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.

The exchange quietly filed a request with the U.S. Securities and Exchange Commission (SEC) that experts say will be a game-changer if approved. While America Ate Turkey, Nasdaq Placed a Bold Bet on Bitcoin Bitcoin slowly crept up to $92,000 on Thanksgiving Day, but few understood why.

Nasdaq's Bold Bitcoin Bet on the Eve of Thanksgiving That No One Noticed

According to onchain data, SpaceX shuffled its bitcoin once more today, sending funds to two separate wallets. The move was spotted by onchain analyst Sani's timechain bot, which flagged the company's latest hop of 1,163 BTC. SpaceX's last bitcoin (BTC) shuffle came just a month ago, and on Nov.

Elon Musk's SpaceX Ignites Chatter With Another Bitcoin Transfer to New Wallets

Ethereum

Solana

Bitcoin and ether exchange-traded funds (ETFs) closed the day in the green, posting combined inflows of more than $80 million, while solana's multi-week inflow streak came to a sudden halt. A sharp exit from one major SOL product outweighed otherwise healthy demand across the sector.

Crypto ETFs Split: Bitcoin and Ether Rise as Solana Sees Sharp Exit

Large holders are crowding the exits, according to Cryptoquant's researchers, who say bitcoin, ethereum, and a wide slate of altcoins are seeing a decisive jump in exchange deposits as prices weaken. Report Signals Caution as Big Players Trim Exposure A new report, published on cryptoquant.

From BTC to Altcoins, Cryptoquant Says Exchange Deposits Highlight Market Strain

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

The Daily: Upbit suffers $37 million hack, SpaceX moves over $100 million in bitcoin, Infinex plans token sale on Sonar, and more

A historically reliable bottom signal appears after bitcoin's 35% correction.

Hash Ribbon Flashes Signal That Often Marks Cyclical Bottoms for Bitcoin Price

Bitcoin (CRYPTO: BTC) just delivered another chapter in the long-running Wall Street meme that refuses to die: when Jim Cramer turns bearish, traders pile in the other way. Days after Cramer publicly warned on CNBC that the recent bounce in crypto "makes no sense" and flagged fragility in leveraged positioning, Bitcoin has pushed sharply higher — rallying from around $85,973 on Nov. 21 to roughly $90,473 this week, a gain of about 6.8% over the past five days.

Bitcoin Surges After Cramer's Bearish Call — Inverse-Cramer Strikes Again

Large holders return to buying after months of distribution, signalling renewed confidence at key support levels.

Bitcoin Whales Return to Buying for the First Time Since August as Price Recovers Above $90K

Bonk

Investors can now trade Solana meme coin BONK as a regulated product on Switzerland's largest stock exchange.

Bonk Teams Up With Bitcoin Capital to Launch ETP in Europe

Bitcoin is flirting with fresh highs, trading between $90,658 to $91,394 after brushing up against a $91,849 peak in the past 24 hours. With a market capitalization of $1.823 trillion and a roaring 24-hour trading volume of $77.

Bitcoin Price Watch: Momentum Builds Below Resistance

The bitcoin price has bounced from a recent low of $80,000 per bitcoin, helped by a major update for BlackRock's bitcoin ETF

It's ‘Finally Here'—‘Massive' BlackRock Bitcoin ETF Update Helps Price Suddenly Soar

Blockrise secures a Markets in Crypto-Assets Regulation license, positioning itself as a regulated bitcoin-only platform across the European Union. Rotterdam-based Blockrise, a Dutch bitcoin startup, has been granted a license by the Dutch Authority for the Financial Markets (AFM) under the new European Markets in Crypto-Assets Regulation (MiCAR).

Dutch Bitcoin Asset Manager Blockrise Obtains MiCAR License for European Expansion

Bitcoin and ether surged following Wednesday's tech-led equities rebound, while derivatives flows signal growing optimism for a year-end push.

Crypto Markets Today: Bitcoin Leads Broad Recovery as Traders Eye Possible Santa Rally

Analysts remain cautiously optimistic, with Bitcoin reclaiming $90K as the chances of a December rate cut hit 85%.

'Improving Risk Sentiment' Driving Bitcoin's $90K Retest: QCP

Total XRP ETF assets crossed $628 million, absorbing nearly 80 million tokens in 24 hours, making for a stronger initial response than Solana's ETF debut earlier this year.

Bitcoin Rebounds Past $91K as XRP ETFs Continue to Grab Attention

Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ:MSTR ), said on Wednesday that Bitcoin's (CRYPTO: BTC) volatility is a feature, not a bug, and is crucial for its “high performance.” Saylor's Advice For Bitcoin, MSTR Investors Saylor took to X, sharing a clip from his recent interview with CoinDesk, in which he discussed the ongoing market correction.

Michael Saylor Says Bitcoin's Volatility Is A Feature, Not A Bug: Warren Buffett 'Would Own All Of It' If It Wasn't Volatile

The move marks a shift that would bring Bitcoin derivatives in line with major equities and deepen institutional access to the market.

Nasdaq ISE Seeks to Quadruple Trading Limits on BlackRock's Bitcoin ETF Options

Analysts said traders remain focused on macro signals, particularly on growing expectations for a December Fed rate cut.

Bitcoin rebounds above $91,000 as December rate cut odds rise

Bitcoin has surged past the $90,000 mark, buoyed by rising expectations of a December Federal Reserve rate cut.

Bitcoin's Ascent May Hit a Wall Around Mid-$90K: Trading Firm

Large holder deposits have hit exchanges and realized losses are climbing, according to CryptoQuant and Glassnode, indicating the market's rally is being built on thin liquidity.

Asia Morning Briefing: Bitcoin's Fragile Rally is Built on Shrinking Liquidity

Some have previously suggested that SpaceX was simply transferring bitcoin in an effort to consolidate its holdings.

SpaceX transfers $105 million in bitcoin to unmarked wallets: Arkham

Dogecoin

Leading cryptocurrencies rallied alongside stocks on Wednesday, as investors shifted to risk-taking ahead of Thanksgiving festivities. Cryptocurrency Gains +/- Price (Recorded at 8:15 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Rally Ahead Of Thanksgiving: Analyst Notes BTC Holding A 'Crucial Level' And Looking To Attack The Highs

Bitcoin critic Krugman says it's no coincidence that BTC is down, just as crypto-friendly President Trump stumbles in the polls.

Why Is Bitcoin Down? Blame Trump, Says Economist Paul Krugman

The firm noted that exchange activity in ETH and altcoins also remained elevated, putting further downward pressure on prices.

CryptoQuant says big bitcoin holders increased deposits to exchanges as prices fell

The digital asset broke $90,000 on Wednesday afternoon, mirroring stocks which also posted strong gains. Pre-Holiday Pump: What's Driving Bitcoin's Latest Rally? It used to be that cypherpunks and bearded libertarians were the typical bitcoin archetypes.

News for Bitcoin Crypto (BTC)