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.

Dogecoin

Ethereum

Leading cryptocurrencies dipped on Thursday under a volatility squeeze, even as investors awaited a decisive breakout. Cryptocurrency Gains +/- Price (Recorded at 10:30 p.m.

Bitcoin, Dogecoin Slide, Ethereum Gains Amid Drop In Crypto Volatility: Analyst Says A Close Outside This Range Will Set Stage For BTC's 'Big Move'

Bitcoin's (BTC) price rally may have stalled lately, but bullish conviction certainly hasn't, as whales continue to bet millions on an extended market rally.

Bitcoin Whale Wagers $23.7M on BTC Rally to $200K by Year-End

Bitcoin Magazine Christie's Opens Bitcoin & Crypto Real Estate Division For Luxury Housing Market Christie's International Real Estate has launched a division to handle luxury property sales using bitcoin and other cryptocurrencies, as demand for anonymous, bank free transactions grows among wealthy buyers. This post Christie's Opens Bitcoin & Crypto Real Estate Division For Luxury Housing Market first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Christie's Opens Bitcoin & Crypto Real Estate Division For Luxury Housing Market

Payments platform Square is announcing Bitcoin (BTC) as an option for merchants as its parent company Block (XYZ) jumps 10% after being added to the S&P 500.

Jack Dorsey's Square Announces Bitcoin (BTC) Payments As Parent Company Block Jumps 10% on S&P 500 Addition

Investors were recently shorting ETH but now they're enthusiastic about the digital coin, said Galaxy CEO Mike Novogratz.

Bitcoin Could Hit $150K This Year, Says Mike Novogratz—But Ethereum Might Outperform BTC

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Ripple co-founder moves $140 million in XRP, Strategy boosts bitcoin bet, GameSquare adds NFT to treasury, and more

Strategy Inc. dramatically increased its latest preferred stock sale targeting bitcoin purchases to $2 billion from an initially planned $500 million, Bloomberg reported Thursday, citing a person familiar with the matter.

Strategy Boosts Bitcoin Fundraise to $2B via Preferred Stock: Report

Bitcoin (BTC) possesses more upside potential even as it sits just below the record high reached mid this month, according to crypto analytics platform Swissblock.

Bitcoin Flashing Rare and Historically Bullish Signal, According to Analytics Firm – Here's the Outlook

After buying $1.5 billion of bitcoin in 2021, Tesla sold three-quarters of its holdings the next year as the market was tanking.

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

Cryptocurrency markets are recovering on Thursday, with Ethereum leading the rally across altcoins. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $119,157.24 Ethereum (CRYPTO: ETH) $3,738.63 Solana (CRYPTO: SOL) $189.07 XRP (CRYPTO: XRP) $3.23 Dogecoin (CRYPTO: DOGE) $0.2399 Shiba Inu (CRYPTO: SHIB) $0.00001388 Notable Statistics: IntoTheBlock data shows Bitcoin's large transaction decreased by 13.4% and daily active addresses grew 6.2%.

Bitcoin, Ethereum, XRP, Dogecoin Turn Green As Trader Warns That 'Decision Time Is Near'

Bitcoin's (CRYPTO: BTC) current bull run is alive and well, and unless the price drops below $74,000, short-term pullbacks are irrelevant, according to market commentators. What Happened: In a recent podcast, pseudonymous analysts CrediBULL Crypto and Trader Mayne reiterated that Bitcoin remains structurally bullish, with the potential to push as high as $300,000 before this cycle tops out.

Bitcoin Could Go To $300,000 Before 'Great Depression' Crisis, Traders Argue

Solana

An analyst who accurately called the 2022 crypto collapse believes that one Ethereum (ETH) rival is on the verge of a deep correction. Pseudonymous analyst Capo tells his 129,129 subscribers on his Telegram channel that Solana (SOL) is facing resistance at the $200 level and may decline more than 68% from its current value.

Analyst Unveils Massive Downside Targets for Top Ethereum Rival Solana, Updates Outlook on Bitcoin and Ethena

Bitcoin Magazine What Does Scaling Bitcoin Mean? What Are We Scaling? Scaling Bitcoin needs to be defined. What part of Bitcoin are we trying to scale? What are we trying to preserve in that process? This post What Does Scaling Bitcoin Mean? What Are We Scaling? first appeared on Bitcoin Magazine and is written by Shinobi.

