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

Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit

Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Markets

Bitcoin ETF Excitement Drives Wall Street Giant CME Above Binance in BTC Futures Rankings

CME's rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.

Top exchanges by bitcoin futures open interest (CoinGlass)

Markets

Ether Surges to 7-Month High, Outshines Bitcoin on BlackRock ETF Plans; Altcoins Plunge

Bitcoin hit an 18-month high near $38,000 before pulling back sharply.

ETH price (CoinDesk)

Opinion

2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?

We were full of “irrational exuberance” in November 2021.

Is bitcoin heading into another macro-fueled bubble? (Zdeněk Macháček/Unsplash)

Markets

Wild Bitcoin, Ether Price Swings Spur $400M of Crypto Liquidations, the Most Since August

BTC and ETH both surged to milestone levels amid bitcoin ETF optimism, but some shorts and longs got badly burned.

Crypto liquidations per asset (CoinGlass)

Markets

First Mover Americas: Bitcoin Tops $37K

The latest price moves in crypto markets in context for Nov. 9, 2023.

(CoinDesk)

Markets

Exploring The Two 'Overlooked' Bullish Tailwinds for Bitcoin

As the spot ETF narrative hogs the limelight, the U.S. Treasury's recent decision to slow the pace of bond sales and worsening economic and geopolitical issues silently support the bullish case in bitcoin.

A user tracks charts on an tablet with a keyboard and larger monitor in the background.

Markets

Bitcoin Call Skew Hints at Further Price Rise as Spot ETF Optimism Energizes BTC

The one-month call-put skew has risen above 10%, indicating a strongest bullish bias in 31 months.

Bitcoin one-month call-put skew (Amberdata)

Markets

Bitcoin Tops $37K for First Time Since May 2022 as Short Squeeze Bumps Prices Amid BTC ETF Optimism

Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.

El estrangulamiento de posiciones cortas impulsó las ganancias en altcoins. (Bella H./Pixabat)

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