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 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.

Strategy Buys $370M of Bitcoin in First Purchase Since June

Strategy purchased another 4,603 bitcoin for $369.7 million, pushing Michael Saylor's company deeper into its long-running bitcoin treasury strategy after he teased the acquisition on Sunday. Saylor Delivers on ‘We're Back' With 4,603-Bitcoin Purchase The Nasdaq-listed company acquired the bitcoin at an average price of $80,318 per coin, according to Saylor's announcement Monday, Aug. 31.

Saylor Strikes Again: Strategy Scoops Up $370M Worth of Bitcoin

It's the first week of bitcoin purchases for the Michael Saylor-led company in about two months.

Strategy returns to bitcoin buys, adding $370 million worth last week

Much has recently been said about the burgeoning U.S. federal debt and how it's bullish for hard assets such as bitcoin BTC$78,542.02 and gold. The problem looks more severe once that debt is weighed against gross domestic product (GDP) and then compared against other nations'.

Here's 1 metric on U.S. debt that makes bitcoin's bull case look stronger than ever

Bitcoin held steady despite a broader risk-off move after the first U.S. strikes against Iran for weeks sent oil higher and stocks lower. The cryptocurrency has gained 24% this month.

U.S. strikes on Iran fail to stir bitcoin, on track for best month since November 2024

Metaplanet moved 2,400 BTC, worth about $186 million, into Coinbase Prime in just three hours on August 31, its third large transfer to the exchange since August 25. Six Transactions, Three Hours, $186 Million Metaplanet moved again, and this time onchain trackers caught nearly every step.

Metaplanet Sends $188M More Bitcoin to Coinbase in 3 Hours

Bitcoin is holding just under $78,000 as August closes. The dollar strength that pushed the yen past its intervention line is the same force capping crypto.

Live updates: Bitcoin holds $78,000 as yen breaks 160 and rate-hike bets lift the dollar

The split was mutual, with both parties citing differing views on the future of Bitcoin mining and recent protocol developments.

Luke Dashjr exits mining pool Ocean after split over Bitcoin mining's future

A man became a millionaire overnight after recovering millions of dollars in Bitcoin (CRYPTO: BTC) that he had lost access to 12 years earlier. The Quest for ‘Lost' Bitcoin U.K. resident Chris lost access to his cryptocurrency wallet, which held roughly £4,000 ($5417.67) worth of Bitcoin, when the trading platform Intersango collapsed in 2014, according to LBC News.

He Lost His Bitcoin in a 2014 Exchange Collapse — 12 Years Later, He's Worth $4.47 Million

BTC remains August's best-performing asset after the latest escalation in geopolitical tensions.

Bitcoin barely blinks as U.S. hits Iran, sending oil higher and stocks lower

President Donald Trump now fully supports Bitcoin (CRYPTO: BTC), a sharp turnaround from the days when he openly dismissed the asset class. When Trump Was Skeptical of Crypto During his first term as president in July 2019, Trump said he was no “fan” of Bitcoin and other cryptocurrencies, whose value, he added, was based on “thin air.

Trump Once Said He's No Fan of Bitcoin and Its Value Is Based on 'Thin Air' — $1,000 Invested That Day Would Be Worth This Much Today

Michael Saylor fueled speculation on Sunday that Strategy Inc. (NASDAQ:MSTR) could resume its Bitcoin (CRYPTO: BTC) purchases following a pause of more than two months. Saylor Sparks Intrigue Saylor posted the company's accumulation chart on X, using orange circles or “dots” to highlight the firm's Bitcoin purchases.

Michael Saylor Says ‘We're Back' as Speculation Grows Over Bitcoin Purchases

Dogecoin

Ethereum

Leading cryptocurrencies slid on Sunday after the U.S. and Iran resumed hostilities after a nearly month-long lull in fighting.

Bitcoin, Ethereum, XRP, Dogecoin Fall Amid Fresh US-Iran Escalation: Analyst Says BTC Facing 'Final Hurdle' Before Attacking the Highs

Steak ‘n Shake says bitcoin payments have strengthened sales, reduced costs, and supported investment in food quality. Its strategy now extends beyond checkout to a bitcoin reserve and employee bonuses.

Why a Famous Burger Chain Now Calls Itself a ‘Bitcoin Company'

Bitcoin derivatives traders are dragging a hefty book into September, with futures open interest at $54.82 billion while the spot price sits at $78,425 at 7 p.m. Eastern time on Aug. 30. Alongside this, options positioning tells a sharper story.

Options Bets Turn Defensive Ahead of a Bitcoin Price Showdown

Spot Bitcoin ETFs shed $201.9 million on Aug. 28, ending a nine-day inflow run, even as Ethereum funds extended a 10-day streak with fresh cash.

Bitcoin ETFs Snap Nine-Day Inflow Streak as Ethereum Funds Extend Their Run

A Bitcoin rally to around $79,000 lifted the company's 840,447 BTC roughly $2.8 billion above its cost basis, as Saylor's "We're Back" post fueled speculation that Strategy may resume buying.

Strategy's Bitcoin Is $2.8 Billion in Profit—Is Saylor Teeing Up a Buy?

Following the Coldcard exploit that occurred 30 days ago in July, the episode and others that followed appear to have rattled many long-term holders, as August brought an enormous wave of dormant coins moving to new addresses. According to the latest metrics, 6,427.

Bitcoin Early Adopters Stir as 6,427 BTC Worth $500M Moves in August

Russia's largest bank plans to expand crypto-backed lending by accepting bitcoin, ether, and tether as collateral after new regulations take full effect. Sberbank says the initiative will build on its digital asset loan pilot.

Russia's Largest Bank Sber Eyes BTC, ETH, USDT for Crypto-Backed Loans

Bitcoin rebounds from Friday's low as Strategy's valuation expands and bitcoin dominance climbs above 60%.

Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000

On Sunday, bitcoin's price saw a rise of 1.5%, climbing to an intraday high of $78,960 before hitting some resistance. The leading crypto asset is attempting to acquire higher ground after falling from the $81,000 range a few days ago. Bitcoin Reclaims Ground After Recent Pullback Presently, at 10:10 a.m.

Bulls Reload for Another Assault on $81K as Bitcoin's Price Rises

Michael Saylor has revived speculation about Strategy's next bitcoin move with a cryptic “We're Back” message and holdings chart. The post followed a buying pause while the company accumulated $6.69 billion in dollar liquidity. Saylor Revives Strategy's Bitcoin Purchase Mystery Speculation over a renewed bitcoin purchase emerged Sunday after Strategy Inc.

‘We're Back': Michael Saylor Hints Strategy May Buy Bitcoin Again

This week has been a rollercoaster ride in the world of cryptocurrencies. From Tom Lee of Fundstrat Global Advisors declaring Ethereum as “vastly undervalued” to financial analyst Beth Kindig predicting Bitcoin's long-term price target at $2 million, the crypto market has been buzzing with predictions and analyses.

Weekend Round-Up: Ethereum's Potential, Bitcoin's Future and Japan's Blockchain Ambitions

As bitcoin surges back above $80,000, sophisticated trading firms are quietly collecting yield rather than making directional bet.

Crypto market makers are cashing in on bitcoin's rally - without betting on direction

Bitcoin's rally through $81,000 shows the trading regime has now shifted from “sell the rips” to “buy the dips.” Data suggests the bear market is over.

News for Bitcoin Crypto (BTC)