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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.

Additional security is expected at the Bitcoin conference preparing for 20,000 attendees, according to BTC Inc.'s CEO David Bailey.

Trump to Speak at Bitcoin Conference Despite Assassination Attempt

A closely followed on-chain analyst says billions of dollars worth of Bitcoin (BTC) were sent to digital asset exchanges in the last 30 days.

$3,540,000,000 in Bitcoin (BTC) Moved to Crypto Exchanges in Just One Month, According to Analyst

Trump survives an assassination attempt, marking a defining moment in American politics. Bitcoin's strength and interest from both parties show it's not a partisan issue.

Trump Survives Assassination Attempt, Bitcoin Prices Rallies

In the wake of an assassination attempt on former President Donald Trump, Bitcoin‘s (CRYPTO: BTC) value has soared beyond the $60,000 mark. The incident has sparked fresh speculations about Trump's chances of re-election, which seem to be on the rise.

Bitcoin Jumps Past $60,000 Mark Following Trump Rally Shooting

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days.

Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

More than a decade after the world's largest Bitcoin exchange was hacked, Mt. Gox creditors are finally due refunds.

Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here

Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany's bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp.

Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany's Bitcoin Sales

U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar dominance.

Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge

The price of bitcoin climbed 2.7% over the past 24 hours, reaching an intraday peak of $60,423 per token. For over a week, BTC remained below the $60,000 mark. However, on Sunday morning at 4 a.m. EDT, it surpassed this threshold for the first time in 11 days. BTC Rises to $60,423, Marking 2.

Bitcoin Surpasses $60K After 11 Days: Price Boost Follows Trump Assassination Attempt

Jeff Booth, the author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, believes that Bitcoin (BTC) is the only force that follows the natural state of the free market.

‘Price of Tomorrow' Author Says Bitcoin Is the Only Free Market Force, Predicts Prices Will Fall Against BTC

The bitcoin price has topped $60,000 per bitcoin, up from lows of $53,000 earlier this month, after Trump's chances of retaking the White House in November spiked on the crypto-based Polymarket prediction platform

Bitcoin Price Suddenly Soars Over $60,000 After Trump Assassination Attempt Sends His Odds Of Victory To All-Time High

North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes.

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

The week was a rollercoaster ride in the world of cryptocurrency. From former President Donald Trump‘s significant crypto losses to the ambitious plans of Shiba Inu developers, the crypto market was anything but dull.

Trump's Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week

Trump-inspired meme coins jumped following an apparent rally attack, plus Bitcoin rose—and prediction market bettors think it's helped his campaign.

Bitcoin Price Climbs and Meme Coins Spike After Trump Attacked at Rally

Rich Dad Poor Dad author Robert Kiyosaki has renewed his bitcoin buy recommendation, noting that Wall Street is loading up on the cryptocurrency. He urged investors to seize opportunities amidst challenging circumstances. The famous author recently predicted that bitcoin could soar to an astounding $10 million following an economic crash.

Robert Kiyosaki Renews Bitcoin Buy Recommendation, Citing Wall Street Loading Up on BTC

According to crypto intelligence firm Arkham, the German government's bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in.

German Government's Bitcoin Holdings Swell Overnight Thanks to Donations

Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin's hashrate is still just under the 600 exahash per second (EH/s) mark.

Bitcoin Miners Have Been ‘Extremely Underpaid' Since Mid-June

Current data from the Crypto Fear and Greed Index (CFGI) indicates that crypto sentiment has been in a state of “extreme fear” for the past two days. According to Alternative.me's CFGI, the sentiment scored 25 out of 100 in the daily readings on Friday and Saturday.

Crypto Sentiment Plunges to ‘Extreme Fear' as Bitcoin Attempts to Break Upper Resistance

After a six-day streak of net inflows, the cumulative total inflows to spot bitcoin exchange-traded funds has reached its highest level yet.

Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock's IBIT and Fidelity's FBTC led the day with $120.03 million and $115.14 million, respectively. Blackrock's IBIT and Fidelity's FBTC Dominate Friday's Bitcoin ETF Inflows On Friday, the U.S.

Inflow Streak Pushes US Bitcoin ETFs Near $16B Mark

The latest on-chain data is showing that long-dormant Bitcoin (BTC) wallets are awakening after over a decade of inactivity. The whale-surveying platform Whale Alert says on the social media platform X that an ancient crypto wallet containing 25 BTC worth $1.43 million at time of writing has been activated after 10.6 years of slumber.

Ancient Bitcoin Whales Come Alive After Lying Low for a Decade, Move Over $11,000,000 in BTC: On-Chain Data

The SEC closed multiple crypto investigations this week, bolstering the price of select altcoins.

This Week in Coins: Crypto Comeback as SEC Retreats and Germany Runs Out of Bitcoin

Ethereum

Dogecoin

A widely followed crypto analyst thinks that one memecoin is gearing up to soar to higher levels later this year. The analyst pseudonymously known as Altcoin Sherpa tells his 217,700 followers on the social media platform X that he remains long-term bullish on Dogecoin (DOGE) despite its ongoing downtrend.

Trader Says One Blue-Chip Memecoin Will ‘Do Big Numbers' This Year, Updates Outlook on Bitcoin and Ethereum

David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company.

Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas

Analyst and trader Justin Bennett is expressing bearish sentiment on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall to a five-month low. Bennett tells his 111,200 followers on the social media platform X that Bitcoin is potentially forming a rising wedge pattern on the four-hour chart.

News for Bitcoin Crypto (BTC)