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.

Strive added 2,500 BTC for $185.2 million, boosting its holdings to 19,000 BTC and cementing its position among the largest public corporate Bitcoin holders.

Strive (ASST) Adds $185 Million in Bitcoin as Holdings Reach 19,000 BTC

Ethereum

ETH could outperform BTC by 40% from current levels as bitcoin treasuries may sell assets to cover obligations, the bank's digital asset research head said.

Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

The company reduced its bitcoin holdings from 481 BTC to 150 BTC during the last quarter, while its bitcoin mining revenue fell 23.9%.

HIVE reports 158% jump in annual revenue to $298 million as bitcoin holdings fall to 150 BTC

Fundstrat's Tom Lee defended Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Monday, arguing crypto's long-term thesis remains intact despite recent underperformance. Lee On BTC and ETH Speaking on CNBC, Lee pushed back against claims crypto's thesis is broken after recent weakness relative to AI and software stocks.

Tom Lee Says Bitcoin, Ethereum Thesis Is 'Absolutely Not Broken,' Sees $2 Million BTC

The defunct Mt Gox exchange transferred roughly 10,608 BTC, worth about $953 million, to a new wallet, its first large-scale bitcoin movement in eight months and a shift that revived concerns over creditor repayments.

Mt Gox Moves $953 Million in Bitcoin After Eight-Month Pause

Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).

Live markets: bitcoin's plunge continues, putting February $60,000 low back in play

Benchmark's Mark Palmer initiated coverage with a Buy rating and $32 price target as ASST shares fell 3.59% pre-market.

Strive adds 2,500 bitcoin to hit 19,000 BTC a day after Strategy turns seller

Benchmark's Mark Palmer also initiated coverage of the stock with a Buy rating and $32 price target as ASST shares fell about 4% pre-market.

Strive adds 2,500 bitcoin to hit 19,000 BTC just a day after Strategy turns seller

Recent Bitcoin ETF outflows look dramatic in headlines, but Bloomberg Intelligence's Eric Balchunas says the broader adoption story remains intact.

Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst

Bitcoin fell below $70K on the back of the sales, and a major Polymarket dispute is brewing over whether Strategy indeed sold in May or not.

Morning Minute: Saylor Sells Bitcoin for First Time Since 2022

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

Bitmine Immersion Technologies chairman said minor sales from key holders and institutional outflows are typical market bottom behaviors rather than structural threats.

Tom Lee calls Strategy's bitcoin sale classic bottom behavior

Bitcoin (CRYPTO: BTC) broke below $70,000 on Tuesday, dropping 2.5% as spot ETFs opened the week with $483.76 million in outflows on Monday. Four Straight Weeks Of ETF Outflows With No Sign Of Stopping Weekly ETF outflows ran at $1.00 billion on May 15, $1.26 billion on May 22, and $1.42 billion on May 29.

Bitcoin Plunges Below $70,000, ETFs Saw $480M Outflows On Monday: What Is Going On?

Bitcoin BTC$69,425.74 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine the direction of the next move for risk assets.

Bitcoin's slide may have more to do with AI than Strategy

Strategy sold 32 bitcoin that represent 0.004% of total holdings. The numer es tiny and the company isn't at risk, but it's signaling its commintment to its investors.

Strategy Sells Bitcoin To Signal Its Commitment To Preferred Holders

Bitcoin is on the brink of a massive price crash

Bitcoin Is Suddenly Braced For A Devastating Price Crash

Polymarket is facing continued backlash from traders who bet on "Yes" in a market asking whether Strategy would sell any bitcoin by May 31.

Polymarket faces backlash over disputed Strategy bitcoin sale market

The price of bitcoin fell to its lowest since April 7 as Strategy's sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.

Bitcoin drops toward $69,000 as Saylor sale spooks investors while AI tokens buck the trend

Bitcoin dropped below $70,000 to an eight-week low of $69,390, wiping out $4,000 in value over 48 hours and temporarily pushing its market cap below $1.4 trillion.

Bitcoin Traders Lose $455M on Long Bets as BTC Dips Below $70,000

Interactive Brokers strategist Steve Sosnick says crypto's recent wobble has exposed a “ crypto tourist” problem where money that chased performance on the way up is now heading for the exits.

Sosnick Warns Crypto's ‘Tourists' Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion

Anthony Pompliano, CEO of Professional Capital Management, stated on Monday that selling pressure on Bitcoin (CRYPTO: BTC) appears to be easing, pointing to on-chain data from Binance Research. ‘Sustained Long-term Holder Conviction' In a video posted on X, Pompliano cited four key data points to back his thesis.

Anthony Pompliano Says Bitcoin Sellers Are 'Starting To Be Exhausted' As BTC Plunges Below $70,000 After Late Monday Crash

The S&P 500 climbed 0.26% to a record close of 7,599.96, opening the month with fresh all-time highs across major U.S. indexes, even as bitcoin slipped and trailed the equity rally. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.

S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin

Mt. Gox transferred a combined 10,306 BTC to an unmarked address and its hot wallet early Tuesday, according to Arkham.

Mt. Gox moves $739 million worth of bitcoin to two addresses: Arkham

U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.

Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing

The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet.

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