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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 Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises
The largest cryptocurrency by market capitalization saw three consecutive days of healthy gains end after Jerome Powell signaled that the U.S. Federal Reserve might accelerate the ending of its easy-money policies; ether approaches $4,800 before falling back.
Bitcoin Declined Below $58K; Support Between $53K-$55K
Bitcoin buyers failed to sustain Monday’s price bounce, although support around $53,000-$55,000 could stabilize the current pullback. The cryptocurrency has been down about 2% over the past 24 hours and roughly flat over the past week. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
MicroStrategy CEO Michael Saylor: 'BTC Will Be a $100T Market Cap Asset'
MicroStrategy is the largest corporate owner of bitcoin, now holding 121,044 BTC worth about $3.6 billion at an average purchase price of roughly $29,534 each. CEO Michael Saylor shares insights into his vision and buying strategy for bitcoin, discussing the potential impact of inflation and regulation. "I think eventually, bitcoin as an asset class becomes a $100 trillion asset class," Saylor said. "It replaces gold ... bond portfolios ... why can't it grow by a factor of 100?"
Market Wrap: Bitcoin Underperforms as Ether and Other Altcoins Rise
Ether was up about 5% over the past 24 hours compared to bitcoin’s flat performance.
$10M Yacht for Sale, DOGE Accepted
The owners of Italian-built Vianne, a 170-foot yacht, said prospective buyers would be able to buy the vessel with a 10% fiat deposit and the rest in crypto in bitcoin, ether, and dogecoin. It will also accept SOL, FTM, BNB, or "top tier" NFTs from the CryptoPunk or Bored Ape Yacht Club collections. "The Hash" squad discusses the latest signal of a broader embrace of crypto by the luxury goods industry.
Bitcoin Declined Below $58K; Support Between $53K-$55K
The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.
What’s Next as Bitcoin Recovers From Sell-Offs?
Bitcoin’s price momentum is starting to recover on the daily chart from last Friday, which saw its worst trading day since September. WisdomTree Head of Digital Assets Jason Guthrie shares insights into the possible catalyst behind Friday’s bloodbath.
Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed
Bitcoin slipped 2.5%, hitting lows of under $56,000, while the futures tied to the S&P 500 declined by 1.2%.
First Mover Asia: Bitcoin Rebound Continues Into Third Day Amid Lessening Omicron Fears
Ether and all but one other altcoin ranked among CoinDesk’s top 20 by market cap also rose.
Market Wrap: Bitcoin Bears Retreat as Traders Buy on Dips
Bitcoin is up about 6% over the past 24 hours. Analysts expect short-term price gains.
