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 Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election
Despite October being a historically strong month for crypto assets, options traders expect further downside over the next few weeks, with a rally coming post-election, Wintermute said.
Bitcoin Retail Activity Remains Low Despite Recent Rally
Big upticks in retail interest are commonly thought to be a topping indicator, so the current relative lack of involvement could hint at potential further price increases.
MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC
The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.
Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei
Overbought conditions also surely played a role in bitcoin's Monday decline.
First Mover Americas: Bitcoin Drops 3%, Still on Track for Best September Since 2013
The latest price moves in crypto markets in context for Sept. 30, 2024.
'Overbought' Bitcoin Drops Below $64K as ISM Manufacturing Data Looms: 10x Research
The U.S. data, due Tuesday, has triggered 10% price drops in the first week of the past three months, 10x Research said.
Bitcoin’s Bearish September May Be Its Best Since 2013 Ahead of Bullish October
BTC is close to ending September up 9%, its best since 2013, ahead of a seasonally bullish October.
Bitcoin Bulls Eye $75K and Higher as BTC Registers Three-Week Winning Streak
BTC has registered its first three-week winning trend since February.
MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin
The T-REX 2X Long MSTR Daily Target ETF (MSTU) took in $72 million in the first week of trading, according to data by Bloomberg Intelligence.
Bitcoin FOMO Is Back: $70K and Then New Record Highs in Sight, Says Analyst
A $10 billion surge in stablecoin minting over the past weeks has flooded the crypto market with liquidity, 10X Research's Markus Thielen noted.
