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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.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $67,000 level on Thursday. Ethereum (CRYPTO: ETH), however, recorded losses, trading below the key $3,800 mark this morning.

Bitcoin Tops $67,000 Following Jobless Claims Data; SingularityNET Emerges As Top Gainer

Bitcoin call options are concentrated at a strike price of $70,000 ahead of Friday's end-of-week and March's end-of-month expiry.

Bitcoin call options cluster at $70,000 shows bullish skew, analyst says

Arkham Intelligence claims it has identified the Bitcoin addresses associated with Tesla and SpaceX's holdings.

Arkham claims to identify Tesla and SpaceX's Bitcoin addresses holding nearly 20,000 BTC

Significant interest in newly launched Bitcoin spot ETFs continued on Wednesday, with total net inflows reaching $332 million on March 6. This surge comes despite a net outflow of $276 million from the long-established Grayscale Bitcoin Trust (OTC: GBTC), according to data from SoSoValue.

Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust

Bitcoin halving is a crucial event that occurs every four years, coinciding with the addition of another 210,000 blocks to the blockchain. When this happens, Bitcoin miners receive half their rewards for securing the network and validating transactions.

Looking Back At 3 Bitcoin Halvings: A Historical Analysis

According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024.

Bitcoin's Hash Price Soars as Average Network Fees Spike by 288%

In a surprising turn of events, the phenomenon known as the “Kimchi premium” has resurfaced in South Korea, signaling a unique arbitrage opportunity for Bitcoin (CRYPTO: BTC) traders. What Happened: The “Kimchi premium,” a term that denotes the higher price of Bitcoin in South Korea compared to global markets, is attracting attention once more, as reported by CoinDesk on Thursday.

Bitcoin's 'Kimchi Premium', Popularized By Sam Bankman-Fried, Returns To South Korea Amid Record Highs

El Salvador's Bitcoin (CRYPTO: BTC)-supporting President Nayib Bukele reacted to the indictment of Sen. Bob Menendez (D-N.J.

Nayib Bukele Can't Help Laughing As Bitcoin Critic Who Slammed Adoption In El Salvador Gets Indicted In Bribery Case

Hedge fund veteran and SkyBridge Capital chief executive Anthony Scaramucci says Bitcoin (BTC) is still in the very early stages of adoption. In a new interview with CNBC, Scaramucci predicts Bitcoin's global adoption will continue to increase in the coming years, leading to massive network growth.

Anthony Scaramucci Says Bitcoin Is at ‘March of 1999' Stage of Adoption – Here's What He Means

Ethereum

Binance announced that it is adding BNB, BTC and ETH spot trading pairs with the Japanese yen (JPY) on its global and Japanese trading arm.

Binance to launch Japanese yen spot trading pairs for BNB, BTC, ETH globally

Analyst and trader Kevin Svenson is issuing a warning on Bitcoin (BTC) as the flagship crypto asset hovers below its all-time high price. Svenson tells his 73,100 YouTube subscribers in a new video that Bitcoin could undergo a significant correction shortly after recording a new all-time high.

Massive Bitcoin Shakeout Incoming After FOMO Hits the Market, According to Kevin Svenson – Here Are His Targets

Bitcoin's price in South Korea has surged to a new two-year high, creating a significant premium over its value on global exchanges.

‘Kimchi Premium' Surges as BTC Hits $72K on South Korean Exchanges

Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.

Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea

A proposal is currently on the table in Arizona that could see the state's government employee retirement funds invest in Bitcoin (CRYPTO: BTC) ETFs. What Happened: Introduced by State Sen.

Bitcoin Investment For Retirees? Arizona Senate Eyes BTC ETF For Pension Funds

Kimchi Premium, the crypto price gap between South Korea and markets elsewhere, reached a 27 months-high of 10.32% for bitcoin on Wednesday.

Bitcoin's ‘kimchi premium' hits two-year high in South Korea

The Runestone, a landmark inscription on the Bitcoin blockchain notable for its size, is up for auction.

Bitcoin Ordinals Runestone Up For Auction Ahead of Airdrop

MicroStrategy, a company known for its aggressive Bitcoin investment strategy, has increased its convertible note offering to $700 million, up from the previously announced $600 million.

Saylor's MicroStrategy Seeks To Raise $700M To Buy More BTC

Gold advocate Peter Schiff on Wednesday made a proposition to those invested in cryptocurrencies, specifically targeting Bitcoin (CRYPTO: BTC) holders. What Happened: Schiff took to X to promote his rare “Golden Triumph” Ordinals collection.

Peter Schiff Wants Crypto Investors To Exchange Their 'Overpriced Bitcoin' For His Exclusive 'Ordinals' Collection

Dogecoin

Major cryptocurrencies surged on Wednesday evening driven by massive inflows into U.S.-listed spot Bitcoin ETFs during Tuesday's drop. This indicates that ETF investors were unfazed by the plunge and saw it as an opportunity to buy the dip.

Bitcoin, Ethereum, Dogecoin Rise As Investors Buy The Dip: Analyst Predicts $100K For King Crypto, Says 'Don't Lose Your Stack'

As bitcoin's value teeters on the brink of setting new price records, a significant batch of vintage bitcoins dating back from 2010 to 2017 has been transferred for the first time since their initial creation. Present data reveals that in the opening week of March 2024, a total of 4,237.

The March Revival — Unprecedented Movement of Early Bitcoin Hoards Move for the First Time in Years

What Happened: On Friday, renowned “Rich Dad Poor Dad” author Robert Kiyosaki expressed his bullish sentiments on Bitcoin (CRYPTO: BTC) via a post on X, formerly Twitter. He advised against procrastination, emphasizing the importance of investing even if the initial step is as little as $500.

'Rich Dad Poor Dad' Author Robert Kiyosaki Predicts Next Stop For Bitcoin Is $300K 'The Biggest Mistake You Can Make Is

The largest ordinal inscription, the Runestone, is up for auction. The highest bid is $17,261.61.

Bitcoin Ordinals Project Runestone Hosts Auction Ahead of Airdrop

Leading cryptocurrency Bitcoin (CRYTPO: BTC) hit new all-time highs on Tuesday reaching past the $69,000 price level. While this accomplishment was well-received by the crypto community, many point to the next milestone prices, including $100,000.

Bitcoin Hits New All-Time Highs, Nears Meme Number: Could $69,420 BTC Break The Internet?

Addressing the critical need for enhanced security in mobile communications, Cloaked Wireless announced on Wednesday that it rolled out a new suite of services to safeguard users against the increasing threat of SIM swap and port-out attacks. What Happened: The company now allows customers to pay for their secure communication services using Bitcoin (CRYPTO: BTC), positioning itself as one of the pioneering wireless service providers in the U.S. to accept cryptocurrency.

Pay With Bitcoin For This 'Unbreakable' Mobile Network: But Can It Stop SIM Swaps?

Lawmakers in The Grand Canyon State cite the rapid growth seen by funds tracking the digital asset.

News for Bitcoin Crypto (BTC)