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.

Dogecoin

Ethereum

Leading cryptocurrencies sank deeper on Monday as the market recorded over $1 billion in liquidations. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.

OG: Bitcoin, Ethereum, XRP, Dogecoin Plummet As 'Extreme Fear' Grips Investors: Analyst Says ETH Entering 'Final Stage' Of Correction

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Asia Morning Briefing: BTC Tests Its Floor as Legacy Sellers Meet Macro Rotation

Lava, a bitcoin-focused financial platform, disclosed it has raised $200 million and launched a global bitcoin-backed line of credit (BLOC) offering borrowing rates starting at 5%, marking an expansion in the crypto-collateralized lending space.

Lava Debuts Bitcoin-Backed Line of Credit, Secures $200M Funding

Bitcoin Magazine Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November Bitcoin price continued to drop today, crashing to lows of $105,200. Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November Micah Zimmerman.

Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November

The prediction market has assigned Zohran Mamdani a 93% probability of becoming New York City's next mayor. Bitcoin Slips as Traders Fret Over Potential Mamdani Win Democratic socialist Zohran Mamdani will likely be New York City's next mayor according to Polymarket, and bitcoin traders don't seem too pleased by it.

Bitcoin Dips as Polymarket Predicts a Decisive Zohran Mamdani Victory

Solana

The final week of October delivered a mixed performance for crypto ETFs. Bitcoin funds bled nearly $800 million, ether products held steady with modest inflows, and solana ETFs stole the spotlight with a $199 million debut, signaling a shifting behavior in investor sentiment.

ETF Recap: Bitcoin ETFs Bleed $799 Million as Solana ETFs Soar in Debut Week

The transactions are the latest between Magnificent Seven companies and Bitcoin miner and data center firms.

Bitcoin Miners IREN, Cipher Rise After Multi-Billion-Dollar Microsoft, Amazon Deals

Bitcoin remains range-bound near the $107,000 level following the Federal Reserve's hawkish stance, with total liquidations now exceeding $1 billion. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $106,934.68 Ethereum (CRYPTO: ETH) $3,630.15 Solana (CRYPTO: SOL) $167.96 XRP (CRYPTO: XRP) $2.34 Dogecoin (CRYPTO: DOGE) $0.1693 Shiba Inu (CRYPTO: SHIB) $0.059348 Notable Statistics: Coinglass data shows 307,714 traders were liquidated in the past 24 hours for $1.19 billion.

Bitcoin, Ethereum, XRP, Dogecoin Extend Losses As Crypto Liquidations Surpass $1 Billion

Solana funds surged with $421 million in fresh capital. Overall, crypto ETFs shed $360 million in assets.

US Bitcoin ETFs Lost $946 Million After Hawkish Tone From Fed

Bitcoin Magazine Btrust Names Bitcoin Core Contributor Abubakar Nur Khalil as New CEO After a stint as interim CEO, Abubakar Nur Khalil is officially Btrust's new chief executive officer. Btrust Names Bitcoin Core Contributor Abubakar Nur Khalil as New CEO Micah Zimmerman.

Btrust Names Bitcoin Core Contributor Abubakar Nur Khalil as New CEO

Bitcoin (CRYPTO: BTC) wanted to upend the financial system; Tether (CRYPTO: USDT) quietly built one of its own. With more than $135 billion parked in U.S. Treasuries — more than South Korea — and $10 billion in profits this year alone, the world's biggest stablecoin issuer has become something the crypto world never intended to create: a central bank in all but name.

Tether Just Did What Bitcoin Never Could — Become The World's Shadow Central Bank

Liquidity shifts from the Federal Reserve could determine whether Bitcoin (CRYPTO: BTC) reverses its downtrend or enters a 2019-style correction. What Happened: Prominent analyst Kevin pointed out that during quantitative easing (QE) or balance sheet expansion, Bitcoin dominance tends to top out, paving the way for altcoin outperformance.

Bitcoin's Bull Run Is Now At The Fed's Mercy: Here's What That Means

Bitcoin Magazine Fidelity Crypto Finally Allows Users to Send and Receive Bitcoin as UK ETP Gains Regulatory Approval Fidelity International has gained FCA approval to offer UK retail investors access to its crypto exchange-traded product (ETP). Fidelity Crypto Finally Allows Users to Send and Receive Bitcoin as UK ETP Gains Regulatory Approval Micah Zimmerman.