What Does Scaling Bitcoin Mean? What Are We Scaling?

Strategy expanded its Stretch preferred sale to $2 billion and will price shares at $90, raising fresh capital to grow its 607,770 bitcoin treasury.

Strategy upsizes preferred ‘Stretch' stock offering to $2 billion to buy more bitcoin

The dominant cryptocurrency has mostly languished under $120K since its $123K peak on July 14, but even then, altcoins have failed to dethrone it.

Bitcoin Stuck in Neutral While Altcoins Struggle for Momentum

A Bitcoin whale holding nearly half a billion dollars in BTC moved the fortune to a new address Thursday after more than 14 years.

Satoshi-Era Bitcoin Whale Moves $469 Million in BTC After 14 Years

Bitcoin Magazine Michael Saylor's Strategy Will Expand Preferred Equity Sale to $2 Billion to Purchase More Bitcoin Strategy upsizes its preferred equity offering to fund more Bitcoin purchases, now holding over 3% of all BTC ever mined as investor demand surges. This post Michael Saylor's Strategy Will Expand Preferred Equity Sale to $2 Billion to Purchase More Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Michael Saylor's Strategy Will Expand Preferred Equity Sale to $2 Billion to Purchase More Bitcoin

A recent minor dip across major cryptocurrencies did little to discourage one of the industry's most prominent analysts, who remains optimistic about near-term price action. What Happened: In a podcast update published on Wednesday, pseudonymous crypto analyst DonAlt said he's surprised by how quickly traders are panicking over minor pullbacks: "Bitcoin's (CRYPTO: BTC) chart is hilariously bullish on the monthly.

Bitcoin, Ethereum, XRP In Fine Shape, Analyst Says: 'People Are Freaking Out Just Because It's Going Sideways'

Bitcoin Magazine Semler Scientific Purchases 175 BTC and Launches Public Bitcoin Dashboard Semler Scientific increased its Bitcoin holdings to 5,021 BTC with a $20.8 million purchase and reports a 31.3% BTC Yield year-to-date. This post Semler Scientific Purchases 175 BTC and Launches Public Bitcoin Dashboard first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Semler Scientific Purchases 175 BTC and Launches Public Bitcoin Dashboard

BTC stays resilient above $119,000, while major altcoins continued to linger in negative territory, as volatility hits new lows and institutions keep buying.

Why Is Bitcoin Holding Steady as XRP, Solana, Dogecoin Waver?

Bitcoin Magazine Ghana to License Bitcoin & Crypto Platforms Amid Rising Adoption Across Africa Regulators want to monitor bitcoin and crypto use and deal with economic problems it may be causing. This post Ghana to License Bitcoin & Crypto Platforms Amid Rising Adoption Across Africa first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Ghana to License Bitcoin & Crypto Platforms Amid Rising Adoption Across Africa

Bitcoin Magazine Galaxy Digital CEO Mike Novogratz Predicts Bitcoin To Hit $150,000 Galaxy Digital CEO Mike Novogratz told CNBC this week that he believes Bitcoin could reach $150,000 in the near term—driven by strong market momentum and favorable macro conditions. “Yeah, listen, we're in price discovery in a lot of these things, and $150k seems to me a decent target,” said Novogratz during the CNBC interview.

Galaxy Digital CEO Mike Novogratz Predicts Bitcoin To Hit $150,000

Veteran venture capitalist Tim Draper has launched a new $200 million fund through his firm Draper Associates, according to a recent filing with the U.S. Securities and Exchange Commission. Dubbed Draper Associates Fund 8, the fund's creation comes during a major upswing for the crypto industry, as the market continues to hit record milestones, Fortune reported on Thursday.

After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here's What's Coming

Onchain data reveals yet another deep-sleeping 2011 whale has awakened this month, shifting 3,963 BTC—now worth $470 million—for the first time in more than 14 years.

2011 Bitcoin Whale Wakes After 14 Years, Moves $470M—But Why Now?

A 2011 bitcoin wallet just reactivated, moving 3,962 BTC now worth $468 M, shortly after other whales shifted more than 90,000 bitcoin to new addresses.

News for Bitcoin Crypto (BTC)