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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 Range-Bound; Support at $27K, Resistance at $33K
Technical indicators are neutral, and upside appears limited from here.
More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst
“It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program.
First Mover Americas: TRON Outperforms BTC and Crypto Takes a Lead Role at Davos
The latest moves in crypto markets in context for May 24, 2022.
Bitcoin Records Eighth Week of Losses, but Sentiment Indicator Suggests Upside
Sentiment indicators reached “rock bottom” on Monday amid a prominent fund manager calling for a retest of 2019’s price levels.
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity markets.
Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed
BTC declined by 2% over the past 24 hours, while Fantom's FTM token rallied by as much as 16%.
Bitcoin Holds Support at $27K-30K; Resistance at $35K
A brief relief bounce is likely, similar to what occurred in late February and late March.
Crypto Funds Shrink to Lowest Since 2021 Summer Bear Market
Investors pulled out some $143 million from digital asset funds as confidence in crypto is flailing.
When Will Bitcoin Break Out?
Bitcoin (BTC) continues to trade around $30,000 and is roughly flat over the past week. Dexterity Capital Head of Business Arpan Gautam discusses his crypto markets outlook and why we may see more sideways movement in BTC. Plus, insights into market participants and investing strategies.
