Market Wrap: Cryptocurrencies Rally as Short Sellers Exit Positions
The upturn comes despite regulatory risks.
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Oct 1, 2021 at 9:16 p.m. UTC
Oct 1, 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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BTC Dominance Declining Since 2019
A sneak peak at one of the charts in CoinDesk’s Q3 crypto markets analysis report reveals bitcoin’s dominance, the measure of BTC market capitalization, compared to the market...
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Oct 1, 2021 at 8:06 p.m. UTC
Oct 1, 2021
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Will Bitcoin’s Bull Run Continue Next Week?
Bitcoin is up 9.13% on the day as institutions outside the U.S. have reportedly turned more bullish, but will the rally continue? CoinDesk’s Christie Harkin discusses what to...
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Oct 1, 2021 at 8:06 p.m. UTC
Oct 1, 2021
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Crypto Community Continues Reacting to China’s Sweeping Crypto Ban
With continuing fallout from China, CoinDesk’s Christie Harkin reviews the week’s events out of China that potentially impacted the price of bitcoin and the wider crypto marke...
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Oct 1, 2021 at 8:06 p.m. UTC
Oct 1, 2021
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‘Coinbase Premium’ Indicates Whales on Binance May Be Behind Bitcoin’s Rally
Institutions outside the U.S. have turned more bullish, according to trading data.
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Oct 1, 2021 at 7:05 p.m. UTC
Oct 1, 2021
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Bitcoin in Afghanistan
As Afghanistan plunges into financial turmoil following last month’s Taliban takeover, the appeal of cryptocurrency is rising. According to an August Chainalysis report, the c...
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Oct 1, 2021 at 6:54 p.m. UTC
Oct 1, 2021
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Are Terrorist Groups Using Cryptocurrency in Afghanistan?
What role will crypto play in Afghanistan’s future? Alex Zerden, founder of Capitol Peak Strategies and former Treasury Dept. attache to the U.S. embassy in Kabul, takes us in...
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Oct 1, 2021 at 6:54 p.m. UTC
Oct 1, 2021
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From a DeFi Summer to the Explosive Growth of Bitcoin: A Year in Retrospect
“Money Reimagined” one-year “podiversary,” with Raoul Pal and Jill Carlson
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Oct 1, 2021 at 6:23 p.m. UTC
Oct 1, 2021
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Bitcoin Rallies Above $47K, Resistance at $50K
Technical indicators show improving upside momentum.
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Oct 1, 2021 at 3:02 p.m. UTC
Oct 1, 2021
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What’s Behind Bitcoin’s Rally?
Bitcoin returned above $47,000 for the first time in two weeks, indicating strong demand from short-term buyers, but why is upside momentum improving? Ben Cruikshank, Head of...
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Oct 1, 2021 at 2:43 p.m. UTC
Oct 1, 2021