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.

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, said Monday that it had halted deposits and withdrawals following a “security incident.” A prominent analyst pegged the damages at $46 million worth of crypto and counting across numerous chains, including Bitcoin and Ethereum.

Brazil's Mercado Bitcoin Halts Withdrawals After Estimated $46M Stolen

Strategy spent $208 million buying back STRC preferred shares last week, three times its Bitcoin purchase, leaving $133 million of cash before Nov. 11.

Strategy Spends $208M Defending STRC and $65M Buying Bitcoin

Brazil's largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen.

Brazil's Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million

Bitcoin (CRYPTO: BTC) faces its biggest test of the year as the U.S. midterms arrive Tuesday, with bulls arguing the bottom is already in while bears still eye $73,000 as a key downside target. Why Bulls Say Bitcoin Won't Fall Further Widely-followed market commentator Our Crypto Talk posted on X that Bitcoin bottomed 71 days after the 2014 midterms, 39 days after 2018, and just 13 days after 2022, a shrinking window the account says points to Bitcoin already finding its low this cycle.

Bitcoin Bulls Say ‘Bottom's in' but Bears Eye $73,000 Ahead of Midterms

The Brazilian exchange paused deposits and withdrawals after wallets on at least 10 chains were emptied, days after the $6.3 billion Binance hack.

Brazil's Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains

Strive bought another 124 BTC, bringing it closer to becoming the second-largest public company holder of bitcoin after Strategy.

Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy

Bitcoin puts expiring the day after Tuesday's US midterms cost about 10 volatility points more than calls, as traders hedge the vote and last week's sell-off.

Bitcoin Traders Pay Up for Downside Protection Before the Midterms

▶ André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals.

Bitwise's André Dragosch: Bitcoin's “Fair Value” of $197,000

▶ Adam Back explains why Bitcoin's third wave—pensions, managed funds, and model portfolios—is still to come, and how Swiss banks are already preparing.

Adam Back: Pension Funds Are Bitcoin's “Third Wave” of Adoption

Strategy acquired 811 bitcoins for approximately $65.5 million, bringing its total holdings to 849,327 BTC and U.S. dollar assets to $4.9 billion. Record Earnings and Financial Growth Bitcoin treasury giant Strategy has acquired 811 bitcoins for approximately $65.5 million alongside a repurchase of $208.2 million in STRC preferred stock.

Strategy Buys 811 Bitcoin for $65.5M as Reserve Reaches $4.9B

Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.

Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking

Strategy (NASDAQ:MSTR) bought another 811 Bitcoin (CRYPTO: BTC) for roughly $65.5 million last week, resuming its accumulation after a brief pause the week before. What the Filing Shows Strategy disclosed in an 8-K filing Monday that it acquired the Bitcoin between Oct. 26 and Nov. 1 at an average price of $80,846 per coin.

Strategy Buys $65.5 Million in Bitcoin as Michael Saylor Adds 811 BTC

Bitcoin has closed above its 50-week moving average for a seventh consecutive week despite the $6.3 billion Binance hack and renewed crypto-market volatility. Glassnode says even a pullback toward $75,800 could leave the broader technical setup intact.

Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack

Bitcoin and crypto exchange Binance founder Changpeng “CZ” Zhao has warned people to “be careful”

‘Be Careful'—Binance Founder Issues Stark Warning As Bitcoin And Crypto Brace For ‘Real' Price Test

The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.

Strategy Resumes Bitcoin Buys With $66M Purchase

US spot Bitcoin ETFs shed $643 million on Oct. 30, their steepest single-day outflow since June 25, led by redemptions from BlackRock's IBIT and Bitwise's BITB.

Spot Bitcoin ETFs Post Largest Single-Day Outflow Since June

Bitcoin (CRYPTO: BTC) could be significantly undervalued as Bitwise Head of European Research André Dragosch estimates its fair value at $197,000 based on global money supply trends. Speaking on the Bitcoin Magazine podcast, Dragosch suggested that a potential AI bubble collapse, weakening U.S. dollar and improving global liquidity could fuel Bitcoin's next major rally.

Bitwise Puts Bitcoin's 'Fair Value' at $197,000, Cites 3 Catalysts for Rally

The latest bitcoin acquisition disclosure comes after Strategy reported $19.5 billion in third quarter net income on Thursday.

‘We found room for even more orange': Michael Saylor's Strategy scoops up another 811 bitcoin for $65.5 million

Strive Says It Bought 124 Bitcoin October 24 - 30th At Average Price Of $80,526; Holds 43,124 Bitcoin

That is evident from bitcoin's BTC$77,924.04 implied volatility (IV) term structure. IV is the size of price swings options traders expect, and the term structure plots it across different expiry dates.

Bitcoin's 'volatility curve' has a midterm bump

Bitcoin ETFs lost $202.59 million in the week through Oct. 30 after a violent Friday reversal erased four days of inflows. Ether suffered an even steeper $431.53 million withdrawal, while solana posted its largest weekly outflow on record.

Bitcoin ETFs Lose $203M as Friday Rout Wipes out Weekly Gains

Bitcoin fell 0.4% to around $77,900 since midnight UTC as Binance customers pulled a net $3.64 billion after withdrawals reopened and ETFs lost $643 million.

Bitcoin eases to $77,900 as Binance customers pull $3.6 billion after withdrawals reopen

In each of the last three cycles, bitcoin bottomed 13 to 71 days after a U.S. midterm election. Americans vote again on Tuesday, and Polymarket gives a Democratic sweep 72% odds. The Midterm Pattern Crypto researchers have bitcoin's last three cycle bottoms came soon after the U.S.

Bitcoin Fell After 3 Straight Midterms, and Tuesday Could Make It 4

Binance has begun reopening withdrawals in phases starting with bitcoin following the largest crypto theft ever recorded. The exchange confirms it will cover all losses itself while user funds remain fully protected. The post Binance Resumes Phased Bitcoin and Crypto Withdrawals After Record $6,360,000,000 Hack appeared first on The Daily Hodl.

Binance Resumes Phased Bitcoin and Crypto Withdrawals After Record $6,360,000,000 Hack

Cryptocurrency analyst Willy Woo noted on Sunday that Bitcoin (CRYPTO: BTC) didn't lose much ground after the massive Binance hack that unsettled the industry. Woo Says Bitcoin Held Up Well As of this writing, Bitcoin is down 2.4% over the week, while spot gold is down 2.70%.

News for Bitcoin Crypto (BTC)