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 pulled back on Tuesday as investors locked in profits from the recent rally. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:22 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Retreat Even as 'Greed' Sentiment Prevails: Analyst Charts Two Possible Scenarios for BTC

Bitcoin is doing what it has done in previous cycles when it has entered a bull market.

Is Bitcoin Out of Its Bear Market? These Analysts Think So

The price of bitcoin (BTC) has once again started rising, not because something changed about this most popular cryptocurrency and/or its underlying network, but mostly for external reasons that turned attention back to this multi-purpose asset. In other words, bitcoin has once again been at the right place at the right time.

This Bitcoin Price Rally Has Little to Do With Bitcoin, Again

Bitcoin is no longer oversold but there's still time to buy, according to Fairlead Strategies' Katie Stockton. Speaking on Tuesday to CNBC, the financial research firm's managing partner said that Bitcoin cleared its 200-day moving average back in May, meaning that a potential breakout could be coming.

Bitcoin Breakout Could Be Around the Corner as Asset Is No Longer Oversold: Fairlead Strategies' Katie Stockton

Crypto-margined Bitcoin futures have collapsed from near-total dominance to about 12%. But leveraged traders are still placing big bets.

Bitcoin Open Interest Collapses to 12%. Is the Short Squeeze Over?

Bitcoin treasury Metaplanet moved 1,000 BTC, worth $79.77 million, into Coinbase Prime earlier today, days after Bitcoin.com News reported the company's holdings had reached 43,000 BTC. A Milestone Stack, Built Fast Japanese bitcoin treasury giant Metaplanet once again moved 1,000 BTC, worth roughly $79.77 million, into Coinbase Prime on Aug. 25. The transfer followed Bitcoin.

Metaplanet Moves 1,000 BTC Into Coinbase Prime Custody

Crypto and gold surged together last week while equities fell, prompting quant trading firm Wintermute to call Bitcoin‘s (CRYPTO: BTC) best week since March 2024 “a debasement board.” Wintermute's weekly market update on X broke down the split between assets outside the fiscal complex and those priced off it: Asset Weekly Move XRP +40% Bitcoin +23.78% Ethereum +31.48% Gold +5.45% S&P 500 -1.37% Russell 2000 -1.68% Nasdaq -2.41% Source: Wintermute X Report What Actually Triggered the Move According to the report, six weeks of compressed volatility had stacked a dense band of short liquidation levels directly above Bitcoin's range.

Wintermute: Bitcoin, XRP, Gold Benefited From 'Debasement Board' Last Week

Bitcoin traded relatively flat on Tuesday as traders moved to lock in profits. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $78,916 Ethereum (CRYPTO: ETH) $2,462 Solana (CRYPTO: SOL) $98.05 XRP (CRYPTO: XRP) $1.47 Dogecoin (CRYPTO: DOGE) $0.08868 Shiba Inu (CRYPTO: SHIB) $0.055447 Notable Statistics: Coinglass data shows 78,712 traders were liquidated in the past 24 hours for $532.43 million.

Bitcoin Holds $79,000 as Ethereum, XRP, Dogecoin Trade Sideways

Bitdeer Technologies Group is dropping roughly 1.93 exahash per second (EH/s) of bitcoin mining capacity into a 28-megawatt co-mining deal with Soluna Holdings at a wind-powered data center in South Texas. Bitdeer Sends Its Own Mining Fleet Into Soluna's Texas Wind Farm Under the deal announced Aug.

Bitdeer Cranks up Bitcoin Mining Power While Rivals Stampede Into AI

Bitcoin prices reached a three-month high on August 24 as several variables, including strong ETF inflows and a sustained short squeeze, caused continued gains.

Bitcoin Reached Its Highest Since Mid-May As Many Factors Drove Gains

Solana

Galaxy Digital (NASDAQ:GLXY) launched a crypto-backed credit line Tuesday, letting clients borrow against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) without selling. What the Product Actually Offers According to a Galaxy press release, the GalaxyOne Crypto Portfolio Line of Credit combines BTC, ETH, and Solana (CRYPTO: SOL), including staked SOL, as collateral under a single revolving credit line.

