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 price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

Live updates: BlackRock's IBIT sheds $300 million as bitcoin demand dwindles

Dogecoin

Ethereum

Solana

Bitcoin held below $60,000 as a surging dollar kept crypto pinned. Onchain demand stayed quiet through the week's losses, and Strategy's plan to possibly sell bitcoin added to the caution.

Ether, solana and dogecoin slide as Strategy's bitcoin sales plan pressures market

BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.

Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar

An on-chain bitcoin metric that previously flashed at every cycle bottom since 2016 has triggered again as more investors sell at a loss during the current correction.

Bitcoin Metric That Marked Every Cycle Bottom Since 2016 Just Flashed Again, Analyst Says

Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a ​direct listing.

Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing

Strategy's shares remained 42% down from its market-rattling Bitcoin sale nearly a month ago.

Strategy Snaps 9-Day Losing Streak as Bitcoin Giant Adopts 'Robust' Capital Framework

Hyperliquid

The crypto exchange-traded fund (ETF) market entered the final week of June with one foot on the brake and the other still searching for growth. Bitcoin and ether funds suffered another bruising stretch of redemptions, yet the same market continued to send capital into XRP and HYPE products, underscoring a sharp split in investor appetite.

HYPE ETFs Pull in $111 Million as Bitcoin and Ether Funds Lose Over $2 Billion

BTC kissed $58,800 and bounced. The daily chart is deep in bear territory, and prediction markets are betting on further pain before a rebound.

Bitcoin Is in a Fight at $60K—Here's What the Charts Say

Fidelity says Bitcoin's current crypto winter could end if history repeats and one or more major catalysts emerge, including the four-year cycle, clearer regulation, Federal Reserve easing, a new breakout crypto use case, or a fresh wave of institutional adoption.

Fidelity Outlines 5 Factors That Could End the Bitcoin and Crypto Winter

The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.

Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank

Bitcoin's (BTC) price analysis by Coinidol.com. BTC price has fallen three times before recovering above $58,000.

Coinidol.com: Bitcoin Falls Again Above $58,000

Strategy's potential bitcoin sales have raised concerns among market watchers after Peter Schiff warned the company could put pressure on prices if it begins selling up to $3.25 billion worth of bitcoin. Schiff Sounds Alarm as Strategy's Massive Bitcoin Sale Potential Raises Fears of Market Shock Strategy Inc.

Strategy Could Sell $3.25 Billion in Bitcoin Under New Plan, Peter Schiff Warns

An excerpt from Bitcoin: The Honest Money explains how the 2007–2009 financial crisis exposed the fragility of the fiat system and set the stage for Bitcoin's creation.

2007–2009—The Global Financial Crisis and the Birth of Bitcoin

Strive held its Bitcoin treasury unchanged at 19,864 BTC last week, maintaining $141.7 million in cash.

Strive (ASST) Holds 19,864 BTC With No New Purchases Last Week, Balance Sheet Hits $141.7M Cash

The company can now sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.

Strategy opens the door to selling bitcoin under new capital plan. Here's what it means

The Bitcoin treasury firm has approved a framework for "active capital management," its Chair Michael Saylor said in a statement.

Strategy Could Sell Up to $1.25B of Bitcoin Under 'Digital Credit Capital Framework'

Strategy (MSTR) unveiled a new capital management framework that raises STRC's dividend to 12%, authorizes $2 billion in share buybacks, and permits limited bitcoin sales to fund reserves, dividends, debt obligations, and stock repurchases.

Strategy (MSTR) Raises STRC Dividend, Authorizes $2B in Buybacks, and Unlocks Further Bitcoin Sales

Strategy's total holdings remain at 847,363 BTC and account for more than 4% of the 21 million bitcoin supply cap — worth around $51 billion.

Strategy pauses bitcoin buys, establishes $1B digital credit repurchase program as USD reserve tops $2.5B

Strategy Inc. rolled out a sweeping five-part Digital Credit Capital Framework on Monday morning, authorizing bitcoin sales, boosting its STRC preferred dividend rate, and opening $1 billion buyback programs for both preferred stock and common shares as bitcoin trades around $60,032 per coin at 8 a.m. Eastern time and MSTR shares sit around $82.

Strategy Launches $2.55B Reserve Shield as MSTR Plunges 30% and Bitcoin Hits $60K

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Bitcoin floats near $60K as spot ETF weekly outflows hit $1.79B amid Fed rate hike fears and an AI sell-off.

Bitcoin clings to key support level as weekly US spot ETF outflows hit $1.8B and Fed rate hike bets mount: analysts

Another $1.79B in ETF outflows last week certainly isn't helping—but if history repeats, there is reason for hope.

Morning Minute: Bitcoin Headed for Rare Back-to-Back Quarterly Loss

The crypto market outlook remains fragile. Rising concerns about Federal Reserve interest-rate increases, a strengthening dollar, higher U.S. Treasury yields, record ETF outflows and airstrikes in the Middle East offer bitcoin BTC$59,796.18 bulls little reason for optimism.

Dollar, U.S. Treasury yield market positions may carry glimmer of hope for bitcoin

BTC added 0.6% to $59,800 to start the week while SOL rose 2%, though derivatives data and chart formations point to continued downside risk.

News for Bitcoin Crypto (BTC)