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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 Falls Below $43K, Leads to $800M in Crypto Liquidations
Over 87% of losses arose from crypto traders in long positions.
US Congress to Hold Oversight Hearing on Crypto Mining: Report
Lawmakers will look at mining’s effect on the environment.
First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release
The cryptocurrency drops almost 6%, and altcoins also fall.
Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks
BTC declines below $45K after the U.S. Fed points to a possible rate hike in March.
Bitcoin Falls to 1-Month Low as Fed Minutes Reveal Talks to Shrink Balance Sheet
A reduction in the balance sheet might undermine bitcoin’s appeal as an inflation hedge.
Bitcoin Steady Near $45K Support; Resistance at $53K
BTC is at the bottom of a month-long price range, and upside appears limited.
Now I Need Bitcoin: A Banking Breakdown in Mexico
Jeff Wilser discovers what it means to be unbanked and out of cash.
Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve
The miner plans to reach 3.35 EH/s of hashrate by the end of Q1 2022.
Chainlink Jumps While Bitcoin Stages Recovery
LINK hit resistance levels while major cryptocurrencies held support levels ahead of publication of the Fed’s minutes on Wednesday.
Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts
On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.
