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's correction below $70,000 has pulled its market dominance down to roughly 58% and pushed the Altcoin Season Index to 49, raising real questions about whether capital is rotating out of BTC and into altcoins, though the data does not confirm a full altseason yet.

Altcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation

Benchmark-StoneX analysts grew bullish towards Strive after the Bitcoin-buying asset manager padded cash reserves while growing its stockpile.

As Strategy Sells Bitcoin, Strive Doubles Down With $4.2 Billion Offering

An excerpt from Bitcoin: The Honest Money uses the rising cost of ice cream to explain how inflation devalues money, wages, savings, and time.

A Little Story About Inflation – An Excerpt from Bitcoin: The Honest Money

A market-stress gauge that has marked every bitcoin bottom for more than a decade is reading near 40%, a level reflecting meaningful pressure but stops short of the historical “maximum opportunity” zone.

Cryptoquant: The Onchain Line Behind Every Bitcoin Bottom Sits Near 40%, Short of ‘Maximum Opportunity'

Strategy Inc.'s (NASDAQ:MSTR) preferred stock (NASDAQ:STRC) dropped below $98 on Tuesday as Peter Schiff declared the death spiral he predicted has officially begun. Cash Reserve Drained From 21 Months To 6.1 Months Strategy's USD reserve, designed to cover preferred stock dividends, stood at $871 million as of May 31, covering just 6.1 months of payments.

MSTR Plunges 8% As Peter Schiff Says Saylor's STRC Bitcoin Engine Is In A 'Death Spiral'

Charles Schwab plans to launch spot crypto trading, custody, and transfers for registered investment advisors by mid-2027.

Charles Schwab Sets Mid-2027 Target for Advisor Bitcoin and Crypto Spot Trading

The move began Monday on a report that Strategy sold a small amount of bitcoin, which spooked investors.

Bitcoin drops back under $70,000, Strategy extends its slide

Hive mined nearly 2,900 Bitcoin last year and is now racing to build what it calls Canada's largest private AI data center.

Bitcoin Miner Hive Reports Revenue Surge as It Bets on Powering AI Boom

Peter Schiff renewed his criticism of Bitcoin (CRYPTO: BTC) after the cryptocurrency slipped below $68,000, arguing investors would have generated far larger returns elsewhere over the last five years. BTC Failure To Outperform Schiff's comments in a X post on June 2 sparked pushback from crypto traders who accused him of ignoring Bitcoin's massive long-term gains after previously discouraging investors from buying the asset near $1,000.

Peter Schiff Says Bitcoin Investors 'Missed Out' On Stocks As BTC Craters 12% In 1 Week

Crypto analysts say investors should look closely at each company's financial situation rather than expecting a cascade of incoming sales.

Will Strategy's Peers Dump Bitcoin Now? Not so Fast, Analysts Say

Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.

Bitcoin faces an 'identity crisis' and DeFi devs need to stop acting like tech bros

Strive purchased 2,500 bitcoin, raising its holdings to 19,000 BTC, while also expanding cash reserves. The company is positioning itself for future funding growth, boosting flexibility for operations, acquisitions, and treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S.

Strive Buys 2,500 Bitcoin, Holdings Reach 19K BTC as $4.2B Funding Plan Advances

Myriad predictors think it's increasingly likely that Bitcoin's next stop is $55,000 rather than $84,000 as BTC continues its slide.

Bitcoin Traders Flip Bearish as BTC Falls to Lowest Price in Months

Bitcoin's slide toward $68,000 on Tuesday reflected a sharp risk-off reset as exchange-traded fund (ETF) redemptions, Strategy's rare bitcoin sale, and a heavy derivatives flush hit traders at the same time.

86% Long Liquidation Wave Exposes Bitcoin's Breakdown Below $68K as ETF Pressure Builds

Ethereum

Bitcoin (CRYPTO: BTC) has plummeted below $68,000 on Tuesday, while Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are down 2% and 4%, respectively, continuing their weakness compared to roaring equity markets. ETF Flow Reversal – Biggest Weakness In its June 2026 Market Update, Wintermute research noted that market weakness comes as spot Bitcoin and Ethereum ETFs recorded roughly $2 billion in combined outflows over 10 days, marking the longest redemption streak since launch.

Bitcoin Plunges Below $68,000, ETH, XRP Lose Over 2%: What Is Going On With Crypto?

Bitcoin price fell below $68,000 amid a mix of symbolic selling by Strategy, heavy ETF outflows, renewed Mt. Gox activity, and rising geopolitical tension tied to Iran–U.S. developments.

Bitcoin Price Crashes to $67,000 Range, Down 13% in a Week Amid ETF Outflows and Market Fears

In an initiation note, Benchmark said the company has "one of the most differentiated capital structures in the bitcoin treasury sector."

Strive adds 2,500 BTC to treasury as Saylor's Strategy sells

A bitcoin wallet, silent since March 27, 2011, moved 35.55 BTC worth approximately $2.54 million on June 2, 2026, not too long after being named as a defendant in a New York court case that claims nearly 3.8 million dormant bitcoins are legally abandoned property.

NY Lawsuit Served a 2011 Bitcoin Wallet — Owner Moves $2.54M to Prove It's Not Abandoned

Here, Bailey unpacks the uncertainty surrounding the original cryptocurrency's nature, which creates inconsistent market behavior.

How to better understand bitcoin's perpetual identity crisis

Standard Chartered said Ethereum DATs have an advantage over bitcoin DATs because ETH's staking yield means they do not need to sell ETH.

Standard Chartered says Strategy's bitcoin sale may mark start of ETH outperformance

Bitcoin fell below $69,000 to a two-month low as ETF outflows hit $3.45 billion over 11 days, along with $742 million in liquidations.

‘Materially softer demand': Bitcoin hits two-month low below $69,000 amid institutional outflow streak, fading onchain interest

Mt. Gox moved 10,422 BTC worth $739 million ahead of its 2026 repayment deadline, triggering market jitters and contributing to Bitcoin's drop below $69,000 despite no confirmed selling activity.

Mt. Gox Moves 10,422 Bitcoin While Bitcoin Price Craters Below $69,000

The price of Bitcoin (BTC) has remained above the $72,000 support level since May 28.

Coinidol.com: Bitcoin Price Continues Its Slide

A trader on the decentralized prediction market Polymarket lost about $527,000 in a single day after Strategy disclosed its first bitcoin sale since 2022, per Lookonchain. A Bet Settled by an SEC Filing A Polymarket trader identified onchain as ‘willo2' lost around $527,000 in a day after Strategy's bitcoin sale was made public.

Polymarket Trader Loses $527K as Strategy's First Bitcoin Sale Since 2022 Settles a Heated Bet

The defunct exchange still has about 35,000 BTC left to distribute, though the latest transfer does not show a sale.

News for Bitcoin Crypto (BTC)