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.

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: Bitcoin Holds Ground as Traders Sit on Stablecoins Before Fed Decision

Matej Zak, CEO of hardware wallet company Trezor, called the rise of Bitcoin (CRYPTO: BTC) exchange-traded funds and corporate treasuries a "double-edged sword" as they bring in fresh money to the market but also weaken some of BTC's core ideals. It's A Pity, Says Zak Speaking with Benzinga at the launch event for the company's latest product, Trezor Safe 7, in Prague, Zak admitted that these institutional-grade investments create "buzz" and add "extra marketing dollars" on Bitcoin.

Exclusive: Bitcoin ETFs, Treasury Firms 'Double-Edged Sword,' Says Trezor CEO — They Bring Money, But Not Owning 'A Piece' Of BTC Is A 'Pity'

Bitcoin traders have said a bitcoin price rally could mean the price never drops below $100,000 again

Bitcoin Is Suddenly On The Brink As Crypto Braces For ‘Death Knell' $100,000 Price Game-Changer

Bitcoin Magazine Bitcoin Knots Has Been Nothing More Than A Denial-of-Service Attack On Bitcoin Bitcoin Knots' attempt at transaction filtering has been a completely ineffective and failed attempt to denial-of-service attack the Bitcoin network. Bitcoin Knots Has Been Nothing More Than A Denial-of-Service Attack On Bitcoin Shinobi.

Bitcoin Knots Has Been Nothing More Than A Denial-of-Service Attack On Bitcoin

Bitcoin's Tuesday mood was anything but golden. After hovering comfortably around $115,500, the orange coin slipped on a banana peel, tumbling to an intraday low of $112,349. That's a 1.8% drop against the U.S. dollar as traders braced for the Federal Reserve's expected rate cut.

Bitcoin Slips to $112K as Fed Rate Cut Looms — Long Bets Face Heavy Liquidations

The publicly-traded miner said it was adding more AI computing power as part of its deal with Fluidstack. Other miners' share prices fell.

Bitcoin Miner TeraWulf's Stock Soars on Google-Backed AI Expansion Plans

More than a decade after the world's largest Bitcoin exchange was hacked, Mt. Gox creditors are finally being repaid—with further delays.

Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here

Sellers stepped in during the U.S. afternoon hours, dragging BTC back below $113,000, nearly identical to Monday's reversal. The largest crypto changed hands at $112,700, down just shy of 2% over the past 24 hours.

Bitcoin Sinks Below $113K as Stocks Hit Records; Sell-Off Could Have Room to Run, Says Bitfinex

Bitcoin Magazine Bitcoin Price Crashes to $112,000 Ahead of Fed Decision, Markets Eye U.S.-China Talks Bitcoin price has crashed to below $113,000 ahead of the Federal Reserve's upcoming interest-rate decision. Bitcoin Price Crashes to $112,000 Ahead of Fed Decision, Markets Eye U.S.-China Talks Micah Zimmerman.

Bitcoin Price Crashes to $112,000 Ahead of Fed Decision, Markets Eye U.S.-China Talks

Dogecoin

Ethereum

Bitcoin is steady around the $114,000 level, supported by optimism over new ETF launches, increased whale activity, and growing institutional accumulation. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $113,966 Ethereum (CRYPTO: ETH) $4,052 Solana (CRYPTO: SOL) $196.15 XRP (CRYPTO: XRP) $2.63 Dogecoin (CRYPTO: DOGE) $0.1978 Shiba Inu (CRYPTO: SHIB) $0.00001018 Notable Statistics: Coinglass data shows 117,644 traders were liquidated in the past 24 hours for $306.66 million.

Bitcoin, XRP Stay Range-Bound As Ethereum, Dogecoin Slip 2% Ahead Of Fed Meeting

With just days left in Uptober, Bitcoin is in the green for the month—but just barely. Can it hold on and keep the seasonal trend alive?

Bitcoin Uptober Cliffhanger: Will BTC Close the Month Green?

Fed rate cut almost certain Wednesday—but ending QT could be the real Bitcoin catalyst as inflation tolerance rises.