Fidelity Crypto Finally Allows Users to Send and Receive Bitcoin as UK ETP Gains Regulatory Approval

On Monday, onchain analyst Emmett Gallic spotted a heavyweight bitcoin whale making waves after dropping 2,300 BTC into a Paxos-tagged deposit address. Despite that hefty move, the whale is still swimming in deep crypto waters—holding 32,490.38 BTC worth a cool $3.44 billion.

Onchain Analyst: Long-Sleeping Bitcoin Whale Resurfaces, Shifting 2,300 BTC to Paxos Wallet

Bitcoin Magazine Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% Lava, the bitcoin-backed lending platform, announces a $200M funding round led by venture and debt capital, introducing a revolving line of credit with fixed rates from 5%—no monthly payments required, backed by BTC collateral. Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% Juan Galt.

Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5%

Bitcoin Magazine Bitcoin Support Under Attack as Bears Look to Push Price Below $100,000 The $106,900 Fibonacci support level provided a bounce last week, but repeated tests raise risks of a drop to $100,000 and long-term support at $96,000. Bitcoin Support Under Attack as Bears Look to Push Price Below $100,000 Ethan Greene - Feral Analysis and Juan Galt.

Bitcoin Support Under Attack as Bears Look to Push Price Below $100,000

Prominent market commentators are taking profits on their Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) positions, reflecting growing bearish sentiment across the crypto market. What Happened: Crypto trader DonAlt has issued his first bearish signal on Bitcoin since it traded at $88,000, warning traders to stay cautious as the broader crypto market weakens.

Bitcoin, Ethereum, Solana, XRP Crater 5% As Traders Warn Of More Downside

BitMine Immersion shares were trading more than 8% lower on Monday after the firm acquired over 82,000 ETH in the last week.

BitMine Adds $294 Million in Ethereum as Tom Lee Makes Bullish Bitcoin, ETH Price Projections

Strategy's buy was among its smallest. Bitcoin's price has fallen more than 7% over the past week.

Strategy Snaps Up More Bitcoin Amid BTC Price Drop

Crypto liquidations are piling up as Bitcoin falls 4% and altcoins like Ethereum, XRP, and Dogecoin have been hit much harder.

Bitcoin, Ethereum and Dogecoin Plunge as Crypto Liquidations Top $1.1 Billion

Already having slipped below $108,000 from above $110,000 overnight, bitcoin BTC$107,661.53 plunged to $105,500 in the early hours of the U.S. trading session, now lower by 4% over the past 24 hours and 8% over the past week.

Bitcoin Slides Below $106K as Cryptos Tumble, Nearing October Crash Lows

Bitcoin (CRYPTO: BTC) is down 4% on Monday, leading experts to question whether the crypto giant will continue to follow its historic four-year market cycles. What Happened: CryptoQuant founder and CEO Ki Young Ju highlighted that while Bitcoin's fundamentals remain solid, structural shifts in liquidity sources are reshaping its behavior: The average holder cost basis is around $55,900, leaving wallets up ~93% on average.

Bitcoin Crashes 4% To $106,000: Is The Bull Run Over?

Strive (ASST), a Nasdaq-listed asset manager with a bitcoin BTC$107,208.25 treasury strategy, announced plans Monday an initial public offering of a new class of preferred shares designed to pay dividends.

Strive Proposes High-Yield Preferred Stock to Expand Bitcoin Holdings

Broker Canaccord Genuity said Strategy's (MSTR) transformation into a “full-cap-structure bitcoin acquisition engine” hit a new milestone with its first S&P credit rating, a B- with a stable outlook that recognizes the company's increasingly sophisticated balance-sheet strategy.

Strategy's Bitcoin Engine Hits New Phase With S&P Nod, Canaccord Says

Bitcoin Magazine Tom Lee Says Bitcoin Can Still Reach $150K–$200K by Year's End, Despite October's “Mini Tsunami” Fundstrat's Tom Lee told CNBC he remains confident Bitcoin could still surge to $150,000–$200,000 by year's end. Tom Lee Says Bitcoin Can Still Reach $150K–$200K by Year's End, Despite October's “Mini Tsunami” Micah Zimmerman.

News for Bitcoin Crypto (BTC)