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.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: CME to launch XRP futures as ETF momentum builds, Metaplanet reaches 5,000 BTC in expanding bitcoin accumulation race and more

Prominent crypto analytics firm Swissblock says Bitcoin (BTC) may first pull back before heading higher after reclaiming the $90,000 range. Swissblock says on the social media platform X that Bitcoin may correct to as low as $89,000 after running up against strong resistance in the mid-$90,000s. “The $94,000-$95,000 zone is clearly the resistance to beat.

Bitcoin Pullback the Next Logical Move Amid Stiff Resistance, Says Crypto Analytics Firm – Here Are the Targets

The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K.

Bitcoin Steady at $93K As Battle With Gold Ensues

Bitcoin's (CRYPTO: BTC) rally came as no surprise to Benjamin Cowen, founder of Into The Cryptoverse, who had forecasted this move even before the death cross. What Happened: Cowen explained in a recent podcast that the pattern has played out again as Bitcoin rallied from $77,000 to $91,000 since the death cross occurred.

The Bitcoin's Death Cross Pattern Played Out Again: Here's What It Means

Michael Saylor's bitcoin buying strategy had both believers and skeptics. But a new rival just emerged, already holding nearly $4 billion BTC on its balance sheet—and it's a bullish sign, according to at least one Wall Street analyst.

Strategy Stock Could Climb as New Rival Twenty One Validates Its Bitcoin Strategy

Bitcoin (CRYPTO: BTC) has briefly reclaimed the Short-Term Holder (STH) Cost Basis of $92,900, a key on-chain level that historically separates bullish and bearish market regimes, according to a Glassnode report on Thursday. The price hit $94,700 this week, following optimism around potential tariff relief between the U.S. and China.

Why Bitcoin Reclaiming $92,900 Could Be A Pivotal Moment: Glassnode

Bitcoin Magazine ruya Becomes First Islamic Bank to Offer Bitcoin and Virtual Asset Investments In a global first, UAE-based Islamic bank ruya launches Shari'ah-compliant cryptocurrency investment services, enabling customers to buy and sell Bitcoin and other virtual assets through its mobile app. This post ruya Becomes First Islamic Bank to Offer Bitcoin and Virtual Asset Investments first appeared on Bitcoin Magazine and is written by Nik.

ruya Becomes First Islamic Bank to Offer Bitcoin and Virtual Asset Investments

Bitcoin (CRYPTO: BTC) is increasingly tracking gold rather than tech stocks, according to prevailing sentiment among cryptocurrency observers. What Happened: Pseudonymous cryptocurrency commentator ‘ElonMoney' outlined a growing bullish thesis for Bitcoin in a post on Substack on April 23.

Bitcoin's Bull Case Strengthens As It Trades 'More Like Gold, Less Like Nasdaq,' Commentator Says

John D'Agostino, Head of Strategy at Coinbase Institutional, revealed that sovereign wealth funds and institutional investors have become key drivers of bitcoin accumulation in April, contrasting with retail investors' retreat from exchange-traded funds (ETFs).

Sovereign Wealth Funds Bet on Bitcoin as Gold Alternative, Says Coinbase Institutional Strategist

Bitcoin Magazine BlackRock's Bitcoin ETF Sees $643 Million Inflows BlackRock's iShares Bitcoin Trust (IBIT) recorded its largest daily inflow since January, as bitcoin surges above $92,000 amid improving macro conditions and renewed institutional interest. This post BlackRock's Bitcoin ETF Sees $643 Million Inflows first appeared on Bitcoin Magazine and is written by Vivek Sen.

BlackRock's Bitcoin ETF Sees $643 Million Inflows

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally of over 10% by the crypto king since the 2025 low reached earlier this month.

Bitcoin Indicator Flashing ‘One of the Most Bullish Signals,' Says Analyst Kevin Svenson – Here's His Outlook

Former BitMEX CEO Arthur Hayes says the structural fragility of the U.S. financial system, especially in the face of geopolitical and trade uncertainty, is setting the stage for Bitcoin (CRYPTO: BTC) to outperform in the coming macro cycle. What Happened: In an April 23 appearance on the Forward Guidance podcast, Hayes pointed to President Trump's quick reversal on tariffs as a sign that the U.S. cannot tolerate market volatility without resorting to money printing.

Bitcoin Will Outperform As Global Liquidity Expands, TradFi Evolves, Says Arthur Hayes

Bitcoin Magazine Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin Japanese public firm reaches the halfway mark to 10,000 BTC goal with the latest purchase, bringing total holdings to 5,000 BTC acquired for $428.1 million. This post Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

Metaplanet Buys Additional ¥1.92 Billion Worth Of Bitcoin

Coinbase's John D'Agostino said Bitcoin is no longer trading like a tech stock, but on fundamentals like scarcity and portability.

Sovereign Wealth Funds Bought Bitcoin as Retail Pulled Back: Coinbase Exec

Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.

Cryptocurrency campaigners call for Swiss central bank to hold bitcoin

Bitcoin continues to command the spotlight with its current price positioned at $92,454, supported by a market capitalization of $1.83 trillion and a 24-hour trading volume of $37.01 billion. The intraday price action showcased volatility within the range of $91,809 to $94,700, emphasizing both opportunity and caution for traders navigating these movements.

Bitcoin Price Watch: Technicals Signal Potential Surge Beyond Resistance

Shares of Cantor Equity Partners (CEP) surged 55% on Tuesday and are up an additional 15% in pre-market trading, trading below $19.

Cantor Equity Shares Surge 55%, Jump Another 15% Pre-Market on Bitcoin SPAC Deal Buzz

Spot Bitcoin (CRYPTO: BTC) ETFs recorded a total net inflow of $917 million on April 23, marking four consecutive days of positive flows, fueled by macro relief and institutional demand. Spot Ethereum (CRYPTO: ETH) ETFs saw a net outflow of $23.8 million, per SoSoValue data.

Bitcoin Dips To $92,000 As ETFs Record $917M In Net Inflows

A widely followed crypto analyst believes that Bitcoin's (BTC) latest breakout is the start of a larger uptrend that will lead to new all-time highs.

‘Very Likely' Bitcoin Has Kicked Off Uptrend to New All-Time High, Says Crypto Trader – Here Are His Targets

A leak as revealed growing fears that Trump's plans for bitcoin and crypto could spark “contagion" that risks blowing up the financial system

Leak Reveals Growing ‘Panic' Over Trump's Radical Bitcoin And Crypto Plans Amid Wild Price Swings

The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay's power grid could collapse as early as 2029. The union proposed diversifying the nation's energy sources and reducing dependence on hydroelectricity.

Alert: Bitcoin Mining Could Collapse Paraguay's Power Grid by 2029

Bitcoin's (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it's hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC's dominance keep growing.

Crypto Daybook Americas: Bitcoin Dominance Underlines Haven Status as Trade Turmoil Hits Market

Metaplanet has acquired a further 145 BTC for approximately $13.6 million, bought at an average purchase price of $93,327 per bitcoin.

Metaplanet hits 5,000 BTC milestone as corporate bitcoin accumulation race heats up

Real Vision's chief crypto analyst Jamie Coutts believes one catalyst could catapult Bitcoin (BTC) to nearly double its price in months. Coutts says the total global liquidity has reached a new all-time high level of just under $140 trillion after a decades-long period of contraction.

Catalyst That Historically Fuels Explosive Rallies Could Send Bitcoin Surging to $186,000, Says Jamie Coutts

Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date.

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