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.

Elevated open interest leaves the market exposed to sharper liquidation-driven moves, K33 said, as traders await Wednesday's U.S. CPI report.

Bitcoin market in ‘hibernation' as perp trading activity sinks to three-year low ahead of US CPI release: K33

Metaplanet and Hut8 pulled a combined 1,966 BTC (worth roughly $125 million) off exchanges within a three-hour window on August 12. Two Treasury Companies Pull Bitcoin off Exchanges Metaplanet withdrew 1,473 BTC off an exchange, and roughly two hours later Hut8 followed with a 493 BTC withdrawal.

Metaplanet, Hut8 Move $125 Million in Bitcoin off Exchanges

Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.

Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins

Bitwise Asset Management has cut its workforce by 14%, trimming headcount to about 155 from 180, as a prolonged crypto price slump has continued to squeeze many digital-asset firms.

Bitwise Cuts 14% of Staff as Its Own CIO Calls a Bitcoin Bottom

Venture capitalist Tim Draper projected on Tuesday that Bitcoin (CRYPTO: BTC) will go to infinity against the dollar in a fundamental global shift. Draper Confident About Bitcoin Adoption In an X post, Draper attached a screenshot of a March announcement about Jack Dorsey-led Block Inc. (NYSE:XYZ) launching Bitcoin payments on its Square point-of-sale system.

Tim Draper Says Bitcoin Is Headed for ‘Infinity' Against Dollar as Growing BTC Payments Could Trigger Bank Runs

Public miners are an underappreciated source of supply hitting the market right at the margin.

One overlooked group has added $1.78 billion of selling pressure to bitcoin market

Glassnode says bitcoin sellers are showing signs of exhaustion, though the onchain analytics firm stopped short of confirming a historical market bottom is in.

Glassnode: Bitcoin Sellers Showing Exhaustion Around $64,000, But No Bottom Yet

Veteran investor Cathie Wood voiced her support on Tuesday for Bitcoin Policy's open letter, which urges AI labs to aid “open-source defenders.” Calls for Trusted Access to Frontier Models The open letter by the Bitcoin Policy Institute—a non-partisan think tank conducting research on Bitcoin (CRYPTO: BTC) and emerging monetary networks —and a broad coalition from the digital-asset ecosystem.

Cathie Wood Calls Bitcoin 'Critical' Financial Infrastructure: 'Those Securing It Should Have Trusted Access to the Most Powerful AI Models'

Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn't a sale despite its $1.4 billion paper loss.

Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets

Ethereum

Bitcoin and ether are stuck in a tight range ahead of the CPI. Here's how savvy traders are positioning for the pivotal release.

Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print

Dogecoin

DOGE gained almost 3% to 7 cents and BNB 2% to $614, while bitcoin was the only major in the red on both the day and the week.

Dogecoin and BNB lead majors higher as bitcoin slips near $63,700

Leading cryptocurrencies held steady on Tuesday as equities extended losses, with investors bracing for this week's key inflation data

Bitcoin Dips, Ethereum, XRP, Dogecoin Rise: Analyst Predicts 'BTC Goes Up' if Consumer Inflation Comes in Better Than Expected

Peter Schiff doubled down on his Bitcoin (CRYPTO: BTC) criticism, arguing it should not be viewed alongside gold and silver, while VanEck‘s CEO took the opposite view, saying Bitcoin's correction offers an attractive buying opportunity. Schiff Rejects Bitcoin Comparison In an X post on Aug. 11, Schiff said Bitcoin investors are making a mistake by grouping BTC alongside gold and silver.

Peter Schiff Calls Bitcoin's Comparison to Gold a 'Misconception', VanEck CEO Says Own Both

Empery Digital sold 1,635 BTC for $102.2 million after the second quarter, cutting its bitcoin holdings to 1,279 BTC. With most of the remaining BTC pledged against debt and a potential $62.1 million property commitment ahead, the company's liquidity flexibility has tightened.

Empery Sells 1,635 BTC for $102.2M as Liquidity Tightens

Weeks of sideways trading have crushed volatility, leaving Wednesday's inflation report as the next potential catalyst, analysts said.

Bitcoin stuck as ETF inflows offset selling, but inflation data could spark a move

The reward aims to recover Bitcoin stolen after attackers gained access to connected LND wallets.

BTCPay Backers Offer Bitcoin Bounty After Wallet Exploit

Strategy is acquiring more cash than bitcoin these days. This is what's really going on and whether other Bitcoin companies should follow suit.

Should Bitcoin Companies Build USD Reserves? Understanding The Truth

Regulator says roughly 1,600 customers lost money in Bitcoin and crypto operation whose CEO has already pleaded guilty

CFTC Charges Goliath Ventures With $400M Bitcoin Fraud

Bitcoin dipped 0.7% to trade near $63,400 after a brief morning rally to $64,400 failed. Volatility triggered $39 million in total liquidations over 24 hours, heavily skewed toward long positions.

Bitcoin Stalls at $63,400 as ETFs Outpace Network Issuance

Casa customer data indicates part of the 233k BTC flow came from single-key Ledger and Trezor users shifting to multisig and from multisig users removing Coldcard devices after the July 30 attack waves.

Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience

Peter Schiff says bitcoin has become “anti-gold,” arguing the asset's recent slide will continue as war-driven inflation fears send gold and silver higher, a divergence he says proves bitcoin never behaved like digital gold in the first place.

Schiff: Bitcoin Is ‘Anti-Gold' as War, Inflation Fuel Rally

Bitcoin is holding near $63,000 as spot Bitcoin ETFs snapped a five-day inflow streak, while traders remain cautious ahead of key inflation data. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $63,524.55 Ethereum (CRYPTO: ETH) $1,862.63 Solana (CRYPTO: SOL) $75.16 XRP (CRYPTO: XRP) $1.01 Dogecoin (CRYPTO: DOGE) $0.07089 Shiba Inu (CRYPTO: SHIB) $0.054441 Notable Statistics: Coinglass data shows 78,008 traders were liquidated in the past 24 hours for $171.82 million.

Bitcoin, Ethereum, XRP Trade Flat, Dogecoin Jumps but Analyst Rules Out 'Extreme Bear' Phase

Bitcoin (CRYPTO: BTC) analyst Benjamin Cowen warns “crunch time” is approaching for crypto majors as Ethereum (CRYPTO: ETH) wallet activity hit its highest level since March. Why Cowen Says Bitcoin Is Approaching Crunch Time Cowen said in a YouTube video that Bitcoin is following the same pattern it has in every prior midterm year.

Bitcoin Nears 'Crunch Time' as Ethereum Wallet Activity Explodes: What's Going On?

Twenty One just revealed its quarterly earnings. The company is reassuring investors that it has big plans following Jack Maller's departure as CEO.

Twenty One to Become ‘More Than a Bitcoin Treasury,' Says New CEO

Bitcoin (CRYPTO: BTC) ETFs pulled in $854 million last week, their best haul since April, but the Wintermute over-the-counter desk said more is needed before turning outright bullish. Why Everything Rallied Last Week Wintermute's weekly market update said the catalyst was a single jobs print.

News for Bitcoin Crypto (BTC)