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.

Strategy (NASDAQ:MSTR) bought 1,665 Bitcoin (CRYPTO: BTC) for $142.7 million last week, its second straight weekly purchase, after Michael Saylor's Sunday “Even more orange” post. What the Filing Shows According to a Monday 8-K filing, Strategy bought the Bitcoin between Sept.

Strategy Buys 1,665 Bitcoin for $142.7M as Saylor Promises 'Even More Orange'

Michael Saylor's Bitcoin treasury firm bought 1,665 BTC last week, taking its holdings above its previous record to 847,666 BTC.

Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase

Bitcoin (CRYPTO: BTC) trades just above its May of $82,800 on Monday morning, but analysts remain curious if the breakout can survive into Q4 or give way to a correction towards the $79,000 region. Why the Burden Of Proof Shifted to Bears Bitcoin's weekly close marked a shift from lower highs to a higher high, prompting analyst Benjamin Cowen to say the "burden of proof has shifted" to bears.

Bitcoin Falls 2% to $83,000: What Does Technical Analysis Predict?

CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.

THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin

Strategy's bitcoin shopping spree has rolled into another week, but this time, the company was buying back its own securities, too. Between Sept. 21 and Sept. 27, the firm acquired 1,665 BTC at an average price of $85,681 per coin, including fees and expenses.

Strategy Buys 1,665 More Bitcoin as Its BTC Treasury Hits 847,666

Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $70 billion.

‘Even more orange': Strategy buys 1,665 bitcoin for $143 million as total holdings reach 847,666 BTC

Bitcoin (CRYPTO: BTC) is down 1.5% Monday morning as gold, measured by SPDR Gold Shares (NASDAQ:GLD), slid 3% against the backdrop of a renewed surge in oil prices. Brent crude climbed toward $108 a barrel after Tehran refused to soften its demands for reopening the Strait of Hormuz.

Bitcoin Falls to $83,000 as Gold Plunges 3% on Fresh Oil Price Surge

Bitcoin's price enters a five-day stretch that starts with an unexplained Oval Office announcement and ends with the September jobs report, and traders can't hedge the first one. The Blank Space on the Calendar Nobody outside the White House knows what the announcement covers.

Trump's Mystery 2 PM Announcement Opens Bitcoin's Most Crowded Week

Bitcoin closed the week at $84,467, its highest weekly finish in eight months, and then gave back 1.5% before most of the U.S. woke up on Monday. The Numbers The week starting Sept. 21 saw BTC open at $81,178 and close at $84,467.

Bitcoin Price Logs Its Best Weekly Close Since January but Then Stumbles

Market research platform Bull Theory on Sunday linked sustained monetary expansion to potential inflows into assets such as stocks, gold, and Bitcoin (CRYPTO: BTC). Global Liquidity Expansion Bull Theory highlighted that the combined money supply of the Federal Reserve, European Central Bank, Bank of Japan, and the People's Bank of China hit a new all-time high of $103.66 trillion.

Bitcoin to Attract More Capital as Money Printing Continues, Analyst Says With Global Liquidity Above $103 Trillion

Bitcoin fell 1.7% to $83,000, though the CoinDesk 100 dropped 2.6% as Friday's biggest gainers reversed and oil climbed back above $100.

Bitcoin falls to $83,000 while altcoins unwind Friday's rally

ZEC led losses among major tokens as Brent pushed toward $108 and traders added to bets on another Fed rate increase ahead of this week's inflation and jobs data.

Live updates: Bitcoin sinks below $83,000 as Iran talks stall and oil climbs

Your look at what's coming in the week starting Sept. 28.

Bitcoin rally takes a breather ahead of key U.S. employment data: Crypto Week Ahead

Overall demand for leveraged exposure remains weak, marked by sliding futures open interest. The capital that's still in the market appears skewed toward bearish positions.

Bitcoin bears pay to bet on further declines as futures positions near yearly lows

Gold and silver shed more than $550 billion over a three-hour stretch earlier today as bond yields and rate-hike bets hit metals, and bitcoin's price slid right alongside them instead of acting as a refuge. The Three Hours That Erased $550 Billion Metals opened the week down in a hole, with gold slipping 1.

Bitcoin Price Crashes to $82,780 as Gold and Silver Lose $550B in Hours

Trump on Sunday didn't rule out additional strikes on Iran before the midterm elections, even as he said the war could end soon.

Bitcoin, Nasdaq futures decline as Trump won't rule out more Iran strikes

Dogecoin

Ethereum

Leading cryptocurrencies stagnated on Sunday as investors weighed ongoing U.S.-Iran negotiations alongside a series of anticipated macroeconomic data. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:24 p.m.

Bitcoin, Ethereum, XRP Slide While Dogecoin Gains as Trump Rejects Iran's Hormuz Proposal: Analyst Sees BTC Marching to $90,000 Levels if This Happens

Bitcoin buyers in a test of 216 highs would have paid more after a 30% crash than at the earlier high in most cases. Successful waits brought a median 19% discount; failed waits, a median 76% premium.

Waiting for a 30% Bitcoin Dip Backfired in 61% of Tested Cases

Bitcoin Cash

Total crypto market capitalization increased 4% over the week to $2.99 trillion despite a midweek pullback by bitcoin from $87,000 to $84,000. Market Cap Nears $3 Trillion Milestone The crypto economy closed the week in the green, with total market capitalization jumping from $2.87 trillion on Sept. 20 to $2.99 trillion—a 4% increase.

Crypto Weekly: BCH and NEAR Surge 34% as Altcoins Outpace Bitcoin

Bitcoin's price has gained 26% over the past six months, and with its dollar value hovering just below $85,000, the question of where it heads next is back on the table.

We Asked 8 AI Chatbots to Predict Bitcoin's Price, Here's the Verdict

Fidelity's Director of Global Macro is citing Bitcoin's power law math to signal a new cyclical bull market underway after holding $60k, with a $300k target projected for 2029. The post Fidelity Director Highlights Power Law Math Pointing to Bitcoin $300,000 by 2029 appeared first on The Daily Hodl.

Fidelity Director Highlights Power Law Math Pointing to Bitcoin $300,000 by 2029

Three developments this week—a cost breakthrough, a new privacy design, and a custody playbook—show a field moving from theory to logistics, even as "Q-Day" remains hypotheti

Bitcoin's Quantum Problem: Three Ways Researchers Are Trying to Fix It

Michael Saylor's “Even more orange” message has raised the prospect of another Strategy bitcoin purchase following the company's recent return to buying. His Sept. 27 chart shows Strategy's 846,000 BTC valued at $71.81 billion. Saylor's Orange Chart Puts Another Bitcoin Buy in Focus Another bitcoin purchase may be coming from Strategy Inc.

Even More Orange: Saylor Teases Another Strategy Bitcoin Buy

Bitcoin's price was changing hands at $84,899 on Sunday morning at 8 a.m. Eastern time, up 0.9% over 24 hours, as buyers worked their way back toward $85,000 following the retreat from $87,374.

Bitcoin Price Climbs Back Toward $85K With Bulls in the Driver's Seat

Bitcoin price pulled back about 5% from its $87,400 high as altcoins rallied, while the $80,000–$82,000 zone is the line bulls must defend to keep the bull run alive.

News for Bitcoin Crypto (BTC)