Galaxy Now Lets You Borrow Against Your BTC, ETH, SOL Holdings

Bitcoin and ether ETFs extended their inflow streaks to six sessions on Monday, drawing $337.56 million and $115.57 million, respectively. Solana, XRP and HYPE funds also finished firmly in the green as institutional demand carried over from last week.

Bitcoin, Ether ETFs Add $453 Million as 6-Day Streak Extends

Gold extended its August rally as a weaker dollar and falling yields boosted demand, while Bitcoin briefly climbed above $80,000 for the first time since May.

Gold Hits Three-Month High as Bitcoin Tests $80,000

Bitcoin (CRYPTO: BTC) has surged 25% over the past seven days, but whale profit-taking and key resistance could determine whether the rally marks a bullish reversal or another bear-market bounce. Can Spot Demand Sustain BTC Rally?

Bitcoin Hit $80,000 With Little Whale Participation: Is That Bullish or Bearish?

Bitcoin experienced a sharp pullback on Tuesday, sliding below $79,000 to a mid-morning low of $78,600. Despite the drop, the Crypto Fear and Greed Index remained strong at 74, signaling that traders view the move as consolidation rather than a correction.

Bitcoin Price Reclaims $79,000 as Open Interest Hits $140B

Arcus, a decentralized exchange built by the team behind dYdX, launched leveraged, ETF-style contracts on Robinhood Markets Inc (NASDAQ:HOOD) Chain, giving traders a new way to access amplified exposure to crypto and tokenized stocks. The product uses pTokens, which turn managed perpetuals accounts into transferable ERC-20 assets.

QUICK SPARK: Arcus Launches ETF-Style Tokens for 3X Bitcoin, Robinhood Exposure

Bitcoin trades near $79,000 after a record week as U.S.-regulated perpetual futures boom and liquidation maps show long pools stacked at $62,000 to $67,000.

Kalshi Leverage Shock Has Bitcoin Traders Suddenly Braced For $67,000

Bitcoin gained roughly 24% this week while the broader crypto market grew by less, a mismatch that shows up clearly in Bitcoin's rising share of the total crypto market.

Bitcoin Rally Is Outrunning the Rest of the Market: Here's Why

The crypto-backed portfolio line of credit lets eligible GalaxyOne clients borrow cash against BTC, ETH & SOL without selling their holdings.

Galaxy expands retail crypto lending with new BTC, ETH and SOL-backed credit line

Treasury Secretary Scott Bessent is “Yellen 2.0,” according to Maelstrom founder Arthur Hayes, who on Tuesday argued that Bitcoin (CRYPTO: BTC) is already detecting the “money printing to come.” Why Does Hayes Compare Bessent to Yellen?

Arthur Hayes: Scott Bessent Is 'Yellen 2.0' and Bitcoin Is the 'Liquidity Smoke Alarm'

The U.S. Treasury is pushing back against punishing long-term government borrowing costs, dragging a decades-old yield control debate back onto Wall Street just as bitcoin's price rallies and traders start asking how much pain Washington will tolerate before escalating its bond-market fight.

Druckenmiller Blasts Treasury's $4B Gambit as Bitcoin Bulls Circle

Bitcoin reached over $80,000 for the first time since January.

Bitcoin Tops $81,000 — Is the Debasement Trade Back?

Strive is adding 1,110 Bitcoin over five days at an average price of about $73,409 each, lifting total holdings to 21,356 BTC and driving an 11% jump in shares. The post Strive Purchases 1,110 Bitcoin in a Week, Holdings Top 21,000 BTC as Shares Surge 11% appeared first on The Daily Hodl.

Strive Purchases 1,110 Bitcoin in a Week, Holdings Top 21,000 BTC as Shares Surge 11%

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are “really underowned” assets as far as Milk Road analyst John Gillen is concerned. Even so, he says market participants that have not captured the latest rally should refrain from “panic-chasing.

Bitcoin, Ethereum Are 'Really Underowned,' Analyst Says: 'Two of the Best Assets in the World'

$83,000 is the last level standing between Bitcoin (CRYPTO: BTC) and a confirmed new bull market, according to widely-followed cryptocurrency technical analyst Nik. What the Bitcoin Weekly Chart Shows Nik wrote in his 90th Market Outlook on Substack that Bitcoin's 20% weekly surge off the 200-week moving average at $64,500 was one of the most decisive technical breaks of this cycle.

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