Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

﻿﻿On February 9, 2026, the global crypto community is still reeling from the details of a catastrophic technical error at Bithumb, South Korea's leading digital asset platform.

Bithumb's $43 Billion Nightmare: The Day "Ghost Bitcoin" Flooded South Korea

Cango is the latest publicly traded Bitcoin miner to embrace AI, and it's fueling that push by selling a bunch of Bitcoin.

Bitcoin Miner Cango Dumps $305 Million in BTC to Fuel AI Pivot

On the afternoon of Feb. 9, bitcoin rebounded to near $71,000 after dipping to $68,285. The recovery followed an announcement by Strategy that it had purchased 1,142 bitcoins for $90 million, while Binance added 4,225 bitcoins to its secure asset fund for users (SAFU).

BTC Reclaims $70,000: Analyst Eye $180K Target as Bitcoin Flushes Excess Speculation

Bitcoin Magazine Bitcoin Rebounds from $60K Capitulation Low, Eyes $74,500 Resistance This Week Bitcoin staged a strong recovery from $60,000 support last week after heavy selling, closing near $70,315 with MRI buy signal flashing – key levels to watch include $71,800 resistance and $57,800 deeper support. Bitcoin Rebounds from $60K Capitulation Low, Eyes $74,500 Resistance This Week Ethan Greene - Feral Analysis and Juan Galt.

Bitcoin Rebounds from $60K Capitulation Low, Eyes $74,500 Resistance This Week

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Bernstein reaffirms $150K price target citing ‘weakest bitcoin bear case in history,' Strategy buys another 1,142 BTC, and more

Fears around quantum computing breaking Bitcoin (CRYPTO: BTC) are overstated as the practical threat is distant, limited in scope, and manageable through gradual protocol upgrades, according to a new research report by CoinShares. Quantum Risk Is Long-Dated And Narrow Only about 10,200 BTC, held in a small number of large legacy Pay-to-Public-Key (P2PK) addresses, could pose a meaningful market risk if compromised, CoinShares noted in its report.

3 Reasons Why The 'Bitcoin Quantum Threat' Is Overstated: Report

Bitcoin (BTC) fell to a low of $59,930 before recovering above the $68,000 support.

Coinidol.com: Bitcoin Risks Hitting the $53,000 Bottom Price

CoinShares noted that the market may have reached an ‘inflection point' as outflows from Bitcoin investment products slowed.

Bitcoin Funds Shed $264M Last Week, Alts Reverse Negative Trend

"What we are experiencing is the weakest bitcoin bear case in its history," wrote Bernstein's Gautam Chhugani.

Bitcoin shakes off early decline, returns to $70,000 as Bernstein reiterates $150,000 outlook

Bitcoin's (CRYPTO: BTC) investor base is undergoing a steady transition as early retail holders distribute supply to institutions, wealth managers, and traditional finance clients. The Surprising Decline Of Retail Investors According to Bitwise's Ishmael Asad, early retail investors played a critical role in turning Bitcoin from a niche cypherpunk idea into a global asset.

Retail Is Selling Bitcoin, But Who's Buying At $70,000?

South Korean regulators are investigating Bithumb after its accidental $43 billion Bitcoin handout to customers last week.

Investigators Circle as Bithumb Reveals Compensation Plan for $43 Billion Bitcoin Error

The analyst framed some bitcoin mining sites as infrastructure assets, lifting CIFR and WULF shares while MARA lags.

Cipher Mining and TeraWulf are buys, MARA a sell, as Morgan Stanley begins bitcoin miner coverage

President Donald Trump did order a bitcoin reserve, but it doesn't yet exist, even as the CNBC host says the feds will start filling it when bitcoin hits $60,000.

U.S. government isn't poised to sweep in with bitcoin buys, despite Jim Cramer rumor

Bitcoin Magazine Bernstein Calls Current Bitcoin Selloff the ‘Weakest Bear Case in History,' Reaffirms $150K Target for 2026 Bernstein reiterated a bullish view of bitcoin, calling the current bitcoin price downturn “weak” and they reiterated a $150,000 price target by the end of 2026. Bernstein Calls Current Bitcoin Selloff the ‘Weakest Bear Case in History,' Reaffirms $150K Target for 2026 Micah Zimmerman.

