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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.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer Hiro Systems.

SEC Ends Investigation into Bitcoin Scaling Network Stacks Without Enforcement Action

Bitcoin whales bought 71,000 Bitcoin during the crypto market downturn earlier this month, making it the fastest rate of accumulation since April 2023.

Bitcoin Whales Accumulation Amid Market Slump Highest Since April 2023

Bitcoin (BTC) saw a significant spike on Saturday following reports that former U.S. President Donald Trump, the leading Republican candidate for the 2024 election.

Bitcoin Surges Following Attack on Donald Trump During Campaign Rally

The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said.

Bitcoin Retakes 200-Day Average as 'Trump Trades' Back In Vogue After Weekend Attack

Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.

Bitcoin soars to two-week high after Trump attack

A Bitcoin (CRYPTO: BTC) wallet, inactive for nearly 12 years, has suddenly sprung into action, transferring millions worth of digital currency. What Happened: On-chain tracking platform Spot On Chain reported that a wallet, known as “1EhXAfST”, transferred 1,000 Bitcoin, worth $60 million to two new wallets Sunday.

Long-Inactive Bitcoin Wallet Unleashes $60M Amid Market Rebound, Stands To Profit 497X On Sale

The shooting created a “Trump bid” to risk markets, Decrypt was told by Rosenblum. "Political volatility is a catalyst for Bitcoin buying.

Bitcoin Climbs as Failed Assassination Attempt Bolsters Trump's Election Bid

Dogecoin

Ethereum

Leading cryptocurrencies strongly rebounded Sunday, owing to what appeared to be a bullish bias toward presidential candidate Donald Trump surviving an assassination attempt. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Bitcoin, Ethereum, Dogecoin Recover As Market Reacts Positively To Trump Escaping Assassination Attempt: Analyst Predicts King Crypto's Pullback Before Rise To $63.8K

The transaction worth over $60 million was originally broadcast to the network in January but was only mined into a block on Sunday.

Dormant address containing $60 million in bitcoin wakes up after nearly 12 years

According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept.

Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million

Additional security is expected at the Bitcoin conference preparing for 20,000 attendees, according to BTC Inc.'s CEO David Bailey.

Trump to Speak at Bitcoin Conference Despite Assassination Attempt

A closely followed on-chain analyst says billions of dollars worth of Bitcoin (BTC) were sent to digital asset exchanges in the last 30 days.

$3,540,000,000 in Bitcoin (BTC) Moved to Crypto Exchanges in Just One Month, According to Analyst

Trump survives an assassination attempt, marking a defining moment in American politics. Bitcoin's strength and interest from both parties show it's not a partisan issue.

Trump Survives Assassination Attempt, Bitcoin Prices Rallies

In the wake of an assassination attempt on former President Donald Trump, Bitcoin‘s (CRYPTO: BTC) value has soared beyond the $60,000 mark. The incident has sparked fresh speculations about Trump's chances of re-election, which seem to be on the rise.

Bitcoin Jumps Past $60,000 Mark Following Trump Rally Shooting

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days.

Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

More than a decade after the world's largest Bitcoin exchange was hacked, Mt. Gox creditors are finally due refunds.

Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here

Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany's bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp.

Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany's Bitcoin Sales

U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar dominance.

Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge

The price of bitcoin climbed 2.7% over the past 24 hours, reaching an intraday peak of $60,423 per token. For over a week, BTC remained below the $60,000 mark. However, on Sunday morning at 4 a.m. EDT, it surpassed this threshold for the first time in 11 days. BTC Rises to $60,423, Marking 2.

Bitcoin Surpasses $60K After 11 Days: Price Boost Follows Trump Assassination Attempt

Jeff Booth, the author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, believes that Bitcoin (BTC) is the only force that follows the natural state of the free market.

‘Price of Tomorrow' Author Says Bitcoin Is the Only Free Market Force, Predicts Prices Will Fall Against BTC

The bitcoin price has topped $60,000 per bitcoin, up from lows of $53,000 earlier this month, after Trump's chances of retaking the White House in November spiked on the crypto-based Polymarket prediction platform

Bitcoin Price Suddenly Soars Over $60,000 After Trump Assassination Attempt Sends His Odds Of Victory To All-Time High

North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes.

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

The week was a rollercoaster ride in the world of cryptocurrency. From former President Donald Trump‘s significant crypto losses to the ambitious plans of Shiba Inu developers, the crypto market was anything but dull.

Trump's Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week

Trump-inspired meme coins jumped following an apparent rally attack, plus Bitcoin rose—and prediction market bettors think it's helped his campaign.

Bitcoin Price Climbs and Meme Coins Spike After Trump Attacked at Rally

Rich Dad Poor Dad author Robert Kiyosaki has renewed his bitcoin buy recommendation, noting that Wall Street is loading up on the cryptocurrency. He urged investors to seize opportunities amidst challenging circumstances. The famous author recently predicted that bitcoin could soar to an astounding $10 million following an economic crash.

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