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.

XRP plunged nearly 8% in Thursday's session as institutional selling accelerated through multiple high-volume breakdowns, breaching the critical $2.46 support level that had anchored the month-long consolidation range.

XRP Plunges 8% as Fed Shock and Bitcoin Weakness Combine to Break $2.46 Floor

Shareholders on Thursday rejected the deal, which was first announced in July.

Bitcoin Miner Core Scientific Investors Nix $9 Billion CoreWeave Merger

JPMorgan Chase (NASDAQ:JPM) CEO and longtime Bitcoin (CRYPTO: BTC) critic Jamie Dimon has acknowledged that crypto, blockchain, and stablecoins are "real." This marks a notable shift in tone as his bank prepares to let institutional clients use Bitcoin and Ethereum (CRYPTO: ETH) as loan collateral by the end of 2025.

JPMorgan CEO Jamie Dimon Once Called Bitcoin A 'Pet Rock' — Now He Says Crypto, Stablecoins Are 'Real, We'll All Use Them'

Analysts on Oct. 30 (UTC) pointed to long-term trend tests, crowd fear and a first support zone, while CoinDesk Research's technical analysis data model showed heavier trading and a tight range near support.

Retail Bitcoin Traders Are Showing Most Fear Since Oct. 20 Crypto Crash: Santiment

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

The Daily: ‘Powell's pullback,' Uphold's XRP rewards card, SpaceX's bitcoin move, and more

Glassnode's weekly report highlighted growing concern for bitcoin BTC$107,178.43 as it struggles to reclaim the $113,000 short-term holder cost basis, which represents the average purchase price of investors who bought within the last 155 days.

A Further 20% Bitcoin Correction on the Table: Glassnode

Bitcoin BTC$107,178.43 has broken below the critical 200-day simple moving average of $109,380, signaling potential weakness ahead as the dollar index (DXY) continues to gain momentum.

Bitcoin Plunges Below Critical 200-Day Average as Dollar Surges to 3-Month High

Bitcoin Magazine Lolli Acquires Slice to Expand Bitcoin Rewards Across Browsing and Shopping Bitcoin rewards platform Lolli has acquired the Slice browser extension, combining shopping and passive browsing rewards into a single platform that makes it easier for users to earn Bitcoin. Lolli Acquires Slice to Expand Bitcoin Rewards Across Browsing and Shopping Micah Zimmerman.

Lolli Acquires Slice to Expand Bitcoin Rewards Across Browsing and Shopping

Ethereum

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have declined roughly 5% and 8% over the past month, as on-chain data points to a pause in U.S. investor demand. What Happened: According to CryptoQuant, enthusiasm among U.S. investors has cooled across ETFs, spot markets, and derivatives.

Bitcoin, Ethereum Slide Another 3%: Is US Demand Disappearing?

Thesis-owner bitcoin rewards app Lolli has acquired the Slice browser extension, which rewards users for their passive internet activity.

Bitcoin rewards app Lolli acquires Slice, accelerating its adoption of the Lightning Network

Bitcoin slipped beneath the $108,000 mark on Thursday, brushing an intraday low of $107,387 per coin. Sellers have been on caffeine apparently, cranking up the pressure and dragging prices down by 3.4% against the U.S. dollar.

Bitcoin Slides to $107K Range as More Than $400M in Longs Go up in Smoke

Bitcoin (CRYPTO: BTC) is trading below $108,000 after the Federal Reserve's 25-basis-point rate cut failed to lift markets, with charts pointing to deeper losses. Fed Rate Cut Fails To Wake Up Bitcoin Price The Federal Reserve reduced interest rates by 25 basis points to a range of 3.75%–4.00%, marking its first cut in months.

Bitcoin Sells Trump-Xi Deal, Fed Rate Cut: Is A Breakdown To $93,000 Next?

Avalanche

With both BTC.b and LBTC, Lombard is the only platform offering both yield and non-yield bitcoin assets, founder Jacob Phillips said.

Lombard Finance acquires BTC.b, Avalanche's bridged bitcoin asset, from Ava Labs

CORZ holders rejecting the merger shows that bitcoin miners' infrastructure is becoming a lucrative key to the AI data-center boom.

Core Scientific shareholder vote sinks $9 billion CoreWeave deal, halting merger of AI cloud and bitcoin miner

Solana

Bitcoin and ether ETFs saw steep redemptions totaling over $550 million on Wednesday, snapping the recent rally. Solana ETFs, however, defied the market mood with a strong $48 million inflow, highlighting growing investor appetite for the rising Layer-1 token.

Bitcoin, Ether ETFs See Heavy Outflows While Solana Shines

President Trump hailed his meeting with China leader Xi Jinping as "amazing" and put a halt on tariffs. But markets aren't happy.

Bitcoin, Ethereum Bulls Get Rekt: Liquidations Top $1.1 Billion as Prices Fall After Trump Meets Xi

Cryptocurrencies and crypto-related stocks opened lower Thursday as the Fed's surprisingly hawkish turn Wednesday outweighed solid progress on the Chinese trade front.

Bitcoin Slides Below $108K, Crypto Stocks Sink as 'Uptober' Disappoints

Is SpaceX selling, or simply shaking up its security? Elon Musk's company hasn't said, but it continues to make Bitcoin moves.

Elon Musk's SpaceX Just Moved More of Its $894 Million Bitcoin Holdings

Balancing security and usability in self-custody

Optimal Threshold Signatures In Bitcoin

Bitcoin Magazine Bitcoin Price Craters to $107,000 as Fed Turns Cautious, Traders React to Trump–Xi Meeting Despite some positive news coming out of South Korea, bitcoin price continued to bleed down to $107,000. Bitcoin Price Craters to $107,000 as Fed Turns Cautious, Traders React to Trump–Xi Meeting Micah Zimmerman.

Bitcoin Price Craters to $107,000 as Fed Turns Cautious, Traders React to Trump–Xi Meeting

USDC

Digital money platform Uphold just dropped a juicy update: XRP-backed loans are landing in December, giving users the power to borrow against their XRP stash without missing a beat. Uphold's XRP Loan Launch Puts Crypto Borrowing in the Spotlight This week, Uphold revealed plans to kick off its digital asset-backed loan program.

Borrow With Your Bags: Uphold Rolls out XRP, BTC, ETH, and USDC Loans

Bitcoin (CRYPTO: BTC) has plummeted below $109,000 after the expected Fed rate cut, prompting renewed debate over whether crypto traders once again fell for a "buy the rumor, sell the news" setup. What Happened: According to on-chain data provider Santiment, while the rate cut was widely expected, Jerome Powell's hawkish tone during the post-meeting press conference rattled markets.

Bitcoin Plummets Below $109,000 After Fed Rate Cut — Classic 'Buy The Rumor, Sell The News' Reaction?

A total of 4,337 BTC ($471.6 million) has now been moved in October, likely to consolidate custody and upgrade from legacy bitcoin addresses.

Elon Musk's SpaceX moves another $31 million of its bitcoin stash to new wallet: Arkham

Bitcoin's current flirtation below the $110,000 line is less a romance and more a negotiation. With price action wobbling inside a narrowing range and oscillators singing a song of indifference, the market is playing coy—but make no mistake, a decisive move is in the making.

Bitcoin Price Watch: Volume Fades, Whales Lurk—Is Accumulation or Capitulation Next?

The crypto market experienced a "sell the news" reaction to the Federal Reserve's interest-rate cut and a U.S. trade deal with China, with bitcoin BTC$109,363.50 sliding back to the $110,000 level of support.

News for Bitcoin Crypto (BTC)