Bernstein Calls Current Bitcoin Selloff the ‘Weakest Bear Case in History,' Reaffirms $150K Target for 2026

Ethereum

Solana

Institutional investors just sold an overall total of $264 million in Bitcoin in one week, according to a new update from Coinshares. The digital asset firm says the outflows are a sign of stabilization after weeks of major outflows.

Institutional Investors Sell $264,000,000 in Bitcoin in One Week As Solana, XRP and Ethereum Inflows Return: CoinShares

Bitcoin giant Strategy spent another $90 million on BTC last week, but the leading cryptocurrency's decline has put its holdings underwater.

Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater

Bernstein reiterated its $150,000 Bitcoin (CRYPTO: BTC) price target for 2026, calling the current downturn the “weakest bear case” in the asset's history and arguing the 50% crash reflects a confidence crisis rather than structural damage. The Weakest Bear Case Ever Bernstein analysts led by Gautam Chhugani said this downturn is unlike previous Bitcoin crashes because nothing actually failed according to the Block.

Bitcoin To Hit $150,000 In 2026 Since 'Nothing Blew Up,' Bernstein Argues

Bitcoin Magazine Bitcoin Miner Cango Sells Millions in Bitcoin to Cut Debt and Fund AI Expansion Bitcoin miner Cango said it sold 4,451 Bitcoin over the weekend for net proceeds of about $305 million. Bitcoin Miner Cango Sells Millions in Bitcoin to Cut Debt and Fund AI Expansion Micah Zimmerman.

Bitcoin Miner Cango Sells Millions in Bitcoin to Cut Debt and Fund AI Expansion

The company plans to deploy modular GPU units across 40+ global sites to provide on-demand AI inference capacity for small and mid-sized businesses.

Bitcoin miner Cango sold $305 million of BTC during market slump to fund AI shift

Bitcoin's (CRYPTO: BTC) historic sell-off that bottomed at $60,000 was not driven by crypto panic or ETF buyers exiting their position, but rather by forced deleveraging in traditional markets. How Deleveraging In Stocks Influenced Crypto Prices According to Bitwise Invest advisor Jeff Park, Bitcoin has become highly correlated with software stocks and other risk assets, which were hit during a statistically extreme drawdown for multi-strategy funds.

The Real Reason Behind Bitcoin's Brutal Sell-Off To $60,000

Cango Inc. sold 4,451 bitcoin over the weekend as miners across the sector face mounting pressure from low prices, thin margins, and falling mining revenue. Cango Dumps 4,451 BTC to Cut Debt On Monday, Cango Inc.

Cango Sells 4,451 BTC as Miner Selling Adds Pressure to Bitcoin in 2026

Strategy (NASDAQ:MSTR) on Monday announced it had bought 1,142 Bitcoin (CRYPTO: BTC) at $78,815 average price for $90 million between February 2 and February 8. The Latest Bitcoin Purchase Strategy's acquisition was funded by selling 616,715 shares of Class A common stock that generated $89.5 million in net proceeds.

Strategy Buys 1,142 Bitcoin At An Average Price Of $78,815

Bitcoin Magazine Strategy (MSTR) Adds 1,142 Bitcoin for $90 Million as Bitcoin Trades Near $69,000 Strategy bought another 1,142 bitcoin for about $90 million at an average price of $78,815 per bitcoin. Strategy (MSTR) Adds 1,142 Bitcoin for $90 Million as Bitcoin Trades Near $69,000 Micah Zimmerman.

Strategy (MSTR) Adds 1,142 Bitcoin for $90 Million as Bitcoin Trades Near $69,000

Cango sold 4,451 BTC for about $305 million to repay a bitcoin-backed loan and support its AI infrastructure push.

Bitcoin miner Cango sells 4,451 BTC to strengthen balance sheet, back AI push with $305 million proceeds

On Monday, Strategy founder Michael Saylor disclosed that his bitcoin treasury firm has once again topped up its balance sheet with an additional allocation of bitcoin, staying perfectly on brand while signaling steady conviction.

News for Bitcoin Crypto (BTC)