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.

Goldman Lampe Private Bank purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday.

UAE-Based Goldman Lampe Private Bank Acquires $137 Million in Bitcoin

Bitcoin and crypto prices have gone into meltdown in recent weeks

‘The Next Phase'—BlackRock's $20 Trillion ‘Synthetic Dollar' Plan For Bitcoin And Crypto Revealed As Price Crash Fears Surge

TD Cowen cut its Strategy price target to $260 from $400 on a lower bitcoin forecast, while calling its new capital framework "constructive."

TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive'

The token has traded in a tight band near $59,000 to $60,000 all week. The pattern echoes a calm stretch from 2024, but this one is forming below support in a falling market, and a break could open the way toward $40,000.

Bitcoin's quiet $59,000-$60,000 range is starting to look dangerous

Real estate mogul Grant Cardone said his firm, Cardone Capital, has pushed its bitcoin holdings past 2,700 BTC, adding to the stack as the cryptocurrency slid toward $59,000 recently.

Grant Cardone Buys the Dip: Cardone Capital Tops 2,700 BTC With Bitcoin Near $59K

Though BTC has recently stabilized around $60,000, the prospects for a meaningful recovery remain bleak because institutional demand is falling significantly short of soaking up supply.

Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts

Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness.

Bitcoin nears 2024 lows as options traders pay up for downside protection

Strategy (MSTR) shares have lost around 41% of their value in June.

Strategy heads for eleventh losing month in twelve as bitcoin weakness continues

The US financial giant Fidelity is analyzing what it may take to bring Bitcoin and crypto back into a bull market. In a new note to investors, Fidelity details five historical catalysts that have ended past crypto winters since 2011. Bitcoin's four-year cycle leads the list.

When Will Bitcoin and Crypto Winter End? Fidelity Details Five Historical Catalysts

Michael Saylor's Strategy has increased its USD Reserve to $2.55 billion and unveiled a new Bitcoin (BTC) Monetization Program as part of a broader capital framework. The Nasdaq-listed Bitcoin treasury company says the $2.55 billion reserve, which includes expected proceeds from its at-the-market share program, covers approximately 17.4 months of its roughly $1.

Michael Saylor's Strategy Boosts US Dollar Reserves, Unveils ‘Bitcoin Monetization Program'

Bitcoin's price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles

Dogecoin

Ethereum

Solana

Bitcoin held below $60,000 as a surging dollar kept crypto pinned. Onchain demand stayed quiet through the week's losses, and Strategy's plan to possibly sell bitcoin added to the caution.

Ether, solana and dogecoin slide as Strategy's bitcoin sales plan pressures market

BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.

Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar

An on-chain bitcoin metric that previously flashed at every cycle bottom since 2016 has triggered again as more investors sell at a loss during the current correction.

Bitcoin Metric That Marked Every Cycle Bottom Since 2016 Just Flashed Again, Analyst Says

Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a ​direct listing.

Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing

Strategy's shares remained 42% down from its market-rattling Bitcoin sale nearly a month ago.

Strategy Snaps 9-Day Losing Streak as Bitcoin Giant Adopts 'Robust' Capital Framework

Hyperliquid

The crypto exchange-traded fund (ETF) market entered the final week of June with one foot on the brake and the other still searching for growth. Bitcoin and ether funds suffered another bruising stretch of redemptions, yet the same market continued to send capital into XRP and HYPE products, underscoring a sharp split in investor appetite.

HYPE ETFs Pull in $111 Million as Bitcoin and Ether Funds Lose Over $2 Billion

BTC kissed $58,800 and bounced. The daily chart is deep in bear territory, and prediction markets are betting on further pain before a rebound.

Bitcoin Is in a Fight at $60K—Here's What the Charts Say

Fidelity says Bitcoin's current crypto winter could end if history repeats and one or more major catalysts emerge, including the four-year cycle, clearer regulation, Federal Reserve easing, a new breakout crypto use case, or a fresh wave of institutional adoption.

Fidelity Outlines 5 Factors That Could End the Bitcoin and Crypto Winter

The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.

Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank

Bitcoin's (BTC) price analysis by Coinidol.com. BTC price has fallen three times before recovering above $58,000.

Coinidol.com: Bitcoin Falls Again Above $58,000

Strategy's potential bitcoin sales have raised concerns among market watchers after Peter Schiff warned the company could put pressure on prices if it begins selling up to $3.25 billion worth of bitcoin. Schiff Sounds Alarm as Strategy's Massive Bitcoin Sale Potential Raises Fears of Market Shock Strategy Inc.

Strategy Could Sell $3.25 Billion in Bitcoin Under New Plan, Peter Schiff Warns

An excerpt from Bitcoin: The Honest Money explains how the 2007–2009 financial crisis exposed the fragility of the fiat system and set the stage for Bitcoin's creation.

2007–2009—The Global Financial Crisis and the Birth of Bitcoin

Strive held its Bitcoin treasury unchanged at 19,864 BTC last week, maintaining $141.7 million in cash.

News for Bitcoin Crypto (BTC)