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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
Hard Times in Crypto Lead to Price and Macro Risk
Just the first in a series of risks we’re thinking about during these crypto down days.
Crypto Market Tumbles as Bitcoin Breaks Previous Cycle's Highs
Bitcoin’s price fell well below $19,783, the all-time high it notched in December 2017.
Bitcoin Plunges Below $20K for First Time Since December 2020; Ether Drops Below $1K
The continuing plunge in traditional financial markets and panic about crypto lending platforms sent Bitcoin into the teens for the first time in more than 18 months.
Market Wrap: Bitcoin Heads for Worst Week in Year
The latest crypto news and headlines for Friday, June 17.
Bitcoin Recovers Over $21K as Fed Commits to Slow Inflation; Traders Remain Cautious
Chair Jerome Powell said the central bank remains committed to reducing inflation ,and increased interest rates by 75 basis points earlier this week.
First Mover Asia: When Crypto Rebuilds After This Cold Winter, Firms Like Three Arrows Capital Won't Have a Place; Bitcoin Sinks Toward $20K
The crypto hedge fund, which has been one of the industry’s most prolific investors in new protocols and is also a large borrower, is facing $400 million in liquidations on its positions; ether drops 13%.
Bitcoin Turbulence May Be in 'Darkest' Phase: Report
Bitcoin is entering a phase consistent with deep bear-market cycles this week, according to Glassnode. “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Market Wrap: Bottom Has Not Been Reached for Crypto, but Capitulation Is Needed
The rally in bitcoin and other major cryptocurrencies after the Fed meeting on Wednesday proved short-lived.
First Mover Asia: Celsius Risks Triggered Crypto Crash, Says Huobi Group CFO; Bitcoin Wobbles but Doesn't Break Post-Rate Hike
Lily Zhang told CoinDesk the lending platform's problems were ill-timed following the collapse of the terraUSD stablecoin, and crypto prices could decline further; major altcoins regain ground.
