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 price of bitcoin is down nearly 4% as most assets experience a selloff.

Bitcoin Falls Under $83,000 on Oil Spike, Rising US Borrowing Costs

Bitcoin fell sharply as oil topped $101 and the 30-year Treasury yield hit its highest since 2002. The daily chart still leans bullish.

Bitcoin Dips Below $83K as Oil Shock Rattles Markets: What Happens Next?

Most altcoins are trailing Bitcoin again after a strong September, and Glassnode says the leverage traders built during that run has still not cleared.

Is Altcoin Season Fading? Why Most Alts Now Trail Bitcoin

Another survey of investors with deep pockets signals strong interest in digital assets, especially bitcoin, as these assets were the most common pick for the best long-term performer among wealthy respondents in the U.S., U.K., France and Germany—ahead of equities and real estate. However, bitcoin still needs to compete for space in digital asset portfolios.

Bitcoin Beats Equities, Real Estate Among Wealthy Investors: Survey

Bitcoin fell to the bottom of its post-breakout range as oil and Treasury yields climbed and long bets were flushed, with the Fed minutes due Wednesday.

Why Is Bitcoin Falling? Oil, Yields and a $487M Long Flush

Robinhood (NASDAQ:HOOD) has added $25 million worth of Bitcoin (CRYPTO: BTC) to its corporate balance sheet, joining a growing list of public companies holding the token as a treasury asset. Why Robinhood Made the Purchase Robinhood SVP Johann Kerbrat told The Block's Starting Block Wednesday that the purchase signals the company's commitment to crypto rather than a major shift in strategy.

Robinhood Joins Strategy, Tesla In Holding Bitcoin, Exec Says: 'We Care Deeply About Bitcoin'

Bitcoin's price range is trading near the floor of its 24-hour range after an overnight selloff dragged the BTC/USD pair to $83,404. The 1-hour picture is firmly bearish, with price below every listed moving average and the relative strength index (RSI) at 27, but the daily structure hasn't completely cracked.

Bitcoin Price Slides to $83K as Short-Term Bears Take Control

Daniel Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns.

Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer

Ethereum

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Wednesday pulled back 2.5% and 4.5%, respectively, while XRP (CRYPTO: XRP) is down 3.5% to $1.44. The slide tests whether the market's recent comeback can withstand profit-taking as traders watch key support levels.

Bitcoin Plunges to $83,500, ETH, XRP Lose Over 3%: What Is Going On?

Robinhood added $25M of Bitcoin (~294 BTC) to its balance sheet—its first corporate holding and a strategic signal from a $100B fintech.

Robinhood Adds Bitcoin to Its Balance Sheet: A Strategic Signal from a $100B Fintech

U.S. bitcoin ETFs returned to positive territory Tuesday with $118.86 million in net inflows, led almost entirely by Blackrock's IBIT. Ether funds suffered a sixth consecutive day of withdrawals, while XRP and HYPE attracted modest buying. Bitcoin ETFs Flip Positive With $119M Inflow Institutional positioning split sharply across the crypto exchange-traded fund (ETF) market Tuesday.

Blackrock Pulls $122M Into Bitcoin ETFs as Ether Loses $202M

Bitcoin (CRYPTO: BTC) trades below $84,000 Wednesday morning, and one trader who called last October's crash says he's shorting the market again. Why Doctor Profit Is Betting Against Bitcoin Widely-followed crypto trader Doctor Profit posted on X that he sold his entire Bitcoin position near $124,000 last October and built a short position ahead of the Oct. 10 crash, when altcoins lost up to 95% in hours.

Bitcoin Analyst Who Sold the Top Is Bearish Again: 'I'm Building Shorts'

Bitcoin BTC$83,762.81 and the other majors are lower today, but zoom out and the picture is flatter than the daily tape suggests: prices have gone essentially nowhere over the past two weeks.

Here's what bitcoin needs to break above $87,000

Traders betting on higher prices took the brunt of the forced selling, while oil climbed on Iranian tanker attacks. Fed minutes are due later Wednesday.

Live updates: Bitcoin slides under $84,000 as $550 million in bets get liquidated

Fundstrat's Tom Lee told a Singapore crowd that crypto is “2 days past the bottom” on the same morning a flash crash liquidated more than $400 million in longs, while his treasury company Bitmine said it will stop buying ether at 5% of supply.

Bitcoin Price Slips Under $84K as Tom Lee Eyes Biggest Bull Market Ever

BlackRock has said the bitcoin and crypto “floodgates” have already opened

‘Opened The Floodgates'—BlackRock Confirms Huge Bitcoin ETF Price Game-Changer

Yearly buyer cohorts and U.S. spot ETF investors offer a map of potential support and resistance as bitcoin retreats below $84,000.

Bitcoin's recovery stalls just short of rescuing its last underwater cohort

The Tornado Cash founder hit back in a tweet, noting FinCEN withdrew a proposed mixer rule over concerns it could chill legitimate activity.

Prosecutors Cite Bitcoin Fog Ruling Against Roman Storm's Venue Challenge

Unveiled at TOKEN2049 Singapore, the Morpho-powered Crypto Loan feature lets users borrow stablecoins against wrapped Bitcoin while keeping private keys and final approval on their hardware device.

Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling

Robinhood has added bitcoin worth $25 million to its balance sheet, senior vice president and general manager of crypto and international, told the Starting Block Wednesday.

Robinhood adds bitcoin worth $25 million to its balance sheet

Bitcoin (CRYPTO: BTC) on-chain analyst Willy Woo on Tuesday called the “Be your own bank” slogan misleading by contrasting traditional banking with cryptocurrency self-custody. Banks Vs. Self Custody Woo said on X that bank deposits transfer “legal title” to the institution.

Bitcoin Self-Custody Fundamentally Different From Traditional Banking, Says Crypto Analyst: 'When You Put Money in a Bank

Bitcoin dipped to around $84,200 on Wednesday but stayed inside its recent range, keeping the broader bullish stair-step trajectory intact.

Down but not out. Bitcoin's stair-step bullish trajectory is still intact

Robinhood SVP Johann Kerbrat says the purchase was intended to signal the company's commitment to the crypto sector.

Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push

Bitcoin dropped about $1,765 in roughly 20 minutes early Wednesday, sliding under $84,000 and taking more than $400 million in leveraged long bets with it, three days before the anniversary of crypto's worst liquidation day. The 20 Minutes The descent started quietly at 01:45 UTC on Oct.

Bitcoin Price Slips Below $84K as 20-Minute Flush Erases $400M in Longs

Wallets linked to the U.S. government moved millions in crypto on Tuesday, according to data tracked by Arkham.

News for Bitcoin Crypto (BTC)