Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It enables peer-to-peer transactions without the need for a central authority or intermediary, such as a bank or payment processor. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin is designed to be secure, transparent, and resistant to censorship. It operates on a fixed supply model, with a maximum limit of 21 million coins that can ever be mined. As the first cryptocurrency, Bitcoin has paved the way for thousands of other cryptocurrencies and has established itself as a significant asset class in the financial market, often referred to as “digital gold” due to its perceived value and scarcity.
Bitcoin faces a test of resilience amid global economic shifts, impacted by U.S. tariff announcements under President Trump. Bitcoin’s price has fallen over 15% in recent months, challenging its reputation as a digital safe haven. On-chain metrics indicate reduced selling pressure, though resistance levels remain between $85,257 and $95,300. Market analysts predict erratic price movements…
Bitwise has launched innovative ETFs focused on Bitcoin-linked equities, utilizing a covered call strategy to capitalize on market volatility. The ETFs—$IMST, $IMRA, and $ICOI—target unique sectors: corporate treasuries, Bitcoin mining, and critical infrastructure, respectively. These funds generate monthly income by writing out-of-the-money calls, maintaining long positions to offer yield in high-volatility environments. The strategy provides…
Market Analysis of Bitcoin’s Volatile Movements Bitcoin (BTCUSD) faced a tumultuous start on December 10, raising concerns of a potential downward trend as the price fell below $96,000. The cryptocurrency experienced a brief surge up to $98,000, but market bulls seemed to exhaust themselves, resulting in nearly a 2% decline in daily values. A well-known…