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

Videos

Is Bitcoin Losing Its Bullish Momentum?

BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below the $200-plus moves seen earlier this year. The slump in variability is a sign the average has hit stall speed for the first time since October, indicating a pause or impending bearish trend change. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Sep 6, 2024

Podcasts

CoinDesk Markets Week in Review

By Helene Braun, Jennifer SanasieSep 6, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Podcasts

Galaxy’s $30m Offer to Rhodium, Bitmain’s ASIC Surplus, Bitcoin Mining (in Space!), and…Tokenized Nicotine?

By William FoxleySep 6, 2024

Wealth Optimization Strategies For Bitcoiners

Podcasts

Understanding September's Market Volatility

By Helene Braun, Jennifer SanasieSep 5, 2024

Markets

Bitcoin крутиться напередодні п’ятничного звіту про робочі місця, який може підштовхнути ФРС знизити ставки на 50 базисних пунктів

Центральний банк США повідомив, що почне знижувати ставку ФРС на своєму засіданні в середині вересня, але розмір і швидкість циклу пом’якшення залишаються предметом дебатів.

By Stephen AlpherSep 5, 2024