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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.

Dogecoin

Ethereum

Bitcoin and Ethereum consolidated, while Dogecoin rose as President Joe Biden announced his withdrawal from the 2024 presidential race. Cryptocurrency Gains +/- Price (Recorded 9:15 p.m.

Bitcoin, Ethereum Hold Steady, Dogecoin Spikes As Biden Bows Out Of Presidential Race: King Crypto Might Have A Chance To Reclaim $71.5K, Forecasts Analyst

Senator Elizabeth Warren (D-Mass.) has publicly endorsed Vice President Kamala Harris for the presidential race, hours after President Joe Biden lent support to her candidacy What Happened: On Tuesday, Elizabeth Warren took to X to express her support for Harris with a video captioned, “I endorse Vice President Kamala Harris.

Bitcoin Critic Elizabeth Warren Backs Kamala Harris For Presidency After Biden Withdraws From The Race: 'She's Ready To Step Up'

Bitcoin and other top coins briefly plunged after Biden's announcement, but now are flying with BTC at its highest price in over a month.

Crypto Liquidations Spiked After Biden's Dropout—Now Bitcoin Is Gaining

On Sunday at 4:30 p.m. EDT, bitcoin (BTC) is trading between $67,968 to $68,108 per unit, following a flash dip to $65,833 per coin after U.S. President Joe Biden announced his withdrawal from the 2024 election. The volatility on July 21 led to the liquidation of $37.

Bitcoin's Flash Crash Below $66K and Rebound Above $68K Following Biden's Election Decision

Analysts at ARK Invest say that several on-chain indicators are currently reflecting positive market health for Bitcoin (BTC). In a new report, ARK says that BTC is still in a state of being oversold after large-scale selling from the German government, which liquidated coins this month that it confiscated from an illegal movie streaming website.

Bitcoin Indicator Pointing Towards ‘Deep Value' for BTC, According to ARK Invest Analysts

Bitcoin's price rattled Sunday as President Joe Biden announced he is quitting the 2024 race for the White House. As the news broke, BTC dropped from $67,453 to $65,884 in an instant before recovering to $66,893 at time of publishing.

Bitcoin Price Rattles As President Biden Quits 2024 Presidential Race, Endorses Kamala Harris

A trader who accurately called the 2022 crypto collapse thinks the market is poised to witness bursts to the upside. Pseudonymous analyst Capo tells his 864,100 followers on the social media platform X that he's bullish on Bitcoin and altcoins now that BTC has reclaimed the $60,000 psychological price level.

‘The Best Is Yet To Come' – Analyst Says Altcoins Have Bottomed Out, Predicts All-Time-High Rally for Bitcoin

Cryptocurrency analysts of Coinidol.com report, Bitcoin broke above the initial barrier and reached a high of $66,620.

Bitcoin Is Stable Above $66,000 And Continues Its Upward March

Solana

Crypto investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general look ready to make a run.

Bitcoin, Ethereum, Solana and Crypto Markets Look Ready To ‘Send' As Stars Align, According to Investor Chris Burniske

Wild rumors are swirling that Donald Trump could announce he'd create a U.S.

‘It's Inevitable'—Bitcoin Price Suddenly Soars On Wild Rumors Donald Trump Will Create A U.S. Bitcoin Strategic Reserve

A top analyst who nailed the 2022 Bitcoin bottom believes that BTC bears have already surrendered their last line of defense. Pseudonymous analyst DonAlt tells his 571,800 followers on the social media platform X that blue skies are up ahead for BTC, meaning there's no resistance left to stop Bitcoin from soaring to greater heights.

Blue Skies Up Ahead for Bitcoin, According to Trader Who Caught 2022 BTC Bottom – Here's His Outlook

Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt's recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff's bearish stance on the cryptocurrency.

Veteran Trader Peter Brandt Identifies Bitcoin's Down Channel Pattern

U.S. Senator Cynthia Lummis has emphasized bitcoin's resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage in history.” Bitcoin's Stability Highlighted During Major System Outage U.S.

US Senator Highlights Bitcoin as Currency Unaffected by Widespread Cyber Outages

Leading Democrats rumored to be in the running to take over the Democratic ticket represent a wide range of positions when it comes to crypto.

Kamala and Crypto? How Biden's Potential Replacements Feel About Bitcoin

Cryptocurrency analyst Kevin Svenson has predicted a potential 83% surge for Bitcoin (CRYPTO: BTC) but noted that this is contingent upon the stability of the stock market. Svenson suggested that the digital currency is on the verge of a significant increase.

Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As

It's been a decade, but it won't be much longer still as billions of dollars' worth of Bitcoin is now on its way to Mt. Gox creditors.

Mt. Gox Repayments Are Coming: When Users Can Expect Their Bitcoin

Curve DAO Token

A widely followed cryptocurrency analyst and trader says that one Ethereum (ETH)-based altcoin could be gearing up for a double-digit bounce. The analyst pseudonymously known as Credible Crypto tells his 403,900 followers on the social media platform X that CRV, the native token of stablecoin lending platform CurveDAO, could soar to $0.

Trader Says Ethereum-Based Altcoin Primed To Surge by Double Digits, Updates Outlook on Bitcoin and dogwifhat

Crypto markets are up, and U.S. politics can take much of the credit.

This Week in Coins: Trump Fuels More Meme Coin Mania as Bitcoin Regains Strength

Cryptocurrency analyst Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) based on historical precedent. In a new video, Svenson tells his 78,700 YouTube subscribers that Bitcoin is on the cusp of a breakout from a sideways range.

Bitcoin To Surge by up to 83% if History Repeats Itself, Says Analyst Kevin Svenson – But There's a Catch

Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency.

Barstool's Dave Portnoy Accepts Bitcoin From Kraken in Sponsorship Deal

Gemini crypto exchange co-founders Tyler and Cameron Winklevoss are continuing their donation spree to Republican candidates. In a new thread on the social media platform X, both Winklevoss twins say they are donating $500,000 worth of Bitcoin (BTC) each to John Deaton, an attorney and pro-crypto Senate candidate looking to unseat Elizabeth Warren of Massachusetts.

Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

The flawed security update took down networks around the world, including banks. But not Bitcoin.

‘Bitcoin Keeps Hashing' Amid Global CrowdStrike Outages: Mining CEO

The leading cryptocurrency's price swelled ahead of a high-profile week, with former president Donald Trump set to tout Bitcoin in Nashville.

Bitcoin Tops $67,000, Highest Price in Over a Month

Cryptocurrency markets are zooming higher, with open interest spiking and crypto markets unaffected by the global IT outage. Cryptocurrency Price Gains +/- Bitcoin $67,081.5 +5.5% Ethereum $3,510.1 +3% Solana $170.26 +8% Dogecoin $0.1251 +5.9% Shiba Inu $0.00001799 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume dropped by 37.6% and daily active addresses grew by 3.9%.

Bitcoin, Ethereum, Dogecoin Enter The Weekend With Big Gains: 'Sunday Report Will Make You All Happy,' Trader Touts

The Trump campaign is making a strategic move to capture the cryptocurrency vote, with Ohio Senator JD Vance emerging as a key figure in this effort. What Happened: At 39, Vance's prominence in Silicon Valley and his pro-crypto stance are seen as crucial assets in wooing an estimated 40 million American crypto owners.

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