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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 Rises Above $43K; Resistance at $45K-$48K
The sell-off appears exhausted as buyers attempt to reverse a short-term downtrend.
Bitcoin, Inflation and the Expectations Game
For stocks, new data is often already "priced in." For bitcoin, it seems, things are different.
US Inflation Rose to Nearly Four-Decade High of 7% in December
The consumer price index is closely watched by bitcoin investors who view the cryptocurrency as a hedge against inflation.
Bitcoin's Options Market Trims Bearish Bias as US Inflation Report Looms
Bitcoin's put-call skews recede, signaling waning demand for downside protection.
Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out
Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.
Short Traders Lose $82M as Bitcoin Bounces to $43K
A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.
Market Wrap: Bitcoin and Equities Stabilize as Sentiment Improves
Buyers are starting to return, at least over the short term.
Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High
Tighter Fed monetary policy could put more downward pressure on risky assets from stocks to cryptocurrencies.
Bitcoin Rises From Oversold Levels, Faces Resistance Near $45K
Short-term buyers could remain active into the Asia trading day.
