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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
'Enormous Outflows' From Largest Bitcoin ETF May Have Triggered BTC Crash
The Canadian Purpose Bitcoin ETF lost half of its assets last Friday likely because of a huge liquidation, an Arcane Research analyst said in a note.
Bitcoin Holds Steady Above $21K Amid Stock Gains
Ether is also up over the past 24 hours, although analysts warn that the crypto rally is unlikely to last.
First Mover Americas: Altcoins Lead as BTC Struggles to Stay Above $21K
The latest moves in crypto markets in context for June 21, 2022.
Bitcoin Recovers to $21K, Traders Still Wary of Further Rally Due to Recession Fears
Analysts at Morgan Stanley and Goldman Sachs said in a note on Monday that recession risks were not “fully priced in.”
First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.
Market Wrap: Bitcoin Holds Above $20K Amid Light Trading
U.S. equity markets were closed in celebration of the Juneteenth holiday.
Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period.
First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday
A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the digital assets' ability to maintain those levels.
Bitcoin Rebounds Past $20K, Ether Soars Above $1,100
The price of bitcoin bounced 16.7% off of its Saturday lows. Ether followed with a 29% gain.
