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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.

CNBC Television personality Jim Cramer on Tuesday took a swing at Bitcoin's (CRYPTO: BTC) market dip. What Happened: In a post on X, Cramer shared an image of a dog with the caption, “Hi, my name is Pip and I bought Bitcoin today at 69210 and I am counting on Michael Saylor to stop me out!

Jim Cramer Takes A Dig At Bitcoin After Sharp Fall From All-Time Highs: 'I Am Counting On Michael Saylor To Stop Me Out'

Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24 hours earlier, as bulls showed few signs of pulling their bets on the world's largest cryptocurrency.

Bitcoin back on the rise after vaulting to new record

Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.

Bitcoin Rebounds as $150K Target for 2024 Comes in View

Anthony Scaramucci, the founder of SkyBridge Capital and former White House Communications Director, offered insights into the future of Bitcoin (CRYPTO: BTC). He also shared advice for investors.

Anthony Scaramucci Says 'Stay Patient' With Bitcoin Amid BTC's Soaring Price: 'I Think You'll Be Well Rewarded'

The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.

Crypto Funding Rates Reset After Bitcoin's Sharp Pullback From $69K

Bitcoin experienced a rollercoaster ride on Tuesday, reaching a new all-time high of $69,170 before plummeting 12% within five hours.

Bitcoin Touches All-Time-High Briefly Then Crashes 12%

On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010.

Mega Whale Resurfaces: 1,000 Vintage Bitcoins From 2010 Moved as BTC Peaked at $69,210

Dogecoin

Ethereum

Major cryptocurrencies took a tumble on Tuesday evening after the price of BTC corrected by 7% following a rally to a new all-time high of $69,324 at the Coinbase exchange. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

Bitcoin, Ethereum, Dogecoin Tumble As $1.15B Worth Of Crypto Liquidations Loom: Analyst Predicts 55% Correction For King Crypto To $35K Levels

Ten spot bitcoin exchange-traded funds (ETFs) shattered their trading volume record on Tuesday, reaching a staggering $10 billion. Blackrock's Ishares Bitcoin Trust (IBIT) continues to dominate, surpassing $11 billion in assets under management (AUM) and accumulating over 170,000 bitcoins.

Bitcoin ETFs Break Trading Volume Record — Blackrock's IBIT Now Holds Over 170K BTC

Peter Schiff, a known gold proponent, highlighted contrasting performances of gold and Bitcoin (CRYPTO: BTC) amid record highs of both assets while taking a dig at “Shark Tank” fame billionaire Mark Cuban. What Happened: Noted gold enthusiast Peter Schiff took to X, formerly Twitter, on Tuesday to draw attention to the divergent paths of gold and Bitcoin.

Peter Schiff Targets Mark Cuban Again, Slams Shark For Picking Bitcoin Over Gold Amid Crypto Rally Cooling: 'A Big Mistake'

The U.S. dollar was largely steady on Wednesday, as traders avoided making large bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank rate decision and U.S. jobs data later this week.

Dollar steady ahead of Powell testimony, bitcoin takes breather

Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs.

Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out

Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital currency mining equipment.

Digihost Secures Hosting Deal for 4,640 S19 XPs With Leading Bitcoin Miner Manufacturer

Bitcoin deflates over 8%, mirroring past volatility as it falls to $62,000. One expert isn't worried.

Bitcoin Continues to Fall After Hitting All-Time High. Is This Fine?

Some crypto price aggregators said Bitcoin hit a new high today. Some disagreed.

Bitcoin Sets New All-Time High—But What's the Actual Record Price?

Leading cryptocurrency Bitcoin (CRYPTO: BTC) soared to a new all-time high this week. While the all-time high mark has now been passed for the first time since November 2021, investors and analysts could be turning their attention to new price milestones.

EXCLUSIVE: Bitcoin Hits New All-Time High: Here's When Benzinga Readers Think $100K Milestone Could Be Reached

The ten spot Bitcoin ETFs experienced $10 billion in combined trading day volume.

BlackRock Bitcoin ETF Sets New Record With $3.8 Billion In Trading Volume

U.S.-listed spot bitcoin ETFs had their busiest day ever on Tuesday as bitcoin's run for all-time high price turned into a bloodbath, the price tumbling more than 10% after hitting a record above $69,000.

Bitcoin ETFs Smash $10B Trading Volume Record Amid Wild BTC Price Action

Tuesday witnessed a Bitcoin-style rollercoaster, with the cryptocurrency initially soaring to new all-time highs surpassing $69,000, only to tumble by 10% at 3:00 p.m. ET, on track for its steepest daily decline since November 2022.

Bitcoin Set For Worst Day In 16 Months After Major Reversal From All-Time High: Chart Shows 2 Bearish Signals

A popular crypto analyst is analyzing how long the Bitcoin (BTC) bull market could last. The pseudonymous trader known as TechDev tells his 434,100 followers on the social media platform X that the global liquidity cycle has aligned with “every Bitcoin top and takeoff point.

Here's How Long the Current Bitcoin Bull Market Could Last, According to Closely Followed Crypto Analyst

In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics.

Bitcoin Miners Show Muscle Pushing Back Against Warrantless 'Emergency' Order

Pomp Investments founder and Bitcoin bull Anthony Pompliano says BTC‘s rally is likely far from over. In a new interview with CNBC, Pompliano says the crypto king is on its way to surpassing and potentially doubling the market cap of gold.

Bitcoin Will Double the Market Cap of Gold After Running ‘Much Higher' Past All-Time Highs: Anthony Pompliano

Bitcoin's long-term sentiment reached its highest point ever today as multiple media outlets reported that the cryptocurrency attained its loftiest value in history.

Bitcoin's Long-Term Sentiment Reaches All-Time High As Prices Hit New Record

The major crypto exchange had reported a prior problem resolved just minutes before the latest outage.

Coinbase Crashed Again—Why Does It Happen So Often During Bitcoin Runs?

Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $52.

News for Bitcoin Crypto (BTC)