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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
El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says
The nation now has over 1,500 bitcoins and plans to issue a $1 billion, 10-year bitcoin bond this year.
Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk
Bitcoin is down about 40% from its all-time high, compared with a 10% decline in the Nasdaq 100 Index.
Crypto Trader Tantra to Liquidate After 'GBTC Discount' Widens to Record
The Grayscale Bitcoin Trust (GBTC) has been trading at a steep discount since last February, but a further widening proved too much for one trading firm.
Here’s Why Bitcoin Tumbled 11% in 24 Hours
Bitcoin is currently trading around 45% below its all-time high of $68,700.
Crypto Market Cap Falls Below $2T Amid Sell-Off
As bitcoin and ether breach $40,000 and $3,000 support levels, some altcoins are trading 60%-80% down from cycle highs.
Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.
Bukele's Bitcoin Is Not What Turkey Needs
El Salvador's President didn't mention bitcoin in his meeting with Erdogan - but it's not a cure for Turkey's monetary woes anyway.
Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Centralized liquidity appears to be dictating the market value of cryptocurrencies promising decentralization.
