors in MSTR can consider taking profit as shares appear overvalued and could fall by 20%, according to 10x Research.
