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 Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

Wealth management industry globally is very light in both bitcoin and gold, one observer said.

Bitcoin funds (ByteTree)

Markets

First Mover Asia: Bitcoin Dips Below $25K as Market Worries About Liquidity

ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.

Decentralized derivatives platforms have a liquidity problem, Sam Reynolds writes. (Unsplash)

Markets

Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors

BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark.

(Javier Ghersi/Getty Images)

Markets

Trading Ranges for Bitcoin, Ether Reflect Diverging Views About the Assets

Bitcoin’s higher low suggests investors in the largest crypto by market value are upbeat, but ether’s increased trading range compared to the previous days may reflect bearish concerns.

(Getty)

Markets

Evaluating Bitcoin as a Store of Value

Two on-chain metrics, realized capitalization and holding trends, demonstrate belief in bitcoin as a store of value (SoV).

(Filippo Andolfatto/Unsplash)

Markets

First Mover Americas: Bitcoin Falls Back to Below $25K

The latest price moves in crypto markets in context for March 15, 2023.

Bitcoin's 24-hour price chart

Markets

Bitcoin Options Market Still Afraid of USDC Volatility

The options market is still valuing options that settle in the underlying rather than in USDC at a relative premium because of concerns of another depeg, one observer said.

(Archive)

Markets

Bitcoin Isn’t Trading as a Currency but as a Speculative Asset: Morgan Stanley

The cryptocurrency isn’t isolated from the traditional banking system, and its price is supported by U.S. dollar liquidity, the report said.

(Dylan Calluy/Unsplash)

Markets

Bitcoin, Ether Volatility Stuns Bears and Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis

Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.

La volatilidad de bitcoin y ether está haciendo tambalear tanto a alcistas como bajistas. (Matt Hardy/Unsplash)

Markets

First Mover Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes

ALSO: Two prominent crypto executives suggest the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships.

(Shutterstock)

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