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.

Tether CEO Paolo Ardoino said in Lugano that the company holds about 150,000 bitcoin worth $11.5 billion.

Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows

Bitcoin (CRYPTO: BTC) could see a third low this year, according to analyst Benjamin Cowen, who is pointing to the S&P 500 as one of the last major indexes still due for a bigger drop. Why Cowen Says the S&P 500 Hasn't Fallen Enough Yet Cowen said Tuesday that the Nasdaq has already dropped more than 10% this quarter, while the Russell 2000 fell 11% to 12% and the Dow dropped about 7%, closely mirroring 2018's midterm-year correction.

Bitcoin Could Face Third and Final 2026 Low in Q4 if S&P500 Drops, Analyst Cautions

Bitcoin climbed back above $77.5K as futures liquidations flipped from longs to shorts, after forced selling drove it near $76,300 overnight on midterm day.

Bitcoin Reclaims $77.5K as Futures Liquidations Shift to Shorts

Bitcoin's (CRYPTO: BTC) midterm election test will likely be forgotten within months, Bitwise's Ryan Rasmussen says, even as prediction markets price a 75% chance Democrats sweep both chambers of Congress. Why Rasmussen Expects the Midterms to Fade Quickly Rasmussen said on The Wolf Of All Streets podcast that the election carries limited long-term impact on crypto since the regulators currently pushing pro-crypto policy remain in place regardless of Tuesday's outcome.

Midterm Result Will Be 'Non-Event' for Bitcoin in 6 Months, Bitwise Exec Says

Bitcoin experienced volatile trading Tuesday, falling to $76,268 before recovering above $77,700 as investors weighed the fallout from the Binance hack and U.S. midterm election uncertainty. Bitcoin endured a volatile trading session Tuesday as the leading cryptocurrency struggled to regain its footing days after a massive Binance hack triggered a marketwide sell-off.

Bitcoin Price Rebounds From $76K Amid Sizable ETF Outflows, Liquidations

Ethereum

Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are seeing increasingly negative sentiment, while Ethereum (CRYPTO: ETH) comparatively is holding its ground in what analytics firm Santiment calls a contrarian buying opportunity. Why Sentiment Has Collapsed Across the Market Santiment Intelligence said Tuesday that sentiment around Bitcoin, Ethereum, XRP and other major tokens has steadily weakened for nearly two months, with last week's Binance hack accelerating the decline further.

Bitcoin, XRP, Ethereum Sentiment Tanks but One Coin Is Holding Its Ground

Stablecoin supply fell about $5.7 billion in a week to a 13-month low, as US spot Bitcoin ETFs lost $1 billion in two sessions before the midterm vote.

Stablecoin Supply Hits 13-Month Low as Bitcoin ETFs Lose $1B

▶ Battery Finance's Andrew Hohns explains why taxes won't fix the $40T debt, how a Bitcoin reserve defeases it, and why Treasury should pilot BitBonds.

Andrew Hohns: Why Bitcoin Can Fix America's Debt Spiral

Bitcoin (CRYPTO: BTC) could benefit from an artificial intelligence boom, continued economic uncertainty or even an AI-driven market crash, according to Bitwise Chief Investment Officer Matt Hougan, who says the cryptocurrency is entering a more mature institutional growth phase. Bitcoin Will Win In Every AI Scenario In a Coinage interview on Nov. 2, Hougan outlined three possible outcomes that could ultimately benefit Bitcoin.

'All Roads Lead To Bitcoin,' Says Bitwise Exec Matt Hougan In Light of AI Bubble

U.S. bitcoin ETFs opened November with $398.62 million in net outflows, extending the heavy selling that closed October. Ether funds lost another $139.80 million, while Zcash, HYPE and XRP also started the month in negative territory. Blackrock Drives $399M Bitcoin ETF Exit November began with institutional investors still clearing risk from their books.

Bitcoin ETFs Lose $399M as 2-Day Outflows Top $1.04B

Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.

Bitcoin Price Trades Near $77,500 as Midterm Voting Begins

How? Look at where bitcoin's price is relative to its 200-day average, a widely-tracked barometer of long-term market trends. As of this writing, BTC traded near $76,990, about 5.2% above its 200-day average of roughly $73,169.

Bitcoin is breaking a midterm election pattern going back to 2014

Liquid Network said its bitcoin reserves are back to full backing after September's exploit, with Blockstream providing the funds.

Liquid Network restores full bitcoin backing following $320 million exploit

Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion.

Bitcoin steadies after dip to $76,300 as ETF outflows and midterm elections weigh on crypto

Blockstream CEO Adam Back said the sidechain's defenses have been hardened, and warned developers not to trust AI-suggested fixes blindly.

Liquid Network Restores Full Bitcoin Backing Two Months After $320M Exploit

A final 250 BTC transfer closed the hole left by September's bug, but the federation behind the network still hasn't said who paid to fill it.

Liquid's bitcoin IOUs are fully backed again after a $320 million exploit

A fifth straight weekly decline would mark bitcoin's joint third-longest losing streak, as oil rebounds and Apple's margin warning adds to investor caution ahead of the U.S. midterms.

Live news: Bitcoin faces fifth weekly loss as midterm uncertainty and apple warning weigh on markets

As crypto asset market participants and users jump from one hack story to another, the Liquid Network, a Bitcoin sidechain that suffered a hack in September, has finally restored its bitcoin (BTC) reserves. Its LBTC token is now fully backed by bitcoin again.

Good News, Finally: Liquid Network Restores Its Bitcoin Reserves

Partners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets.

Mercado Bitcoin pledges to cover all user losses after near $40 million hack

The Guppy Multiple Moving Average bands signal a bearish momentum, even as seasonality and post-midterm history lean bullish.

Bitcoin's price chart is flashing a red signal

OKX's latest reserve report shows customer bitcoin holdings jumped 9.66% to 156,609 BTC in a month that ended with Binance losing $6.3 billion to hackers.

$1 Billion in Bitcoin Added to OKX in the Month Binance Got Hacked

The user protection fund now sits below the $800 million level that Binance's own rules say triggers a top-up, and the exchange hasn't said when it will refill it.

Binance has spent half its SAFU bitcoin, about $580 million worth, data shows

The company's revenue dropped 63% in the third quarter, while a $127 million accounting gain helped turn an operating loss into a reported profit.

Bitcoin miner Cipher posts $31 million profit as AI pivot begins

ZEC tumbled nearly 10% and BNB fell under $700 as the Nasdaq 100 slid into a correction, dragging Asian stocks lower.

Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote

Dogecoin

Major cryptocurrencies declined on Monday amid the fallout from the Binance hack and uncertainty ahead of the midterm elections. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 8:24 p.m.

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