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.

Strive added 124 Bitcoin for about $10 million and now trails Twenty One Capital by 390 BTC for third place among Treasury companies.

Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy

Bitcoin's price dipped over the past week, but the BTC treasury firm Strategy (MSTR) still opted to buy $66 million worth of the top crypto asset. Strategy says it accumulated 811 Bitcoin at an average purchase price of $80,846 per BTC, stretching its total holdings to 849,327 BTC.

Michael Saylor's Strategy Buys the Dip, Acquiring $66,000,000 Worth of Bitcoin (BTC) in the Past Week

Metaplanet repurchased 96.4 million shares in just over two weeks, deploying about $160 million as the bitcoin treasury company shifts capital toward reducing its share count. The Tokyo-listed firm has already completed nearly half of its authorized buyback of shares while simultaneously freeing more capital for future bitcoin purchases.

Metaplanet Buys Back 96.4M Shares to Boost Bitcoin Per Share

Dogecoin

Ethereum

Bitcoin held near $77,000 despite significant net outflows from spot Bitcoin ETFs as investors braced for Tuesday's U.S. midterm elections. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $76,783 Ethereum (CRYPTO: ETH) $2,244 Solana (CRYPTO: SOL) $91.99 XRP (CRYPTO: XRP) $1.24 Dogecoin (CRYPTO: DOGE) $0.07374 Shiba Inu (CRYPTO: SHIB) $0.054546 Notable Statistics: Coinglass data shows 67,742 traders were liquidated in the past 24 hours for $226.49 million.

Bitcoin Falls Below $77,000, Ethereum, XRP, Dogecoin Flat Ahead of Midterms

Bitcoin (CRYPTO: BTC) and gold have "blown their tops," Bloomberg Intelligence strategist Mike McGlone said Monday, pointing to a stock market correction as the trigger that could drag both lower heading into Tuesday's midterm elections. Why McGlone Sees All Risk Assets Rolling Over Together McGlone said on The Wolf Of All Streets podcast that Bitcoin, gold and silver have all pulled back to key support levels alongside a broader equity correction, calling it a Faustian bargain starting to unwind.

Bitcoin, Gold Have ‘Blown Their Tops,' Bloomberg's McGlone Warns

Strategy bought 811 BTC for $65.5 million in the week to Nov. 1, lifting its Bitcoin stockpile to 849,327 coins worth $64.08 billion in total cost.

Strategy Buys 811 Bitcoin for $65.5M, Total Holdings Hit 849K BTC

Brazil's largest crypto exchange Mercado Bitcoin confirmed earlier Monday a security incident and paused withdrawals.

Mercado Bitcoin, Brazil's largest crypto exchange, hit by $46 million security breach

Strive (Nasdaq: ASST) bought 124 BTC at $80,526 each from Oct. 24–30, lifting holdings to 43,124 BTC as cash fell to $490.4M, per its Nov. 2 SEC filing.

Strive Buys 124 More Bitcoin, Lifts Total Holdings to 43,124 BTC

Brazilian exchange Mercado Bitcoin suspended deposits and withdrawals after a security incident, and Tether said it had frozen more than 4.5 million USDT.

Mercado Bitcoin Halts Withdrawals After Security Incident, Tether Freezes USDT

Strive said it bought $10 million in bitcoin last week, increasing its holdings to 43,124 BTC as its investment chief stressed restraint. The purchase marked the first use of its SATS preferred stock sales program, while existing cash supplied most funding. Bitcoin Holdings Reach 43,124 BTC After Smaller Purchase Strive Inc.

Strive Adds $10M in Bitcoin Following Massive $511M Buying Spree

Bulls are watching short positions, exchange withdrawals and key price levels for signs of a rebound after the midterms.

Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze

Bitcoin slipped below $77,000 on Monday, despite Binance's announcement that it had fully replenished assets lost in the recent hack using its own funds. Another, albeit much smaller crypto exchange hack also popped up on Monday.

Binance Hack Fallout Keeps Bitcoin Price Under Pressure Below $77K

Strive Inc. (NASDAQ:ASST) purchased another 124 Bitcoin (CRYPTO: BTC) for almosr $10 million, bringing its total holdings to 43,124 BTC. CEO Matt Cole has set a year-end target of making Strive the second-largest corporate Bitcoin holder, trailing only Strategy.

Strive Eyes Second-Biggest Bitcoin Holder Spot by Year-End After $10M Buy

Brazil's largest crypto exchange paused deposits and withdrawals after a security incident. Tether froze more than 4.5 million USDT tied to the attack.

Brazil's Largest Exchange Mercado Bitcoin Halts Withdrawals After $40 Million Hack

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, said Monday that it had halted deposits and withdrawals following a “security incident.” A prominent analyst pegged the damages at $46 million worth of crypto and counting across numerous chains, including Bitcoin and Ethereum.

Brazil's Mercado Bitcoin Halts Withdrawals After Estimated $46M Stolen

Strategy spent $208 million buying back STRC preferred shares last week, three times its Bitcoin purchase, leaving $133 million of cash before Nov. 11.

Strategy Spends $208M Defending STRC and $65M Buying Bitcoin

Brazil's largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen.

Brazil's Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million

Bitcoin (CRYPTO: BTC) faces its biggest test of the year as the U.S. midterms arrive Tuesday, with bulls arguing the bottom is already in while bears still eye $73,000 as a key downside target. Why Bulls Say Bitcoin Won't Fall Further Widely-followed market commentator Our Crypto Talk posted on X that Bitcoin bottomed 71 days after the 2014 midterms, 39 days after 2018, and just 13 days after 2022, a shrinking window the account says points to Bitcoin already finding its low this cycle.

Bitcoin Bulls Say ‘Bottom's in' but Bears Eye $73,000 Ahead of Midterms

The Brazilian exchange paused deposits and withdrawals after wallets on at least 10 chains were emptied, days after the $6.3 billion Binance hack.

Brazil's Mercado Bitcoin halts withdrawals after $40 million drained across 10 chains

Strive bought another 124 BTC, bringing it closer to becoming the second-largest public company holder of bitcoin after Strategy.

Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy

Bitcoin puts expiring the day after Tuesday's US midterms cost about 10 volatility points more than calls, as traders hedge the vote and last week's sell-off.

Bitcoin Traders Pay Up for Downside Protection Before the Midterms

▶ André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals.

Bitwise's André Dragosch: Bitcoin's “Fair Value” of $197,000

▶ Adam Back explains why Bitcoin's third wave—pensions, managed funds, and model portfolios—is still to come, and how Swiss banks are already preparing.

Adam Back: Pension Funds Are Bitcoin's “Third Wave” of Adoption

Strategy acquired 811 bitcoins for approximately $65.5 million, bringing its total holdings to 849,327 BTC and U.S. dollar assets to $4.9 billion. Record Earnings and Financial Growth Bitcoin treasury giant Strategy has acquired 811 bitcoins for approximately $65.5 million alongside a repurchase of $208.2 million in STRC preferred stock.

Strategy Buys 811 Bitcoin for $65.5M as Reserve Reaches $4.9B

Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.

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