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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
Market Wrap: Bitcoin Drops Below $19K Amid Ongoing Volatility
Macroeconomic uncertainty continues to hobble crypto prices.
What’s Next After Bitcoin Dips Below $19K?
CoinDesk’s Markets Managing Editor Brad Keoun discusses his outlook for bitcoin as the cryptocurrency remains in a range between $18,000 and $20,000. Plus, Tech Managing Editor Christie Harkin shares a preview of CoinDesk’s Education Week.
What's Behind Friday's Flash Crash?
Bitcoin (BTC) slips below $19,000 nearing 2022 lows and remains rangebound heading into the weekend. CoinDesk's Brad Keoun discusses the week's top stories driving BTC and the wider crypto markets lower. Plus, CoinDesk Tech Managing Editor Christie Harkin discusses THNDR Games launching Club Bitcoin: Solitaire and Bitcoin Lightning-enabled "listen-to-earn" podcast app Fountain Podcasts getting an upgrade.
Bitcoin Slips Below $19K in Choppy Trading Week
Bitcoin reversing gains made on Thursday where a 5% surge recorded BTC's best single-day return in two weeks, staying within the $18,000 to $20,000 range this week. Traditional markets also reeling back while the dollar surged to a new record valuation in foreign exchange markets. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
First Mover Americas: Bitcoin Hanging Tough as Stocks Slide
The latest price moves in crypto markets in context for Sept. 23, 2022.
First Mover Asia: As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K
The average yield one can expect for lending USDC via DeFi protocols is 0.98%; the current one-year Treasury bond is paying 4.08%.
Market Wrap: Bitcoin Holds Over $19K, Continues Wild Ride
Both bitcoin and ether saw wide swings in price over the past day.
Has Bitcoin’s Price Hit Bottom Yet?
Bitcoin (BTC) is trading sideways around $19,000, as central banks around the world continue to raise interest rates in a bid to tame inflation. Matt Weller, global head of research at Forex.com, joins “All About Bitcoin” to discuss if bitcoin has already hit bottom amid global recession concerns.