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.

A total of $798 million in crypto positions has been liquidated over the past four hours, including $718.5 million in long positions.

Bitcoin tumbles below $69,000 as Nvidia turmoil adds to Fed-driven market jitters

Bitcoin's sell-off intensified as the cryptocurrency plunged to a nearly three-month low of $67,500, extending its November losses beyond 11%. Bitcoin Plunges to Three-Month Low Bitcoin's sell-off, which began Wednesday, continued into Friday, with the world's largest cryptocurrency plunging below $68,000 as fallout from former Nvidia CEO Jensen Huang's ouster kept financial markets rattled.

Bitcoin Price Crashes Below $68K as Crypto Liquidations Hit $1.6B

About 70% of the bitcoin treasury firm's coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.

Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value

Recent rapid redemptions explain the market swoon. Bitcoin's spot price fell below $70,000 on Friday, the lowest since August.

Bitcoin ETFs are now down over $1.5 billion in net outflows for the year

A deal could be announced as soon as December, putting $2.1 billion of bitcoin under one roof, a sliver of what the combined group would be worth.

SpaceX-Tesla merger talks put 30,000 bitcoin back in focus

Ethereum

Bitcoin (CRYPTO: BTC) tanked below $69,000 late Thursday, fueling a steep sell-off across the cryptocurrency market and over a billion in liquidations. Crypto Sell-Off Accelerates The apex cryptocurrency fell to its lowest price since Aug. 19, trading below its November 2021 peak.

Peter Schiff Says Bitcoin Is in a ‘Long-Term Bear Market' as BTC Crashes Below $69,000 — Ethereum, XRP Also Slide

In today's newsletter, bitcoin falls to 12-week low as Jensen Huang's exit from Nvidia rattles markets; Strategy, Metaplanet to lose MSCI index membership on Nov. 30; and more.

Bitcoin falls to 12-week low, Strategy and Metaplanet to lose MSCI index membership, and more

The crypto market selloff gathered pace early Friday. Bitcoin dropped below $70,000 and ether traded below $2,000, triggering large liquidations in futures market.

Bitcoin dips below $70,000 as selloff gathers pace

Peter Schiff questioned whether expected bitcoin gains could sustain Strategy's preferred-stock payments after losses he cited over two consecutive years. His criticism targeted Stretch, the bitcoin treasury giant's income-paying security traded as STRC, which carries a variable dividend rate.

Peter Schiff Questions Strategy's 12% Yield as Bitcoin Drops 19% This Year

Dogecoin

Leading cryptocurrencies plunged deeper on Thursday as investors weighed President Donald Trump's latest remarks on Iran.

Bitcoin, Ethereum, XRP, Dogecoin Crack as Trump Says 'We Don't Need a Deal With Iran': Analyst Warns BTC's Correction Could Deepen

Bitcoin price traded near $71,200 Thursday evening after slipping to a fresh session low near $71,000, its weakest level since Aug. 20.

Bitcoin Price Trades Near $71,200 After a Fresh Session Low as the 10-Year Yield Holds Above 5%

▶ Bitcoin has never posted back-to-back losing years, but 2026 could change that.

Bitcoin Faces Two Red Years For the First Time Ever

Bitcoin mining hardware is heading to retail store shelves as Futurebit partners with electronics retailer Micro Center to sell its Apollo III home mining machines, opening another avenue for consumers to participate in a network increasingly dominated by industrial-scale operations.

Futurebit Bitcoin Mining Rigs Hit Retail Stores as Solo Miners Keep Winning Big

As speculation about a possible Tesla-SpaceX merger continues to bubble, cryptocurrency market observers are asking a crucial question: could it drain liquidity from Bitcoin (CRYPTO: BTC) the way SpaceX's (NASDAQ:SPCX) IPO once did? A Merger Wouldn't Trigger the Same Bitcoin Selling an IPO Did Benzinga reported in October how analyst Benjamin Cowen previously linked Bitcoin's weakness ahead of SpaceX's IPO to softness before Anthropic's expected listing.

Would a Tesla–SpaceX Merger Be Bullish for Bitcoin? Careful What You Wish For

RUM Group, the company behind Rumble, said Q3 revenue rose 290% to $96.6 million, with its AI cloud unit supplying over 70%, and held 94.68 BTC on Sept. 30.

RUM Group Revenue Jumps 290% as AI Cloud Tops 70%, Reports 94.68 BTC

Trezor CTO Tomáš Sušánka explains the trade-offs of Bitcoin's leading post-quantum signature scheme.

Why the Path to Quantum Resistance Runs Uphill for Bitcoin Wallet Makers

Bitcoin (CRYPTO: BTC) faces renewed selling pressure after breaking below $75,000, with veteran investor Mark Yusko warning that recovery trend has weakened amid concerns over Strategy's (NASDAQ:MSTR) potential exclusion from major indexes. In an interview with crypto commentator Scott Melker, Yusko said Bitcoin's latest decline has disrupted the pattern of higher highs and higher lows that had supported its recovery.

Why Is Bitcoin's Decline Accelerating? Mark Yusko Weighs In

▶ Challenged on why two or three down years would matter for Bitcoin when gold and the Nasdaq have had similar streaks before recoveries, Peter Schiff says the difference is the backdrop.

Peter Schiff on the Bitcoin Crash: “Get the Hell Out”

Israel Discount Bank will let customers buy, hold and sell Bitcoin and Ethereum in its app from Nov. 26, with assets held in bank wallets through Fireblocks.

Israel Discount Bank to Offer Bitcoin, Ethereum Trading From Nov. 26

BTC fell near $71,400 Thursday, its weakest since Aug. 20, as NVIDIA shares sank about 14% after the board said CEO Jensen Huang had resigned.

Bitcoin Falls to Lowest Since Aug. 20 as NVIDIA CEO Resigns

▶ Simon Dixon, CEO and co-founder of BnkToTheFuture, tells BMTV there are only three things that would make him sell all of his Bitcoin and buy gold.

Simon Dixon: What It Would Take for Me to Sell My Bitcoin for Gold

Bitcoin (CRYPTO: BTC) fell 4% in a single day, slipping below $72,000 as inflation concerns, hawkish Federal Reserve commentary and uncertainty surrounding AI investments influence crypto markets. Speaking on Schwab Network's Crypto Corner, crypto strategist Jim Feroli said Bitcoin has recovered more than 30% from its earlier lows, technically entering a new bull market.

Bitcoin Slumps to $72,000: Blame the 'Known Unknowns,' Says Schwab Analyst

Bitcoin fell as low as $71,200 as Jensen Huang quit Nvidia and MSCI confirmed Strategy's removal, with $750M in crypto positions liquidated.

Bitcoin falls to 12-week low as Jensen Huang's exit from Nvidia rattles markets

Bitcoin (CRYPTO: BTC) critic Peter Schiff questioned whether Strategy (NASDAQ:MSTR) can sustain the roughly 12% annual dividend on its preferred stock. He claimed that the investment case for Strategy's Stretch preferred stock (NASDAQ:STRC) depends on Bitcoin appreciating by 30% annually.

Peter Schiff Says There's 'No Basis' for Saylor's Bullish Bitcoin Assumptions

Eligible customers 18 and older can buy, hold and sell bitcoin and ether from Nov. 26, with Fireblocks custody and a six-month fee waiver.

News for Bitcoin Crypto (BTC)