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



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Levels to Watch for Bitcoin as FTX Fallout Continues

Amberdata Director of Derivatives Greg Magadini discusses his bitcoin analysis and outlook amid the stunning collapse of crypto exchange FTX and its former CEO Sam Bankman-Fried. Plus, reactions to BlockFi reportedly preparing for possible bankruptcy, and Japanese crypto exchange Liquid Global halting withdrawals.

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Bitcoin Liquidity on Exchanges Falling Amid FTX Collapse

Bitcoin is rising from the depths of red to regain its foothold snugly above $16,000. Its liquidity on major exchanges has deteriorated significantly in the wake of FTX's collapse, with market depth falling to a five-month low of 7,000 BTC. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Ledger Sees Crypto Cold Storage Sales Surging, CEO Says

Pascal Gauthier, CEO of cold wallet maker Ledger, discusses his take on the fallout of digital asset exchange FTX and why he expects interest in cold storage wallets to rise. Plus, the impact of FTX's implosion on bitcoin and the wider crypto industry.

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Bitcoin Flirts With $17K as New Report Hints Inflation May Be Easing

Bitcoin (BTC) is trading steadily right below the $17,000 level, as the Producer Price Index for final demand increased 0.2 percent in October. ConsenSys Head Economist Lex Sokolin discusses the U.S. latest economic data and his crypto market analysis as investors grapple with the impact of FTX filing for bankruptcy.

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Mercati

Collapse of Crypto Exchange FTX Sees Long-Term Bitcoin Holders Shift to Distribution

A sustained decline in bitcoin owned by long-term holders may mean a widespread loss of conviction, Glassnode said.

Bitcoin long-term holders have shifted to distribution in the wake of FTX's collapse. (spiceteller/Pixabay)

Mercati

Renewed Bitcoin Market Swoon Has Put Price Support At $13K in Crosshairs: Technical Analysis

Bitcoin has now broken below $18,000, which was an area of support in recent weeks. The next levels to watch are $13,500 and $12,500, analysts at Morgan Stanley said.

La nueva caída de bitcoin llevó a los analistas de Morgan Stanley a enfocarse en una zona de soporte de US$13.000. (Morgan Stanley)

Mercati

First Mover Asia: Bitcoin, Ether Rise Late Despite FTX Fatigue

ALSO: Sam Reynolds considers the advantages of licensed custodians as the crypto industry wrestles with the fallout from crypto exchange FTX's implosion.

Arrow Up (Unsplash)

Mercati

Sam Bankman-Fried’s Unceremonious Exit Leaves ‘Alameda Gap’ in Crypto Markets

The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko.

Los mercados cripto registraron más de US$700 millones en liquidaciones de operaciones en corto. (Pixabay)

Mercati

Market Wrap: Bitcoin Holds Steady Through FTX Gloom

Most other major cryptos were trading in the green, albeit barely so.

The FTX gloom continued, but bitcoin held steady above $16K. (Ian McGrory/Unsplash)

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AdvisorShares CEO on Bitcoin’s Bottom, FTX Collapse

AdvisorShares CEO Noah Hamman joins "All About Bitcoin" to discuss whether bitcoin (BTC) has hit bottom amid crypto exchange FTX's rapid collapse. Plus, his crypto investing strategies as the industry learns its lessons from the FTX fallout.

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