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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
First Mover Americas: Crypto Markets Stay Down Following SEC Suing Binance
The latest price moves in crypto markets in context for June 6, 2023.
Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.
First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets
ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko.
First Mover Americas: Is Bitcoin Heading Below $26K?
The latest price moves in crypto markets in context for June 5, 2023.
Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience
ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.
