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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.

Dogecoin

Ethereum

Cryptocurrency markets have sold off prior to the CPI data release on Wednesday, with major meme coins being hit particularly hard. Prices as of 3.30 p.m.

Bitcoin, Ethereum, Dogecoin Dump Before FOMC Wednesday: Here's What They Did After Prior Meetings

A trader known for several accurate crypto market calls says that Bitcoin (BTC) remains in a bullish market trend.

Trader That Called May 2021 Crypto Collapse Updates Bitcoin Outlook, Says BTC ‘Still on Track' for Bull Market

A widely followed crypto analyst is warning traders that Bitcoin (BTC) will likely fall further before rising again. Pseudonymous crypto trader Rekt Capital tells his 476,200 followers on the social media platform X that BTC's technicals has confirms that the crypto king has already seen its local top.

Crypto Trader Issues Bitcoin Warning, Says BTC Forming Topping Structure – Here's His Outlook

DACFP founder Ric Edelman explains how financial advisors are now more receptive to including Bitcoin in their clients' portfolios.

Financial advisors in the US are finally warming up to Bitcoin

Anthony Scaramucci, founder of Skybridge Capital, has predicted that Bitcoin could potentially become a $500,000, even $700,000 asset, despite only 5% adoption in the U.S. In an interview with David Lin on June 7th, Scaramucci suggested that if Bitcoin continues to scale and adopt at the same pace as in the past decade, its value could reach unprecedented heights. He compared Bitcoin's potential growth to that of gold, touting, “If gold is at $16 trillion and Bitcoin is at $1.5 trillion, could Bitcoin surge 10x in the next 15 years?

Anthony Scaramucci Says Bitcoin Can Hit $700K, Predicting Match To Gold — 'Could Bitcoin 10x In The Next 15 Years? I Believe It'

On Tuesday, Donald Trump Jr. shared an opinion article on the social media platform X and declared that his father Donald Trump is “the best choice for bitcoin.” Trump Jr. Endorses Father as Prime Candidate for Bitcoin, Highlights Bitcoin Magazine Editorial The eldest child of former U.S.

Donald Trump Jr. Advocates for Father as Leading Bitcoin Proponent

The world's biggest bank, the Industrial and Commercial Bank of China (ICBC), is reportedly calling Bitcoin (BTC) “digital gold” and Ethereum (ETH) “digital oil.” In a new report shared by Matthew Siegel, VanEck's head of digital assets, the ICBC gives praise to the top two cryptocurrencies by market cap.

Biggest Bank in the World Says Ethereum Is ‘Digital Oil,' Bitcoin ‘Digital Gold': Report

Crypto liquidations are soaring Tuesday as Bitcoin sinks 5% to a price of nearly $66,000, with long positions seeing the biggest impact.

Bitcoin Price Plunges as $245 Million in Crypto Longs Are Liquidated

The famed investor predicts Bitcoin deniers will suffer over the next decade.

Bitcoin's Value Is ‘Many Multiples' Above Its Current Price: Billionaire Investor Bill Miller

The selloff in bitcoin mirrored the drop in U.S. equity markets Tuesday and bitcoin miners are getting hit particularly hard.

Hive Digital, Hut 8 lead bitcoin miner stock selloff while Iris Energy rallies

Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said.

Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report

The Human Rights Foundation organized the Oslo Freedom Forum to unite technologists, Bitcoiners, and activists worldwide. The Financial Freedom Track (where I spoke on the impact of the digital Yuan as part of the release of my book on Bitcoin + China) was a rare opportunity for Bitcoiners to share a room with some of the most preeminent activists around the world - and a forum where the price of Bitcoin seemed to matter less than its actual impact around the world.

Oslo Freedom Forum: Why Bitcoin Matters More Than Its Price

Building systems on Bitcoin necessitates solid design, engineering, and work. These things should not take a backseat to marketing and sales.

In Good Hands: Bitcoin Builds A Better Future

Three Democratic senators have called on the Federal Reserve to lower the federal funds rate, which currently stands at a two-decade high of 5.5%. What Happened: In a letter addressed to Fed Chairman Jerome Powell, Senators Elizabeth Warren (D-Mass.

Democrat Senators Urge Federal Reserve To Cut Interest Rates As Bitcoin Rally Stalls

Japanese investment firm Metaplanet has disclosed an additional bitcoin {{BTC}} purchase worth 250 million yen ($1.58 million), taking its total holdings up to 141 BTC ($9.4 million).

Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%

Bitcoin (BTC) has been flying off exchanges as the digital asset market tracks sideways, according to a popular crypto analyst. The trader Ali Martinez tells his 63,700 followers on the social media platform X that approximately 22,647 BTC worth more than $1.57 billion were withdrawn from crypto exchanges in a recent seven-day period.

Crypto Exchanges Witness $1,570,000,000 in Bitcoin (BTC) Outflows in Just One Week, According to Analyst

Despite substantial inflows into spot Bitcoin ETFs, the cryptocurrency's price continues to tank. At last check, Bitcoin is down over 3.9%.

Bitcoin Faces Resistance Despite Record ETF Inflows: 'It's Holders Selling, Leveraged Flushers Or Whatever'

Cryptocurrency markets are awaiting a potentially pivotal Wednesday, with the Federal Open Market Committee (FOMC) meeting and key US inflation data releases looming large. What Happened: Crypto analyst Ted highlighted significant market-moving events that could impact Bitcoin (CRYPTO: BTC) and other cryptocurrencies.

Bitcoin's Direction Ahead Of 'Huge' FOMC Meeting And Key CPI Data: Up, Down Or Sideways?

On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions.

Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline

Venture capitalist Chris Burniske has shifted his stance on Bitcoin (CRYPTO: BTC) and the broader crypto market, now expressing strong bullish sentiments. What Happened: Burniske believes the market is poised for significant growth, Daily Hodl reported on Tuesday.

Chris Burniske Says He Is 'Hijacked By Unapologetic Bullishness' On Bitcoin, Predicts Crypto Market Surge

Grayscale's GBTC has seen net outflows of over $113 million across the past three days, as Bitcoin's price dipped below $67,000.

Bitcoin ETFs Break 19-Day Inflow Streak As Net Outflows Hit $65 Million

Bitcoin‘s (CRYPTO: BTC) recent run-up close to all-time highs has failed to spur an equivalent rally in altcoins—a sign that the market is far from an altcoin bull run, according to a renowned crypto analyst. What Happened: In a detailed series of tweets, Miles Deutscher highlighted the significant underperformance in altcoins and the apparent contradiction in market sentiment.

Altcoins Down 70% Against Bitcoin: Here's Why They Just Can't Get Going

Bitcoin‘s (CRYPTO: BTC) price took a tumble on Tuesday, raising questions about the cause of the sudden drop and its future trajectory. What Happened: While some analysts are calling it a “scam dump,” others see it as a potential buying opportunity ahead of a key week for the markets.

Bitcoin Dipping: The Usual Inflation Data 'Scam Dump' Or A Strategic Buying Opportunity?

Bitcoin and other major cryptocurrencies including ethereum and XRP have rocketed higher since crashing to their 2022 lows (as president Joe Biden and former president Donald Trump are warned there's only one way to save the U.S. dollar).

News for Bitcoin Crypto (BTC)