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.

Blockstream CEO Adam Back said the sidechain's defenses have been hardened, and warned developers not to trust AI-suggested fixes blindly.

Liquid Network Restores Full Bitcoin Backing Two Months After $320M Exploit

A final 250 BTC transfer closed the hole left by September's bug, but the federation behind the network still hasn't said who paid to fill it.

Liquid's bitcoin IOUs are fully backed again after a $320 million exploit

A fifth straight weekly decline would mark bitcoin's joint third-longest losing streak, as oil rebounds and Apple's margin warning adds to investor caution ahead of the U.S. midterms.

Live news: Bitcoin faces fifth weekly loss as midterm uncertainty and apple warning weigh on markets

As crypto asset market participants and users jump from one hack story to another, the Liquid Network, a Bitcoin sidechain that suffered a hack in September, has finally restored its bitcoin (BTC) reserves. Its LBTC token is now fully backed by bitcoin again.

Good News, Finally: Liquid Network Restores Its Bitcoin Reserves

Partners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets.

Mercado Bitcoin pledges to cover all user losses after near $40 million hack

The Guppy Multiple Moving Average bands signal a bearish momentum, even as seasonality and post-midterm history lean bullish.

Bitcoin's price chart is flashing a red signal

OKX's latest reserve report shows customer bitcoin holdings jumped 9.66% to 156,609 BTC in a month that ended with Binance losing $6.3 billion to hackers.

$1 Billion in Bitcoin Added to OKX in the Month Binance Got Hacked

The user protection fund now sits below the $800 million level that Binance's own rules say triggers a top-up, and the exchange hasn't said when it will refill it.

Binance has spent half its SAFU bitcoin, about $580 million worth, data shows

The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.

Bitcoin miner Cipher posts $31 million profit as AI pivot begins

ZEC tumbled nearly 10% and BNB fell under $700 as the Nasdaq 100 slid into a correction, dragging Asian stocks lower.

Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote

Dogecoin

Ethereum

Major cryptocurrencies declined on Monday amid the fallout from the Binance hack and uncertainty ahead of the midterm elections. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 8:24 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Extend Decline: Analyst Dismisses Midterm 'Fear,' Says Even if Democrats Win, 'Nothing Big' Likely to Happen

Strive added 124 Bitcoin for about $10 million and now trails Twenty One Capital by 390 BTC for third place among Treasury companies.

Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy

Bitcoin's price dipped over the past week, but the BTC treasury firm Strategy (MSTR) still opted to buy $66 million worth of the top crypto asset. Strategy says it accumulated 811 Bitcoin at an average purchase price of $80,846 per BTC, stretching its total holdings to 849,327 BTC.

Michael Saylor's Strategy Buys the Dip, Acquiring $66,000,000 Worth of Bitcoin (BTC) in the Past Week

Metaplanet repurchased 96.4 million shares in just over two weeks, deploying about $160 million as the bitcoin treasury company shifts capital toward reducing its share count. The Tokyo-listed firm has already completed nearly half of its authorized buyback of shares while simultaneously freeing more capital for future bitcoin purchases.

Metaplanet Buys Back 96.4M Shares to Boost Bitcoin Per Share

Bitcoin held near $77,000 despite significant net outflows from spot Bitcoin ETFs as investors braced for Tuesday's U.S. midterm elections. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $76,783 Ethereum (CRYPTO: ETH) $2,244 Solana (CRYPTO: SOL) $91.99 XRP (CRYPTO: XRP) $1.24 Dogecoin (CRYPTO: DOGE) $0.07374 Shiba Inu (CRYPTO: SHIB) $0.054546 Notable Statistics: Coinglass data shows 67,742 traders were liquidated in the past 24 hours for $226.49 million.

Bitcoin Falls Below $77,000, Ethereum, XRP, Dogecoin Flat Ahead of Midterms

Bitcoin (CRYPTO: BTC) and gold have "blown their tops," Bloomberg Intelligence strategist Mike McGlone said Monday, pointing to a stock market correction as the trigger that could drag both lower heading into Tuesday's midterm elections. Why McGlone Sees All Risk Assets Rolling Over Together McGlone said on The Wolf Of All Streets podcast that Bitcoin, gold and silver have all pulled back to key support levels alongside a broader equity correction, calling it a Faustian bargain starting to unwind.

Bitcoin, Gold Have ‘Blown Their Tops,' Bloomberg's McGlone Warns

Strategy bought 811 BTC for $65.5 million in the week to Nov. 1, lifting its Bitcoin stockpile to 849,327 coins worth $64.08 billion in total cost.

Strategy Buys 811 Bitcoin for $65.5M, Total Holdings Hit 849K BTC

Brazil's largest crypto exchange Mercado Bitcoin confirmed earlier Monday a security incident and paused withdrawals.

Mercado Bitcoin, Brazil's largest crypto exchange, hit by $46 million security breach

Strive (Nasdaq: ASST) bought 124 BTC at $80,526 each from Oct. 24–30, lifting holdings to 43,124 BTC as cash fell to $490.4M, per its Nov. 2 SEC filing.

Strive Buys 124 More Bitcoin, Lifts Total Holdings to 43,124 BTC

Brazilian exchange Mercado Bitcoin suspended deposits and withdrawals after a security incident, and Tether said it had frozen more than 4.5 million USDT.

Mercado Bitcoin Halts Withdrawals After Security Incident, Tether Freezes USDT

Strive said it bought $10 million in bitcoin last week, increasing its holdings to 43,124 BTC as its investment chief stressed restraint. The purchase marked the first use of its SATS preferred stock sales program, while existing cash supplied most funding. Bitcoin Holdings Reach 43,124 BTC After Smaller Purchase Strive Inc.

Strive Adds $10M in Bitcoin Following Massive $511M Buying Spree

Bulls are watching short positions, exchange withdrawals and key price levels for signs of a rebound after the midterms.

Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze

Bitcoin slipped below $77,000 on Monday, despite Binance's announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday.

Binance Hack Fallout Keeps Bitcoin Price Under Pressure Below $77K

Strive Inc. (NASDAQ:ASST) purchased another 124 Bitcoin (CRYPTO: BTC) for almosr $10 million, bringing its total holdings to 43,124 BTC. CEO Matt Cole has set a year-end target of making Strive the second-largest corporate Bitcoin holder, trailing only Strategy.

Strive Eyes Second-Biggest Bitcoin Holder Spot by Year-End After $10M Buy

Brazil's largest crypto exchange paused deposits and withdrawals after a security incident. Tether froze more than 4.5 million USDT tied to the attack.

News for Bitcoin Crypto (BTC)