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.

Bitcoin ETFs posted $630M in outflows on May 13 as corporate treasury buying slumps and a $2B gamma cluster threatens volatility near $82K.

‘Rally without conviction': Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds

Inflation fears and Fed uncertainty trigger the biggest U.S. Bitcoin ETF outflows since January, snapping weeks of institutional inflows.

Bitcoin ETFs Shed $630M in Largest Daily Exit Since January

Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.

Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide

Nakamoto posted a $238.8 million first-quarter net loss after recording a $102.5 million mark-to-market loss on its bitcoin holdings.

David Bailey's Nakamoto reports $239 million Q1 loss as bitcoin treasury value slides

A crypto strategist known for making timely Bitcoin calls is warning that BTC may have a sudden correction after returning to the $70,000 range. The pseudonymous trader Cheds tells his 50,500 YouTube subscribers that Bitcoin is facing strong resistance and may enter a downtrend, unless BTC can flip $85,000 into support.

Veteran Crypto Trader Warns Bitcoin Now Facing Big Resistance, Says BTC Must Breach Key Level To Confirm Bottom

SkyBridge Capital founder Anthony Scaramucci suggested on Wednesday that Bitcoin (CRYPTO: BTC) is tracing an adoption path akin to that of Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT). Scaramucci Says Bitcoin Can't Be ‘Devalued' During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it.

Anthony Scaramucci Says Bitcoin Poised To Follow The S-Curve Of Adoption Like Amazon, Microsoft: 'Cannot Be Devalued'

The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average.

Bitcoin investors yanked $635 million from spot ETFs in a day. Here's what it means for price

The owner had been trying for eight weeks to brute-force the password on their current Blockchain.com wallet, testing roughly 3.5 trillion combinations using the btcrecover service on a rented computing chip.

Claude helps recover $395,000 in bitcoin trapped on a computer for years

Solana

Chinese President Xi Jinping warned Donald Trump of potential conflict over Taiwan during the first U.S. presidential visit to China in nearly a decade.

Solana drops 5%, bitcoin below $80,000 as Xi warns Trump on Taiwan conflict

Peter Brandt warned that bitcoin has not formed a recognizable bottom, citing a possible bear channel from the February low. His key trigger is an ATR close below $79,145, which he said could signal renewed downside.

Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel

Dogecoin

Ethereum

Leading cryptocurrencies slipped on Wednesday as the Senate Banking Committee gears up to vote on the Clarity Act. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m.

Bitcoin, Ethereum, XRP Fall, But Dogecoin Gains Ahead Of Crypto Act Markup In Senate: This Analyst Is Bracing For More BTC Pain Ahead

Schwab Crypto is rolling out spot bitcoin and ethereum trading for selected retail clients through Schwab-linked accounts. The offer includes 24/7 support, education, research, and pricing at 75 basis points on each trade's dollar value.

Charles Schwab Begins Retail Bitcoin and Ethereum Trading Rollout

A viral thread on X drew millions of views as a user claimed Claude AI helped recover a lost Bitcoin wallet.

Bitcoin Owner Claims Claude AI Cracked Lost Wallet Password, Netting $400K in BTC

Bitcoin's recent rally stalled at a critical level, putting the top crypto asset in a position that has previously led to major downturns.

Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant

Market maker Wintermute says traders may want to reconsider what kind of rally they are actually looking at with bitcoin. The firm warns BTC's move has more of the feel of a squeeze than the start of a clean, conviction-led breakout.

Wintermute Warns Bitcoin Rally Looking Like a Short Squeeze, Not a Proper Breakout

Onchain data published Wednesday shows KULR, a tech company focused on thermal management and energy storage, moving 300 bitcoin into Coinbase Prime, a transfer analysts say looks less like a custody shuffle and more like a sell.

KULR Technology Deposits 300 BTC Into Coinbase Prime as Unrealized Losses Near $18 Million

The Senate has confirmed Bitcoin-friendly former Fed governor Kevin Warsh as Federal Reserve chair, setting the stage for a potential shift in U.S. monetary policy just one day before lawmakers vote on the crypto market structure Clarity Act.

Senate Confirms Bitcoin Friendly Kevin Warsh As Fed Chair Ahead of Clarity Act Vote

On Wednesday, bitcoin briefly plunged below $79,000 for the first time since May 4 as investors digested the latest producer price index data, which showed a sharp acceleration in wholesale inflation.

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

Bitcoin slipped below $80,000 on Wednesday as crypto markets turned cautious ahead of Thursday's highly anticipated U.S. Senate Banking Committee markup meeting on the Clarity Act.

Bitcoin, Ethereum, XRP Wobble As Markets Await Clarity Act Markup, Dogecoin Extends Rally

A bitcoin holder known on X as @cprkrn recovered approximately 5 BTC, valued between $400,000 and $500,000, from a wallet he had been locked out of for more than 11 years, crediting Anthropic's Claude AI with solving a technical problem that had resisted every other attempt.

Bitcoiner Dumps Old Computer Files Into Claude AI, Recovers 5 BTC Lost Since 2015

Bitcoin (CRYPTO: BTC) remains structurally bullish after reclaiming a key monthly average, according to a prominent technical analyst. Market Structure Matters Most In a detailed X post on May 13, pseudonymous analyst Scient said the monthly 50 moving average (MA) holding as support was the first major trigger that flipped his macro-outlook bullish, prompting spot Bitcoin accumulation around $68,000 before turning fully bullish near $72,000.

Bitcoin Slips Below $80,000: Here's What Technical Analysis Says About The Dip

Metaplanet CEO Simon Gerovich acknowledged that preferred shares unveiled in November have yet to be issued.

Bitcoin Firm Metaplanet Posts $725 Million Loss, Delays Preferred Share Offerings

Strategy Inc. (NASDAQ:MSTR) jumped from 4,467 Bitcoin (CRYPTO: BTC) purchases in January to 46,872 BTC in April using STRC preferred stock, creating a mid-month buying pattern that K33 Research says fuels recurring Bitcoin rallies. STRC Ex-Dividend Date Drives Mid-Month Rallies Bitcoin posted strong returns during the middle week of March and April.

How Michael Saylor's STRC Causes Mid-Month Bitcoin Rallies

Charles Schwab started allowing select users to trade Bitcoin and Ethereum directly alongside their other investments.

Charles Schwab Begins Offering Bitcoin, Ethereum Trading to US Users

Bitcoin (CRYPTO: BTC) is down to $79,000 after the copper-to-gold ratio broke above its 200-day moving average for the first time since September 2020, a signal that has historically preceded major Bitcoin bull runs. The 2020 Signal Returns The copper-to-gold ratio currently stands at 0.00142, with copper trading at $6.65 per pound and gold near $4,700 per ounce.

News for Bitcoin Crypto (BTC)