Is Bitcoin Due for a Correction?
Crypto markets analyst Katie Stockton of Fairlead Strategies reviews the latest bitcoin data. Is BTC’s weakened momentum an indication for price correction?
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Apr 7, 2021 at 4:20 p.m. UTC
Apr 7, 2021
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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Bitcoin Dominance Nears 2-Year Low
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Key Takeaways From CoinDesk Q1 Crypto Report
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Apr 5, 2021 at 10:45 p.m. UTC
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