What Bitcoin, Ethereum Traders Should Watch Ahead of Fed Rate Decision

CleanSpark CEO Matt Schultz laid out the bitcoin mining company's new strategy to develop AI data centers alongside its crypto mining operations in an appearance on CNBC's "Crypto World."

Why bitcoin miner CleanSpark beat Microsoft for Wyoming AI data center deal, and what it means for crypto mining's future

Bitcoin Cash

Minor gains accompanied by elevated volume suggest underlying accumulation despite muted price action.

Bitcoin's Offshoot, BCH, Edges Up 1% to Challenge Downtrend

The digital asset briefly reclaimed $116K early Tuesday morning, after falling as low as $113K overnight. BTC Briefly Rebounds as Equities Hit New Peaks Stock markets were awash in green as several companies blew past analysts' expectations on Tuesday.

Bitcoin Whipsaws as Stocks Hit Record Highs

Police recovered $700,000 in Bitcoin mining rigs stolen from a company in Indiana

Indiana Police Recover Stolen Bitcoin Mining Rigs—And $75K Worth of Frozen Turkeys

Solana

The first spot ETFs for Solana, Hedera and Litecoin began trading Tuesday on NYSE and Nasdaq, expanding regulated crypto investment options beyond bitcoin and ether.

Solana ETFs Could Draw Over $3B If Bitcoin, Ether ETF Trends Repeat

Bitcoin Magazine Bitcoin Miner TeraWulf (WULF) Stock Jumps 25% on Positive AI News TeraWulf is accelerating its shift into artificial intelligence infrastructure through a new joint venture with AI cloud provider Fluidstack. Bitcoin Miner TeraWulf (WULF) Stock Jumps 25% on Positive AI News Micah Zimmerman.

Bitcoin Miner TeraWulf (WULF) Stock Jumps 25% on Positive AI News

Bitcoin and ether ETFs opened the week on a strong note, pulling in a combined $283 million in net inflows, signaling renewed investor confidence. With bitcoin logging its third straight day of gains and ether funds showing broad participation, the crypto ETF market started the week in the green across the board.

Bitcoin and Ether ETFs Kick Off Week With $283 Million Inflows

Canaccord says bitcoin miners still earn nearly all their revenue from BTC but are increasingly repositioning for AI infrastructure growth.

Bitcoin Miners Sit on Prime Power Assets as AI Pivot Accelerates: Canaccord

An accurate crypto whale has doubled down on their Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) long positions, despite sitting on eight figures in profit. What Happened: The trader, who has been consistently profitable since Oct. 14, initially opened positions of 1,683 BTC ($194 million) at 13x leverage and 40,305 ETH ($168 million) at 5x leverage.

How This Bitcoin, Ethereum Whale Made $14M With A 100% Hit Rate

This is an unique moment in Bitcoin's development with energy and geopolitical potential which helps Bitcoin stay true to its mission of peer-to-peer money.

Bitcoin Becomes A Geopolitical And Energy Advantage With The Heatpunks

Bitcoin Magazine France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply France's center-right UDR party, led by Éric Ciotti, is introducing its first comprehensive crypto bill to create a national Bitcoin Strategic Reserve, aiming to acquire up to 2% of Bitcoin's supply (≈420,000 BTC) over seven to eight years to strengthen financial sovereignty. France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply Micah Zimmerman.

France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply

Terawulf has inked a 25-year joint venture with Fluidstack to build a 168-megawatt (MW) high-performance computing (HPC) facility in Abernathy, Texas — a deal valued at roughly $9.5 billion and backed by Google's $1.3 billion credit support. Terawulf and Fluidstack Launch $9.

Bitcoin Miner Terawulf Secures 25-Year AI Compute Contract Worth $9.5B

Bitcoin Magazine SoFi to Launch Bitcoin and Crypto Trading, Eyes Record Year SoFi reaffirmed its plans to launch Bitcoin and crypto trading later this year. SoFi to Launch Bitcoin and Crypto Trading, Eyes Record Year Micah Zimmerman.

News for Bitcoin Crypto (BTC)