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 following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: JPMorgan says bitcoin could hit $165,000 by year-end, TOKEN2049 best bits, RIP CME gaps, and more

Bitcoin Magazine JPMorgan Says Bitcoin Price Undervalued Relative to Gold, Sees Path to $165K JPMorgan research suggests Bitcoin may be undervalued compared to gold, with potential to rise to $165,000 if the parts of trading gain momentum. JPMorgan Says Bitcoin Price Undervalued Relative to Gold, Sees Path to $165K Micah Zimmerman.

JPMorgan Says Bitcoin Price Undervalued Relative to Gold, Sees Path to $165K

Bitcoin has soared since the beginning of "Uptober"—and amid the ongoing U.S. government shutdown.

Bitcoin Soars Above $120K as US Government Shutdown Continues

Bitcoin (BTC) broke above $120,000, a level not seen since mid-August, as traders position for a bullish October for risk assets.

Bitcoin Hits $120K With Traders Eyeing Bullish October Rally

Bitcoin Magazine Bitcoin Price Flirts With $120,000 as Citi Gives Strong Bitcoin Price Target Bitcoin surged past $119,000 on Thursday, defying a broader market sell-off as investors continued to turn to Bitcoin for safety amid the U.S. government shutdown. Bitcoin Price Flirts With $120,000 as Citi Gives Strong Bitcoin Price Target Micah Zimmerman.

Bitcoin Price Flirts With $120,000 as Citi Gives Strong Bitcoin Price Target

Bitcoin is significantly undervalued relative to gold, according to JPMorgan analysts, implying upside toward $165,000.

JPMorgan sees bitcoin hitting $165,000 by year-end on retail-led ‘debasement trade'

Happy Uptoper! In today's "Crypto for Advisors" newsletter, Gregory Mall, chief investment officer at Lionsoul Global, explains the evolution of bitcoin-backed lending in both decentralized and centralized financial systems.

Crypto for Advisors: Is Bitcoin Lending Back?

Citi (C) sees crypto heading into the new year with modest but meaningful momentum, projecting upside for both bitcoin (BTC) and ether (ETH) into year-end and beyond, the Wall Street bank said in a report on Wednesday.

Citi Sees Bitcoin Hitting $181K in 2026 as ETF Flows Drive Crypto Higher

Bitcoin (CRYPTO: BTC) has rallied more than $10,000 since Sunday to tap $119,000 on Thursday—and some more upside may be left to capture in the short term. What Happened: Glassnode data shows BTC defending its short-term holder cost basis (~$111,600), a reliable support since May 2025.

Bitcoin Rallies $10,000 In 5 Days: What's Driving The Surge?

Bitcoin Magazine Is Sweden About to Stockpile Bitcoin? Lawmakers Push for National Reserve Two Swedish lawmakers have urged the government to explore a national Bitcoin reserve, the latest European move toward adopting Bitcoin in state holdings. Is Sweden About to Stockpile Bitcoin? Lawmakers Push for National Reserve Micah Zimmerman.

Is Sweden About to Stockpile Bitcoin? Lawmakers Push for National Reserve

Bitcoin miner manufacturer Canaan said Thursday that it has secured an order for over 50,000 rigs—its largest order in the last three years.

Canaan Stock Jumps 25% on Largest Bitcoin Miner Order in 3 Years

Canaan said it secured the order from an unnamed U.S.-based bitcoin miner for its latest-generation Avalon A15 Pro mining machines.

Canaan shares jump over 25% following 50,000-unit Avalon bitcoin miner order in US

Analysts told Decrypt that predictions of a looming cut to U.S. interest rates could be driving inflows to Bitcoin ETFs.

Bitcoin ETFs Pull In $676M as BTC Price Tops $119K

Banking giant JPMorgan says bitcoin (BTC) could climb to around $165,000 on a volatility-adjusted basis relative to gold, highlighting what the bank sees as significant upside if the so-called “debasement trade” continues to gain momentum.

Bitcoin Could Reach $165K Based on Gold's Record Run: JPMorgan

Crypto traders were in a jubilant mood on Thursday morning as bitcoin zoomed above $119,000, setting its sights on a new record high.

Crypto Markets Today: Bitcoin Breaks $119K as Altcoins Surge, Traders Eye Record Highs

On Oct. 2, 2025, bitcoin extended its upward trajectory with price action reflecting strong bullish momentum across multiple timeframes. Market structure and indicators from the 1-hour, 4-hour, and daily charts reveal sustained strength, with several technical setups hinting at further upside potential following recent breakouts and consolidations.

Bitcoin Price Watch: BTC Nears Resistance at $119.5K After Explosive Breakout

Bitcoin and crypto price have rocketed his week, climbing as U.S. bitcoin adoption is predicted to trigger global “panic.”

‘It's Happening So Fast'—Crypto ‘Floodgates Opening' Predicted To Send Bitcoin Price To $1 Million

Dogecoin

Ethereum

Bitcoin has hit its highest price in two months by surging above $118,000 on early Thursday morning. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $118,705.11 Ethereum (CRYPTO: ETH) $4,382.63 Solana (CRYPTO: SOL) $225.07 XRP (CRYPTO: XRP) $2.99 Dogecoin (CRYPTO: DOGE) $0.2579 Shiba Inu (CRYPTO: SHIB) $0.00001261 Notable Statistics: Coinglass data shows 106,691 traders were liquidated in the past 24 hours for $357.41 million.

Bitcoin Hits 2-Month At $118,000 High, Ethereum, XRP, Dogecoin Rocket Higher

Crypto markets are continuing their rise this week after weaker-than-expected U.S. labor data and amid a government shutdown that saw the market adopt the stance that a Federal Reserve rate cut next month is a near certainty.

Bitcoin Entering 'Most Dynamic' Month on 99% Fed Rate Cut Odds: Crypto Daybook Americas

The motion submitted by two Sweden Democrats seeks to bring the country in line with moves for Bitcoin reserves in places like the U.S.

Swedish Lawmakers Propose National Bitcoin Reserve

Bitcoin could see strong gains as ‘Uptober' begins.

Bitcoin could see strong gains as 'Uptober' begins

Thailand's market regulator says the country is working on expanding its exchange-traded funds (ETFs) plans beyond bitcoin (BTC), Bloomberg reported on Thursday.

Thailand Will Extend Its ETF Offering Beyond Bitcoin, Says Regulator: Bloomberg

Bitcoin's mining difficulty climbed 5% to a record 150.84 trillion on Wednesday, marking the seventh straight upward adjustment, according to Glassnode.

Bitcoin Mining Hits Toughest Level Yet While Hashprice Slides

Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain, launched BOB Gateway, a one-click on- and offramp that connects native bitcoin to Bitgo's wBTC.OFT across 11 Layerzero-supported blockchains, including Ethereum, Avalanche, Base, BNB Chain, Unichain, Optimism, Sei, and BOB.

Hybrid L2 BOB Enables 1-Click Native BTC Transfers Across 11 Major Chains

Canaan has signed a colocation agreement with Soluna to host 1 EH/s of its Avalon 15XP bitcoin miners as the manufacturer seeks to turn inventory surplus into proprietary mining expansion in North America.

News for Bitcoin Crypto (BTC)