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



Markets

Mt. Gox Shuffles $2.4B Bitcoin Between Wallets as BTC Hovers Near $82K: Arkham

Trustees transferred over 30,000 BTC from “1FG2C…Rveoy” to “1Fhod…LFRT,” a new wallet, and $200 million to a Mt. Gox cold wallet.

Mark Karpeles (left), Former CEO of Mt. Gox, talking to CoinDesk's Sam Reynolds at Korea Blockchain Week on Sept. 4. (Parikshit Mishra/CoinDesk)

Markets

Bitcoin Smashes $79K in Bullish Weekend Pump, With $280M Bearish Bets Liquidated

Weekend pumps are considered bullish because they indicate broad interest and participation from smaller investors rather than just institutional players.

Bull Market (Kameleon007/Getty Images)

Markets

Why Bitcoin Will Soar Above Its Fresh Record: Van Straten

Even after breaking through $77,000 for the first time, bitcoin's price looks very likely to keep surging, CoinDesk senior analyst James Van Straten argues.

BTC: Net Realized Profit/Loss (Glassnode)

Markets

Ether Blows Past $3K, Builds Bullish Momentum After Trump's Election Win and Fed Rate Cut

ETH is on track to register its biggest weekly since May, but remains well below its record high.

Ether's price. (TradingView/CoinDesk)

Markets

Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

Cardano's ADA, Polygon's POL advanced 15% as the broad-market CoinDesk 20 Index outperformed BTC.

Bitcoin price on Nov. 8 (CoinDesk)

Markets

First Mover Americas: BTC in Price Discovery Mode Following Record High

The latest price moves in crypto markets in context for Nov. 8, 2024.

BTC price, FMA Nov. 8 2024 (CoinDesk)

Markets

Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Bitcoin could hit a new record high in two months. (Kurt Cotoaga/Unsplash)

Markets

Is $90K Bitcoin's Next Big Test? Trendline Analysis Reveals Insights Amid SOL/BTC Breakout: Godbole

Trendline drawn off BTC's April and November 2021 highs signals resistance at around $90,000.

A user tracks charts on an tablet with a keyboard and larger monitor in the background.

Markets

Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts

BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

(engin akyurt/Unsplash)

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