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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
Bitcoin Retreats From $35K; Miner Selling Pressure May Cap Prices, Crypto Hedge Fund Says
BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said.
All of a Sudden, It’s All About Bitcoin
Bitcoin's tech development is buzzing with innovations that could help it keep pace with Ethereum
Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype
While most observers tie bitcoin's recent strength to the anticipation of a spot ETF approval, some analysts offer alternative explanations to the crypto's rise.
First Mover Americas: Bitcoin Retreats Slightly; FTX Receives Bids for Restart
The latest price moves in crypto markets in context for Oct. 24, 2023.
Bitcoin Hovers Over $34K as BlackRock IBTC Ticker Euphoria Fades Out
Growth among most crypto majors seemed to lull as traders likely took profits on gains since the start of this week.
Crypto Fear & Greed Index Hits Highest Since November 2021
The index, coupled with an overbought reading on the RSI indicator, suggests bitcoin's bull run might take a breather.
Bitcoin’s Rise Fueled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport
While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.
Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.
