Bitcoin's Price Action Is Encouraging, But It May Not Signal Bottom: Traders
The cryptocurrency's price needs to trade above its 21-week moving average to confirm a bottom, one trader said.
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Dec 1, 2022 at 9:05 a.m. UTC
Dec 1, 2022
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 Asia: Bitcoin Rises Again on US Fed Chair's Moderate Remarks
ALSO: Sam Reynolds writes that the decision by shipping giant Maersk and IBM to wind down TradeLens highlights the failure of blockchain-based transparent ledgers, which once...
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Dec 1, 2022 at 3:30 a.m. UTC
Dec 1, 2022
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Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday.
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Nov 30, 2022 at 10:57 p.m. UTC
Nov 30, 2022
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Bitcoin Correlation With the Dollar Index Turns Negative, Again
Asset managers reduced long positions in BTC for a third consecutive week.
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Nov 30, 2022 at 9:20 p.m. UTC
Nov 30, 2022
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Crypto's Ugly November Draws to Close With ‘Sam Coins’ in Gutter, Bitcoin Down 18%
The FTT token, along with Serum's SRM and Solana's SOL, plunged amid the dramatic collapse of Sam Bankman-Fried's FTX exchange. Bitcoin had its worst loss in five months.
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Nov 30, 2022 at 7:06 p.m. UTC
Nov 30, 2022
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Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps
Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.
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Nov 30, 2022 at 7:02 p.m. UTC
Nov 30, 2022
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Bitcoin Is on 'Road to Irrelevance’: European Central Bank Staffers
Ulrich Bindseil, director general market infrastructure and payments at the European Central Bank (ECB), along with Adviser Jürgen Schaff, called the current price action in t...
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Nov 30, 2022 at 6:29 p.m. UTC
Nov 30, 2022
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Bitcoin Likely Bottoming at $12K Amid Continued Contagion Risks
DFD Partners President Bilal Little shares his outlook for a bitcoin (BTC) bottom before a rally up toward $22,000.
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Nov 30, 2022 at 4:52 p.m. UTC
Nov 30, 2022
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Bitcoin Nearing $17K Despite BlockFi Bankruptcy Filing
DFD Partners President Bilal Little discusses his outlook for bitcoin (BTC) as the cryptocurrency rises toward $17,000 despite ongoing concerns about FTX fallout and macroecon...
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Nov 30, 2022 at 4:44 p.m. UTC
Nov 30, 2022
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Bitcoin Custody Firm Casa to Add Ethereum Support
The addition is part of a major overhaul of the Casa app, which will be relaunched in January.
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Nov 30, 2022 at 2:00 p.m. UTC
Nov 30, 2022