Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst
Barring a big late move, May will still go down as a strong month for the world's largest crypto.
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May 31, 2024 at 3:47 p.m. UTC
May 31, 2024
Bitcoin
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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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First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data
The latest price moves in crypto markets in context for May 31, 2024.
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May 31, 2024 at 12:09 p.m. UTC
May 31, 2024
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Bitcoin's Short Term Momentum Flips Bearish; Support Under $65K
The 50-day simple moving average marks major support at $64,870.
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May 31, 2024 at 11:01 a.m. UTC
May 31, 2024
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Bitcoin Is Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says
Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.
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May 31, 2024 at 7:46 a.m. UTC
May 31, 2024
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Live from Consensus 2024 | Market Focus From East to West
Tom Farley, CEO of Bullish, discusses the excitement and anticipation surrounding the Consensus conference and the future of APAC markets.
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May 30, 2024 at 10:34 p.m. UTC
May 30, 2024
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Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish
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May 30, 2024 at 1:54 p.m. UTC
May 30, 2024
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First Mover Americas: Crypto in the Red Ahead of Friday's U.S. Inflation Data
The latest price moves in crypto markets in context for May 30, 2024.
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May 30, 2024 at 12:01 p.m. UTC
May 30, 2024
Live from Consensus 2024 | Coexistence of Crypto and Traditional Finance
The growth and focus of the ONYX Team at JP Morgan with their CEO and Co-Head of Global Payment Sales, Umar Farooq.
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May 29, 2024 at 9:45 p.m. UTC
May 29, 2024
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Bitcoin Mining Post-Halving
Future of Bitcoin Mining 2024 with Shannon Squires, Chief Mining Officer at Compass Mining.
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May 29, 2024 at 4:25 p.m. UTC
May 29, 2024
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NYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Crypto
CoinDesk Indices' XBX is currently the benchmark for $20 billion in ETF assets under management.
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May 29, 2024 at 12:35 p.m. UTC
May 29, 2024