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 another 811 Bitcoin (CRYPTO: BTC) for roughly $65.5 million last week, resuming its accumulation after a brief pause the week before. What the Filing Shows Strategy disclosed in an 8-K filing Monday that it acquired the Bitcoin between Oct. 26 and Nov. 1 at an average price of $80,846 per coin.

Strategy Buys $65.5 Million in Bitcoin as Michael Saylor Adds 811 BTC

Bitcoin has closed above its 50-week moving average for a seventh consecutive week despite the $6.3 billion Binance hack and renewed crypto-market volatility. Glassnode says even a pullback toward $75,800 could leave the broader technical setup intact.

Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack

Bitcoin and crypto exchange Binance founder Changpeng “CZ” Zhao has warned people to “be careful”

‘Be Careful'—Binance Founder Issues Stark Warning As Bitcoin And Crypto Brace For ‘Real' Price Test

The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.

Strategy Resumes Bitcoin Buys With $66M Purchase

US spot Bitcoin ETFs shed $643 million on Oct. 30, their steepest single-day outflow since June 25, led by redemptions from BlackRock's IBIT and Bitwise's BITB.

Spot Bitcoin ETFs Post Largest Single-Day Outflow Since June

Bitcoin (CRYPTO: BTC) could be significantly undervalued as Bitwise Head of European Research André Dragosch estimates its fair value at $197,000 based on global money supply trends. Speaking on the Bitcoin Magazine podcast, Dragosch suggested that a potential AI bubble collapse, weakening U.S. dollar and improving global liquidity could fuel Bitcoin's next major rally.

Bitwise Puts Bitcoin's 'Fair Value' at $197,000, Cites 3 Catalysts for Rally

The latest bitcoin acquisition disclosure comes after Strategy reported $19.5 billion in third quarter net income on Thursday.

‘We found room for even more orange': Michael Saylor's Strategy scoops up another 811 bitcoin for $65.5 million

Strive Says It Bought 124 Bitcoin October 24 - 30th At Average Price Of $80,526; Holds 43,124 Bitcoin

That is evident from bitcoin's BTC$77,924.04 implied volatility (IV) term structure. IV is the size of price swings options traders expect, and the term structure plots it across different expiry dates.

Bitcoin's 'volatility curve' has a midterm bump

Bitcoin ETFs lost $202.59 million in the week through Oct. 30 after a violent Friday reversal erased four days of inflows. Ether suffered an even steeper $431.53 million withdrawal, while solana posted its largest weekly outflow on record.

Bitcoin ETFs Lose $203M as Friday Rout Wipes out Weekly Gains

Bitcoin fell 0.4% to around $77,900 since midnight UTC as Binance customers pulled a net $3.64 billion after withdrawals reopened and ETFs lost $643 million.

Bitcoin eases to $77,900 as Binance customers pull $3.6 billion after withdrawals reopen

In each of the last three cycles, bitcoin bottomed 13 to 71 days after a U.S. midterm election. Americans vote again on Tuesday, and Polymarket gives a Democratic sweep 72% odds. The Midterm Pattern Crypto researchers have bitcoin's last three cycle bottoms came soon after the U.S.

Bitcoin Fell After 3 Straight Midterms, and Tuesday Could Make It 4

Binance has begun reopening withdrawals in phases starting with bitcoin following the largest crypto theft ever recorded. The exchange confirms it will cover all losses itself while user funds remain fully protected. The post Binance Resumes Phased Bitcoin and Crypto Withdrawals After Record $6,360,000,000 Hack appeared first on The Daily Hodl.

Binance Resumes Phased Bitcoin and Crypto Withdrawals After Record $6,360,000,000 Hack

Cryptocurrency analyst Willy Woo noted on Sunday that Bitcoin (CRYPTO: BTC) didn't lose much ground after the massive Binance hack that unsettled the industry. Woo Says Bitcoin Held Up Well As of this writing, Bitcoin is down 2.4% over the week, while spot gold is down 2.70%.

'Incredible' That Bitcoin Outperformed Gold Last Week Despite $6.3 Billion Binance Hack, Says Analyst

The first trading day after the Binance hack saw the biggest ETF outflow since June 25.

Bitcoin ETFs lost $643 million in outflows Friday, and 2026 is barely green now

The 19 wallets holding 18,270 stolen BTC have taken in nothing since Thursday except payments worth under a dollar, each carrying a message, from pleas to laundering pitches to a token shill.

Strangers are begging the Binance hacker for bitcoin, one ‘help me bro' at a time

ZEC led the majors and oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm elections on Tuesday.

Bitcoin claws back toward $79,000 as markets shake off crypto's biggest hack

The open-source project says it is still investigating and hasn't given a loss figure or announced a fix. Its founder said the reports appear to involve versions older than 2.4.2.

BTCPay, a bitcoin payment tool, tells users to switch off their servers after reports of drained wallets

US spot bitcoin ETFs shed $643 million on Friday, marking their largest single-day outflow since June 25, following Thursday's Binance's hack.

Spot bitcoin ETFs see largest daily outflows in four months following record Binance hack

Btcpay Server issued an emergency shutdown warning Nov. 1, 2026, after reports that attackers were draining bitcoin from hot wallets connected to self-hosted payment servers. Founder Nicolas Dorier linked the reported compromises to versions predating 2.4.2, while indicating that public servers running version 2.4.7 had not been attacked.

Bitcoin Payment Processor Btcpay Hit by Hot Wallet Theft Reports

Dogecoin

Ethereum

Leading cryptocurrencies held steady Sunday evening as investors weighed the fallout from the Binance hack and looked ahead to the midterm elections.

Bitcoin, Ethereum, XRP, Dogecoin Hold Steady Despite Binance Hack; Analyst Warns History Points to ‘Significant' BTC Correction After Midterms

Strategy executive Michael Saylor flagged a possible new BTC buy on Sunday, extending a pattern that has preceded recent weekly MSTR purchase filings.

Strategy's Saylor Hints at Fresh Bitcoin Buy With Sunday Post

Strive CEO Matt Cole posted a chart captioned "New engine activated" on X, hinting at a fresh BTC buy after Strive's Bitcoin treasury hit 43,000 coins.

Strive CEO Teases Bitcoin Buy With 'New Engine Activated' Post

While bitcoin prices have tumbled in the aftermath of the massive $6.3 billion Binance hack, miners closed October with their highest monthly revenue since November 2025. However, the leading crypto asset's recent price deterioration has taken a considerable toll on mining profitability, with current hashprice figures sitting 17.54% below their levels just 30 days earlier.

Bitcoin Mining Revenue Hits 11-Month High Despite Brutal Hashprice Decline

On Oct. 29, during the Binance hack, approximately 18,270.2 BTC worth $1.4 billion was stolen, with the Federal Bureau of Investigation (FBI) subsequently identifying the Democratic People's Republic of Korea (North Korea) as the principal perpetrator. The stolen bitcoin remains untouched, dispersed across 19 separate wallets to this day.

News for Bitcoin Crypto (BTC)